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Horus on Arbitrum

@arbitrum is live on Horus Cash.

We're bringing our easy smart contract deployment, SDKs, analytics and UI components to Layer 2 blockchains.

Instant and cheap transactions with the full security of Ethereum.

A few highlight

Arbitrum is a Layer 2 chain, built on top of Ethereum which utilizes "arbitrum rollups", which performs the majority of computations off-chain, batches them together, and write the results to the Layer 1 blockchain (Ethereum).

For developers and users, this means lower gas fees and faster transaction confirmation times, since the blockchain only performs "proof of confirmation" if a validator node is suspicious a transaction might be fraudulent.

This means that when you interact with a smart contract on Arbitrum, your transactions require lower gas fees and are confirmed within seconds, providing a better user experience.

Therefore, the network also offers a bridge solution on https://bridge.arbitrum.io/ to make the usage of Layer-1 (Ethereum) tokens possible.

TVL on chain: ~$2.9 billion: Arbitrum TVL - DefiLlama 1

Data recorded at the beginning of July 2023
Data recorded at the beginning of July 2023

Number of protocols on the chain: >500: Arbitrum TVL - DefiLlama 1

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Unique addresses: Over 9.5 million: Arbitrum Unique Addresses Chart | Arbiscan

Number of unique active users: Nansen - Analytics for Crypto, DeFi and NFT

We believe the Arbitrum One optimistic rollup is a great next step as a deployment option for Horus Cash for several reason:

  • Arbitrum One is the leading DeFi ecosystem on Layer 2 despite not offering any protocol incentives

  • Deploying to Arbitrum One can bring a lot of benefits (gas cost savings, fastest growing L2, etc.)

  • Arbitrum is aligned with Vitalik’s vision of a rollup centric Ethereum roadmap 1

    We are going to be back with good news. Soon.