Arbitrum, a layer 2 (L2) blockchain, is facing challenges with its memecoin ecosystem despite positive aspects like TVL/liquidity. The ecosystem has been criticized for fragmentation and degen activities, with some memecoins struggling to gain traction. Despite potential partnerships and upgrades, Arbitrum's memecoin market cap remains low compared to its competitors, leading to concerns about its performance during the current bull run.
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can someone tell the Arbitrum chain we're in a bullrun the memes are anchored below $10M mcap ARB done nothing but go down against ETH GMX token underperforming the dollars in my savings account
I think Arbitrum has a chance of emerging as the next memecoin ecosystem due to a variety of compelling narratives lining up: - Robinhood wallet partnership - Dencun upgrade - Largest liquidity base of any L2 - Low valuations My thoughts 🧵👇
Arbitrum memecoin szn 2.0 not off to a great start after we couldn’t even last one weekend before descending into the PvP games that nuked us in December. Study growing the pie.
Arbitrum has awesome products, great TVL/liquidity, etc but the fact that its memecoin ecosystem has been in perpetual shambles is disappointing A shitter going to 100mil mcap is proof of degen activities A successful chain needs moonboy gamblers
They keep talking about L2 liquidity fragmentation, but the real problem for adoption is memecoin fragmentation https://t.co/oHiy7HVFQo