arbitrum

Arbitrum dominates most Layer 2 metrics:

🔵 largest TVL at $3+ Billion
🔵 highest number of monthly user-paid fees generated at $7.5 Million (Jan)
🔵 highest number of protocols integrated at 546
🔵 most diversified inbound traffic with its leading dApp GMX capturing 17% of the market share

1/

I’m fully learning here, so I’m full
Of dumb questions.

Why do you think the protocols that hit the top by tvl got there?  What’s different about them versus something like the Arbitrum social Fi protocols?

In crypto since 2014 👾 DAO Governance at Karpatkey.

Built Web3 startups that grew to reach acquired or Billion-Dollar status.
📩 alicecorsini.substack.com

Doing the most in between naps.

Dusty Nickels.

Happy Trees. With hugs

I think socialFi is also going to be significant, but it’s younger compared to DeFi. DeFi has almost 5 years now and it’s a pretty “established” use-case.

I was never too much into FriendTech. But, I think that’s just the nature of social platforms. Just think of Clubhouse, it had a huge growth at launch and then it rapidly faded. User retention is the actual challenge here imho.

1/

Thanks for the insight.  I agree, but I was mostly interested in thinking about long term thoughts surrounding SocialFi after the highs and lows is thing like friendtech.  I suppose from a human nature standpoint.