Largest Ethereum-based second-layer solution is ready to launch Arbitrum Odyssey, an eccentric community-driven journey
As part of the upcoming Odyssey community interoperability initiative, DeFi enthusiasts will be able to claim proprietary non-fungible tokens (NFTs).
Arbitrum’s Odyssey kicks off on June 21, 2022
According to the official statement shared by Arbitrum, its Odyssey initiative officially starts next Tuesday, on June 21, 2022. Within its first phase, “Bridge Week,” various Ethereum-based solutions will be invited to bridge value to Arbitrum.
Celer, Hop Protocol, HashFlow, deBridge and other leading Ethereum-based solutions have joined Arbitrum Odyssey as technical partners.
DeFi enthusiasts will be able to use bridge solutions; those that ended up using the bridge that had the most wallets bridging into Arbitrum will be eligible for an NFT airdrop.
After “Bridge Week” is over, each week two of the technical partners will announce two separate tasks. All testers will also be eligible for limited NFT distributions.
Amid market carnage, Arbitrum controls over 50% of all L2s’ TVL
Arbitrum is the most important second-layer solution for Ethereum (ETH) dApps. Per statistics shared by the L2Beat project, it is responsible for 50.68% of the aggregated TVL of all mainstream platforms.
While L2 total value locked (TVL) metrics have fallen more than 50% since their peak recorded on April 1, 2022, they have fallen below mid-October 2021 levels.
In the past seven days, the dropdown accelerated: the net TVL of major L2s plunged to $3.78 billion. Aztec, ImmutableX and dYdX are among the worst sufferers of this carnage.
