MATIC survived brutal selloffs in the early trading days. Could Arbitrum do the same?
), a layer-1 blockchain, rallied 50,000% before undergoing a similar pump, correction, and sideways consolidation phase after its exchange debut in April 2020.
From a fundamental perspective, Arbitrum has emerged as a strong contender in the Ethereum L2 space in recent months, with several leading DeFi protocols, including"GMX and Radiant on Arbitrum are two of the fastest-growing protocols in terms of both fundamentals and price appreciation this year,""Looking at user retention metrics, it’s apparent these protocols have gained above-market traction compared to imported protocols like Uniswap or Aave.
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