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description: Lifting Off on Arbitrum
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# Home on Arbitrum

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## Our Thesis

We believe that by 2024, there will be more projects built on Arbitrum than on most L1s. We strongly believe in this thesis and are working towards a future where Parallax can help grow the Arbitrum ecosystem.

**Here are our top 10 reasons why we believe in an Arbitrum-led future:**

1. **Ethereum network congestion**&#x20;

As the Ethereum network continues to face scalability issues, high gas fees, and network congestion, Layer 2 solutions like Arbitrum become increasingly attractive to developers and users.

2. **Optimistic rollups technology**&#x20;

Arbitrum uses optimistic rollups, which significantly improve transaction throughput, making the platform more scalable and usable.

3. **Compatibility with Ethereum**&#x20;

Arbitrum is designed to be compatible with Ethereum, making it easier for developers to migrate their existing smart contracts and applications with minimal changes.

4. **Developer adoption**&#x20;

The simplicity of deploying applications on Arbitrum encourages developers to choose the platform for their projects, contributing to its growth.

5. **User experience**&#x20;

Arbitrum's faster transactions and lower fees can significantly improve the user experience, making it more appealing to users and driving adoption.

6. **Interoperability**&#x20;

Arbitrum's commitment to interoperability with other Layer 2 solutions and blockchains promotes collaboration and encourages wider adoption of the platform.

6. **Security**&#x20;

Arbitrum leverages Ethereum's security infrastructure, providing users with confidence in the platform's reliability and trustworthiness.

6. **Growing DeFi ecosystem**&#x20;

As the decentralized finance (DeFi) ecosystem expands, the need for scalable solutions becomes more critical. Arbitrum's ability to facilitate high-throughput transactions makes it an attractive option for DeFi projects.

6. **Support from the Ethereum community**&#x20;

Arbitrum has garnered support from key figures within the Ethereum community, which helps build credibility and promote adoption.

6. **Continuous development and innovation**&#x20;

The team behind Arbitrum is dedicated to continuously developing and refining the platform, ensuring it remains at the forefront of Layer 2 solutions and stays competitive in the rapidly evolving blockchain industry.
