Why Hedgehog Protocol will be deployed on Arbitrum
We are happy to announce that the Hedgehog Protocol will be deployed on Arbitrum!
TL:DR
Why?
Arbitrum is the main EVM hub for DeFi and derivatives. And its infrastructure allows us to enhance our platform’s scalability and cut down transaction costs for our users.
Let’s get deeper into it, here’s why Arbitrum is the perfect choice for our deployment:
Why Arbitrum?
Scalability and Speed: Arbitrum significantly enhances transaction throughput, achieving speeds of up to 40,000 transactions per second, compared to Ethereum’s 14 transactions per second. This dramatic increase ensures that our users experience near-instant transactions, a critical factor for the seamless operation of DeFi protocols.
Cost Efficiency: One of the primary advantages of Arbitrum is its cost-effectiveness. Transactions on Arbitrum cost only a fraction of what they do on the Ethereum mainnet, with fees as low as two cents per transaction. This makes it a highly economical option for users and developers.
Robust Ecosystem: Arbitrum hosts a vibrant and growing ecosystem with over 80 dApps already deployed, including leading platforms like SushiSwap, Camelot, Aave, Pendle, Uniswap, Curve, and GMX. This extensive network of DApps ensures ample opportunities for integration and collaboration, enhancing the overall utility and reach of Hedgehog Protocol.
Optimistic Rollup Technology: Arbitrum utilizes Optimistic Rollup technology, which assumes transactions are valid by default and only performs a detailed check if a fraud proof is submitted. This method is more cost-effective and efficient, allowing for higher throughput and lower fees compared to other solutions.
Developer-Friendly Environment: Arbitrum is fully compatible with the Ethereum Virtual Machine (EVM), making it straightforward for developers to port their existing Ethereum-based DApps to Arbitrum without any modifications. This compatibility ensures a smooth transition and fosters innovation within the ecosystem.
Strong Community and Support: The Arbitrum community is known for its active engagement and support, providing a robust foundation for new projects. This community-centric approach aligns perfectly with Hedgehog Protocol’s vision of creating a collaborative and inclusive DeFi environment.
Market Leadership in DeFi Derivatives: Arbitrum has consolidated itself as the go-to EVM for DeFi, especially derivatives. It consistently generates over $1 billion of derivatives volume per day and over $10 billion per week. This is more than the combined volume of the Ethereum Mainnet, Optimism, Base, Polygon, and BSC. Even more impressive is that the Ethereum mainnet generates just a little over $300,000 per day.
Conclusion
Deploying on Arbitrum marks a significant milestone for Hedgehog Protocol as we strive to provide our users with the best possible DeFi trading and gas fees hedging experience.
With Arbitrum’s tech and vibrant ecosystem, we are able to offer faster, cheaper, and more efficient solutions for managing gas fees and participating in the DeFi in general. Stay tuned for more updates as we finish our auditing process and prepare for this exciting launch!
About Hedgehog Protocol
Synthetic Blockspace. Trade BaseFee and hedge your gas costs ⛽️ Derivatives markets for degens, rollups, and account abstraction 🦔
