{"id":48643,"date":"2021-08-31T18:38:49","date_gmt":"2021-08-31T15:38:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48643"},"modified":"2025-09-02T03:16:59","modified_gmt":"2025-09-02T00:16:59","slug":"arbitrum-developers-launch-mainnet-for-ethereum-scaling-solution","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arbitrum-developers-launch-mainnet-for-ethereum-scaling-solution\/","title":{"rendered":"Arbitrum developers launch mainnet for Ethereum scaling solution"},"content":{"rendered":"<p>The team behind the Ethereum layer-2 solution Arbitrum, Offchain Labs, <a href=\"https:\/\/www.prnewswire.com\/news-releases\/offchain-labs-rolls-out-arbitrum-one-ethereum-scaling-solution-to-the-public-and-announces-120m-in-funding-301365642.html\">announced<\/a> the launch of the mainnet and the raising of $120 million from Lightspeed Venture Partners and other investors.<\/p>\n<p>In the Series B financing round, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research and Mark Cuban also participated.<\/p>\n<p>The startup has attained unicorn status with a valuation of $1.2 billion. The total funds raised reached $124 million.<\/p>\n<p>The team will devote the investment to further research and development of Ethereum scaling solutions.<\/p>\n<p>The launch of the Arbitrum One mainnet enables end users to deploy decentralized applications. Previously, access had been limited to developers.<\/p>\n<p>To use the solution, users must first bridge funds from Ethereum to their own wallet within the network via the Arbitrum bridge.<\/p>\n<p>Developers promise more than a 50-fold reduction in costs versus the Ethereum blockchain.<\/p>\n<p>In testing the mainnet, 350 projects expressed interest.<\/p>\n<p>Balancer Labs, a DeFi project, announced on Day 1 that it had integrated with Arbitrum One.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are excited to have the Balancer Protocol live on Arbitrum on Day 1! <\/p>\n<p>Stay tuned for the removal of the whitelist from our mainnet! <a href=\"https:\/\/t.co\/vZ1SofVx8s\">https:\/\/t.co\/vZ1SofVx8s<\/a><\/p>\n<p>\u2014 Arbitrum is hiring (@arbitrum) <a href=\"https:\/\/twitter.com\/arbitrum\/status\/1432708786414882838?ref_src=twsrc%5Etfw\">August 31, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, Arbitrum <a href=\"https:\/\/u1f987.com\/en\/news\/uniswap-users-back-arbitrum-deployment-of-dex-on-layer-2\">was approved<\/a> by Uniswap users.<\/p>\n<p>Arbitrum uses Optimistic Rollups. The technology enables higher throughput than the Ethereum blockchain at lower costs. Transactions are processed on a side chain, batched, and returned to the Ethereum blockchain.<\/p>\n<p>Earlier in May, the social content platform Reddit <a href=\"https:\/\/u1f987.com\/en\/news\/reddit-to-move-tokens-to-ethereum-mainnet-via-arbitrum\">announced<\/a> plans to test Arbitrum for its Community Points program.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Offchain Labs, the startup behind the Ethereum layer-2 solution Arbitrum, announced the launch of the mainnet and a $120 million funding round from Lightspeed Venture Partners and other investors.<\/p>\n","protected":false},"author":1,"featured_media":48644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1335,1227,46,488],"class_list":["post-48643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arbitrum-arb","tag-cryptocurrency-transactions","tag-ethereum","tag-sidechains"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48643"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48643\/revisions"}],"predecessor-version":[{"id":48645,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48643\/revisions\/48645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48644"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}