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<p>The Arbitrum Layer 2 network has been such a resounding answer to the challenges faced on the Ethereum mainnet. Today, you can execute various EVM-compatible smart contracts on the Arbitrum chain - the decentralized and secure way, albeit at a significantly lower cost and faster rate. For this reason, we are seeing new DeFi projects being launched on the network more regularly.</p><p>In this piece, we’ll look at the <strong>best protocols on Arbitrum</strong>, highlighting their best features and various use cases.</p><h2 id="header-0">1. GMX</h2><p>With a TVL of $1.01 billion, <a href="https://gmx.io/" rel="noopener noreferrer nofollow">GMX</a> is the largest decentralized spot and perpetual exchange on the Arbitrum chain. This Layer-2 decentralized exchange offers low swap fees and rich liquidity, guaranteeing zero slippage during trades. Unlike traditional order book models that operate trading pairs, GMX provides liquidity to execute trades via its multi-asset GLP (GMX Liquidity Provider).</p><h3 id="a-href-https-chaindebrief-com-top-10-arbitrum-protocols-to-look-out-for-in-2023-rel-noopener-noreferrer-nofollow-find-out-more-in-our-full-article-here-a"><a href="https://chaindebrief.com/top-10-arbitrum-protocols-to-look-out-for-in-2023/" rel="noopener noreferrer nofollow">Find out more in our full article here.</a></h3>

Top 10 Arbitrum Protocols to Look Out for in 2023

Top 10 Arbitrum Protocols to Look Out for in 2023

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