In this post, we take a look at 6 of the most underrated projects in Arbitrum ecosystem.
1. PlutusDAO ($PLS)
The sole purpose of the control aggregator Arbitrum — to maximize liquidity while increasing its share in the management of Arbitrum. The ratio of distribution to market capitalization has not yet been factored into the price.
💸$ARB Airdrop: 2,704,175
💰Marketcap: $12.9M
PlutusDAO continues to do what it was created to do, to increase its political power through the acquisition of tokens. Just this week he added $RDNT and will be running $ARB as a repository.
2. vestafinance ($VSTA)
Vesta allows you to borrow the $VST collateralized stablecoin against many other crypto assets. The launch of $ARB should further increase its share of liquidity and help fill the decentralized coin void for the ecosystem.
💸$ARB Airdrop: 2,704,175
💰Marketcap: $9.6M
Here you can track the various storage offerings as well as the burn rate and collateral positions at $VST.
3. CapDotFinance ($CAP)
Cap Finance is a decentralized solution for permanent contracts, with a size of 1/10 of the largest participants. Margin volume has recently exceeded $400 million and liquidity has started to come in.
💸$ARB Airdrop: 2,961,715
💰Marketcap: $36M
$CAP has recently continued to grow, and commission volume and fees continue to increase as well. With daily volume recently surpassing $93 million, users are clearly enjoying what it has to offer. Cap Finance:
- Smooth interface
— Commissions
- 100x shoulder
4. Y2K Finance ($Y2K)
If the last weeks have taught us anything, it's that betting on chaos can be profitable and Y2K Finance makes it possible.
💸$ARB Airdrop: 1,416,473
💰Marketcap: $8M
Y2K Finance remains greatly underestimated. The potential for catastrophic risk hedging is still greatly underestimated. Upcoming Catalysts: Tsunami, autocompilation of Y2K tokens, adding more assets, and more.
5. saddle finance ($SDL)
saddleswap builds AMM based on linked assets. Initially launched with $ BTC derivatives, it now supports $ ETH. It operates on 7 networks and recently announced a partnership with yearnfinance .
💸$ARB Airdrop: 1,545,243
💰Marketcap: $6M
6. HopProtocol ($HOP)
With the advent of liquidity in tokens ARB the need for bridges and swaps will only increase. The market is ignoring the increase in usage that could come from a wave of liquidity while TVL on air now ATH.
💸Airdrop $ARB: 1,674,013
💰Marketcap: $17M
And what projects do you consider the most underestimated and promising for Arbitrum? Write in the comments!
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Translation author: @ilya1ether
