Growing Arbitrum Ecosystem

The Arbitrum network has been growing rapidly, with new projects joining the ecosystem to offer innovative solutions for decentralized finance (DeFi) enthusiasts. Among the latest additions are Arbitrum Exchange, Blox Finance, Vox Finance, and FlokiYoga. 

These projects bring a range of unique features to the network, including cutting-edge decentralized exchanges, permissionless liquidity markets, innovative yield-farming protocols, and blockchain-based gambling platforms. In this article, we will take a closer look at each of these projects and explore what they offer.

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Arbitrum Exchange: 

The Arbitrum Exchange is a decentralized exchange (DEX) that uses an automated market maker (AMM). According to the protocol, its lowest fees for swapping cryptocurrencies set it apart from other DEXs. Further, Arbitrum Exchange allows users to stake $ARX and earn 100% of its revenue. 

Users at Arbitrum Exchange reportedly receive the best exchange rates possible, as they are not affected by arbitrage bots, unlike other exchanges.

With $128.49 in TVL, Arbitrum Exchange is the number one native DEX on Arbitrum. Over the course of 10 days, TVL grew 97X from $1.31 million.

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BLOX Finance: 

 BLOX Finance is a new permissionless liquidity platform that uses ve(3,3) governance, initially developed by Andre Cronje and SOLIDLY. BLOX's zero slippage feature scans the liquidity market for the user's trading size, leading to a successful trade with no slippage or a failed trade. 

In addition, 55% of $BLOX will go to liquidity providers and 20% to $veBLOX holders, resulting in a deep liquidity cycle. BLOK Finance held its public offering of its native $BLOX on March 18 and continued until March 25.  

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Vox Finance: 

The protocol went live on Arbitrum on March 1. According to the protocol, Vox Finance offers a sustainable approach to yield farming that prioritizes long-term growth and stability.

Tokens for the protocol have been designed to encourage long-term investments and provide stable liquidity for the platform. Additionally, the platform offers a range of innovative features that enhance the user experience and support ecosystem sustainability. Among them are automatic buybacks, reinvestments, and other features, all contributing to Vox Finance's overall stability and growth. 

Vox Finance ($VOX) is currently trading at $89.05, up 4.10% in 24 hours.

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Floki Yoga: 

The Floki Yoga platform combines blockchain technology with a gambling platform, allowing users to gamble and use DeFi features. In addition, by holding its native $FLY tokens, users can acquire daily income and mine $FLY tokens. 

According to the protocol, the main difference between Floki Yoga and traditional gambling sites is that $FLY tokens are used to earn passive income. Additionally, $FLY holders benefit from daily fixed bonuses distributed by the platform and higher event bonuses. 

A presale for Floki Yoga's native $FLY token took place on OreoSwap on March 26. Staking for $FLY went live on March 29. Additionally, Floki Yoga will soon launch its NFT marketplace.

The Arbitrum ecosystem continues attracting innovative projects pushing the boundaries of decentralized finance. As the TVL on Arbitrum continues to grow rapidly, it is exciting to see these projects add to the ecosystem's vibrancy and diversity. 

With more projects expected to launch in the coming months, the Arbitrum network is poised to become a leading hub for decentralized finance, offering users unparalleled opportunities to participate in the future of finance.

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What is Arbitrum:

Arbitrum is an Ethereum layer-2 network that enables developers to build and deploy highly scalable smart contracts at low cost. You can use Arbitrum chains to do all the things you do on Ethereum — use Web3 apps, deploy smart contracts, etc., but your transactions will be cheaper and faster. The flagship product for the team, Arbitrum Rollup, is an Optimistic rollup protocol that inherits Ethereum-level security.

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