Balancer launched on Arbitrum Balancer Protocol announced i | ССenter – Blockchain and Bitcoin

Balancer launched on Arbitrum

Balancer Protocol announced in official sources that in order to reduce costs and increase liquidity, it has launched on the Ethereum Layer 2 scaling solution Arbitrum, which was launched today. Users can use Arbitrum to trade in the Balancer app.

Balancer Protocol began supporting the Layer 2 Arbitrum scaling solution to significantly reduce gas costs and scale liquidity. In the Ethereum Layer 2 ecosystem, Arbitrum has established itself as a critical player, gaining recognition from other major DeFi projects after its announcement in June. Balancer Protocol joins Arbitrum on the day of their launch, as users can now trade in the Balancer app using Arbitrum.

As of Aug. 31, 2021, DeFi has $84 billion locked in, creating an incredible opportunity for expansion projects.