GM Wikerians, Let us take a look at some best DEXs on the Arbitrum ecosystem.
Arbitrum is a layer-2 scaling solution for Ethereum that aims to improve the scalability and reduce gas fees of the Ethereum network. It uses Optimism Rollups, a type of Layer 2 scaling that bundles multiple transactions into a single batch and then submits them to the Ethereum mainnet for settlement.
These are some best DEXs that operate on Arbitrum:
. AlienFi is a decentralized exchange (DEX) built on the Arbitrum Chain that provides fast, secure, and low-cost token trading with high yields and rewards.
ALIEN token is the heart of the AlienFi ecosystem. You can Farm with it, Earn with it, Gamble with it, and even vote with it. AlienFi is set to become the leading DEX on Arbitrum.
. Uniswap: Uniswap is a decentralized exchange that allows users to trade ERC-20 tokens on the Ethereum network. Uniswap operates on Arbitrum using the same interface and smart contracts as on Ethereum.
. SushiSwap: SushiSwap is a decentralized exchange that offers trading of ERC-20 tokens, as well as liquidity provision through its automated market maker (AMM) protocol. SushiSwap has launched on Arbitrum to offer faster and cheaper trading than on Ethereum.
. Camelot: is an innovative and highly flexible DEX built to support the Arbitrum ecosystem. Community-driven and capital efficient. They recently launched their token, $GRAIL … which is currently around $2000/GRAIL.
. ZyberSwap: is a Decentralized Exchange on Arbitrum and a Community Driven DEX at that. their token $ZYB had a run-up of over 30x some days ago.
. Oreoswap is the first DeFi platform to offer both automated market making (AMM) and NFT farming on the Arbitrum blockchain network. Apart from being a DEX, OreoSwap is also a staking platform where users can provide liquidity to the DEX, trade different types of assets in a decentralized way and get rewarded for doing so.
. SolidLizard: is a decentralized exchange built on Arbitrum that offers low-cost token exchanges and reduced swap fees, using a governance model called ve(3,3) system, which was developed by Andre Cronje and introduced in Solidly.
This system rewards active user participation through voting, bribes, and decisions on whether to lock or unlock the governance token. When a majority of users lock their tokens, they can enjoy the economic benefits of the ve(3,3) model, including increased token yield, and reduced inflation of native tokens while controlling the circulating supply of the token.
There are a lot of other ones like Kyberswap, Gammaswap, Arbswap, Vertex etc. It is also important to note that these DEXs may not have many liquidity pools and trading volumes like their Ethereum counterparts, so do well to conduct your own research before trading on these platforms.
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