Top 8 Outstanding Projects on Arbitrum to Watch Out For in 2023 - There are hundreds of projects that have been deployed on Arbitrum, each boasting unique features and applications.

    The Arbitrum layer 2 has risen as a leading solution to solving Ethereum’s scalability challenges. Offering fast and cost-effective transactions without compromising security or decentralization, Arbitrum has attracted numerous crypto projects with unique features.

    Camelot (GRAIL)

    Camelot is a unique decentralized cryptocurrency exchange (DEX), built on Arbitrum to provide users with a secure, reliable and flexible trading experience. Camelot allows users to swap tokens and stablecoins quickly and conveniently, while ensuring the sustainability of the system. Camelot aims to create a loyal crypto community and meet user’s growing need for trading experience. This platform provides users with a safe, convenient and efficient exchange to buy and sell cryptocurrencies and participate in the crypto market. With Camelot, users can trade cryptocurrencies without having to worry about the security and transparency of transactions.

    Vela Exchange (VELA)

    Vela Exchange is an advanced decentralized exchange that provides a professional trading platform for various cryptocurrencies on Arbitrum. Developed with the goal of the market’s perpetual contract trading needs, Vela is committed to provide users with reliable trading experience and optimizing liquidity. Vela expects to offer users a safe and convenient exchange to trade cryptocurrencies.


    GMX is a non-custodial decentralized exchange (DEX) for spot and perpetual contracts that supports low-swap fees and zero-price impact trades, allowing users to leverage up to 30x. GMX aims to minimize costs and risks for users with its own liquidity pools and trading prices determined by Chainlink’s Oracle, using TWAP from major DEXs. With low transaction costs and high speed of two blockchains, GMX offers a good user experience. It is possible to mobilize a large amount of liquidity without too high a TVL like those using AMM.

    Dopex (DPX)

    Dopex is a decentralized options protocol that aims to maximize liquidity and minimize losses for option writers while maximizing gains for option buyers. One of the most outstanding features of Dopex is Single Staking Option Vaults that allows users to lock up tokens for a specified period of time and earn yield on their staked assets. Users will be able to deposit assets into a contract which then sells your deposits as call options to buyers at fixed strikes that they select for end-of-month expiries. SSOV options are either at the money, out of the money, or far out of the money.

    In addition, Dopex also integrates many unique features such as Yield Farming and Liquidity Mining to help users maximize profits. Dopex has been praised by experts for its safety and reliability, and is backed by many major investors in the crypto industry.

    Treasure DAO (MAGIC)

    Treasure DAO is a decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects. Projects listed on Treasure’s marketplace utilizes MAGIC in their respective metaverses, with each community inventing its own lore and storytelling for this resource. MAGIC, the native token of Treasure, is the sole currency for marketplace transactions. In this way, MAGIC acts as the reserve currency for the entire web of metaverses connected under the Treasure umbrella.

    Gains Network (GNS)

    Gains Network is an innovative DeFi ecosystem of multiple products on Polygon and Arbitrum chains.  Its most prominent feature is gTrade, which is a decentralized leveraged trading platform to facilitate crypto and non-crypto trades. Gains Network aspires to be the leading decentralized trading platform and plans to dive into metaverse.

    Radiant Capital (RDNT)

    Radiant Capital is a multi-chain lending and borrowing protocol built on the layer-2 Arbitrum that allows users to borrow and lend a variety of supported assets across multiple chains. With the goal of becoming the first omnichain money market, Radiant lets users borrow and lend assets on multiple chains thanks to cross-chain interoperability built atop Layer Zero through Stargate’s interface.

    Radiant Capital’s main aim is to consolidate this fragmented liquidity and provide a faster and more seamless experience for borrowing and lending. With cross-chain interoperability based on LayerZero and Stargate routers, Radiant Capital allows users to collateralize assets on one chain and borrow money on another in a more convenient and secure way.

    Jones Dao (JONES)

    Jones Dao is a decentralized project on the Arbitrum that helps maximize yield for users and protocols who do not want to actively manage their options investments and treasury assets. The project focuses on providing diversified financial solutions, including Lending, Borrowing and Asset Management.

    Jones DAO possesses its governance token – JONES, which has various use cases. This token can decide specific protocol issues, like integrating new vaults, distribution of incentives, liquidity rewards, etc.

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