Will ETH focus on the "Application Layer" in the future? Arbitrum Orbit chain may become an important part

Original author: Deep Tide TechFlow

Introduction

Recently, due to the popularity of other public chains, the market seems to have lost some attention to Ethereum (ETH).

Is there any way to bring Ethereum back to the center stage?

Recently, Vitalik Buterin mentioned in a podcast that the future focus will be more on the “Application Layer”.

If Ethereum’s next direction is to vigorously develop ‘applications’, then among the existing Layer 2 solutions, Orbit, newly launched by arbitrum, is the object you must follow.

From One, Nova to Orbit, Arbitrum’s Layout for the Future of Ethereum

If in the past period, some users felt confused about the market trend and the development of Ethereum, then Arbitrum Orbit may reignite your hope.

First of all, according to the data from Growthepie, Arbitrum ranks first in Stable Coin Market Cap and TVL, with 4.3 billion and 17.1 billion respectively. This also forms the basis for the explosion of the Arbitrum ecosystem.

Why is Orbit important?

For Arbitrum, users may be more familiar with Arbitrum One, Arbitrum Nova.

As the latest product launched, Arbitrum Orbit allows users to build their own L2/L3. The following figure will mainly show the differences between them.

The structural relationship is as follows, developers can customize L3 through Orbit and place the settlement layer on any L2 of Ethereum, or customize L2 through Orbit, while the settlement layer is Ethereum.

Recently, the Arbitrum Foundation has proposed to the ArbitrumDAO to consider allowing the Orbit chain to be deployed on any public chain, such as Bitcoin, BNB Chain, Cosmos, etc.

The proposal has been approved and has received over 99% support. This proposal will increase ArbitrumDAO’s revenue and may have a positive impact on the long-term development of the Arbitrum ecosystem.

And how is Orbit currently developing?

Orbit Progress and Project Inventory

From the beginning of the year to now, Orbit Chain has attracted more than 55 projects, covering areas such as Decentralized Finance, Gaming, Non-fungible Token and Infra. Among them, there are many top projects, such as Degen Chain, DODO Chain, Plume Network, etc.

In addition, there are over 100 projects currently being deployed.

Overall, if the Ethereum ecosystem turns to more application development, Orbit will undoubtedly be an important part of it. After more than a year since its launch, the Orbit ecosystem has begun to take shape. Next, if there is a wealth effect within the ecosystem, Orbit, Arbitrum, and the Ethereum ecosystem will inevitably attract more follow.

To learn more about the progress of Arbitrum, please follow the official Chinese account: _cn

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