Robinhood revealed on the ETHDenver convention that its pockets customers can now transact with Arbitrum.
The combination is predicted to facilitate simpler entry to decentralized finance (DeFi) for non-crypto natives by decreasing the complexity of layer-2 transactions.
Arbitrum, an Ethereum layer-2 community, boasts the fourth-largest decentralized finance ecosystem with virtually US$3.3 billion in locked property, in response to DeFillama knowledge.
DeFi, an software of blockchain expertise that permits customers to entry monetary companies by way of good contracts, is commonly focused by hackers and illicit actors as they’re broadly unregulated.
Final yr, the trade witnessed a notable drop in DeFi hacks, in response to Chainalysis.
The blockchain analytics agency reported that hackers stole 63.7% much less crypto property from DeFi platforms final yr in comparison with 2022, however nonetheless managed to loot US$1.1 billion.
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