Pantera Capital Says One Ethereum Layer-2 ‘High on the List’ of New Crypto Opportunities


Digital assets-focused funding agency Pantera Capital thinks one Ethereum (ETH) layer-2 scaling answer ought to sit “excessive on the record” for fundamentals-focused buyers in search of tasks which have made latest traction within the crypto sector.

Cosmo Jiang, a portfolio supervisor at Pantera, notes in a brand new evaluation that Arbitrum (ARB) has taken “significant market share” when it comes to transactions previously yr and has been one of many few chains to show transaction progress within the ongoing bear market.

Supply: Pantera

Jiang argues that Arbitrum has successfully contributed to the entire incremental progress within the Ethereum ecosystem this yr.

“Arbitrum’s community flywheel is spinning. Based mostly on our subject analysis, it’s evident that builders are interested in the growing utilization and person base that exists on Arbitrum. That is the optimistic community flywheel: extra customers interprets into extra builders being all in favour of creating new functions on Arbitrum, which in return attracts extra customers.”

The portfolio supervisor additionally notes that Arbitrum is a worthwhile protocol that has a market capitalization much like different layer-1s and layer-2s which solely see a fraction of its utilization and revenue.

ARB is buying and selling round $0.8104 at time of writing. The Forty second-ranked crypto asset by market cap is down 0.86% previously 24 hours.

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