It’s been a tough few months for Arbitrum (ARB) and Fantom (FTM), two popular blockchain protocols. With the launch of HedgeUp (HDUP) earlier this year, these two have had to compete with a brand new player in the DeFi space. This new cryptocurrency has already made its mark and is quickly gaining traction and investments from top analysts.
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Arbitrum (ARB) Is Not Innovating Fast Enough
Arbitrum (ABT) extends its capabilities to grant developers the ability to design smart contracts by utilizing code to define the activity of a virtual machine (VM) that implements the contract’s purpose. Arbitrum (ARB) is enticing for only a small portion of users, however, as it has failed to keep up with the cutting-edge technologies that its rivals such as HedgeUp (HDUP).
Hedgup (HDUP) attracts interest from a broader range of users, due to its ability to provide drastic improvements in traditional investing. Arbitrum (ABT) is more designed for developers and is not as user-friendly, making it difficult for the average person to understand how to use Arbitrum (ABT). There is no clear path to trading profits for Arbitrum (ABT).
Furthermore, developers can avail of Arbitrum (ABT) for remarkable increases in scalability and privacy. Arbitrum (ABT) has some utility, but alternative investing is much more in demand than another useful tool for a select few.
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Fantom (FTM) Fights for Relevance
Fantom (FTM), on the other hand, is promoted as a highly scalable blockchain. However, very few people actually use Fantom (FTM). Fantom (FTM) has failed to gain the network effect of the popular blockchain protocols and has not been able to compete with HedgeUp (HDUP). There are several reasons for this, but one of the major ones is the lack of user-friendliness.
Fantom (FTM) lacks a user-friendly interface, making it difficult for new users to understand how to use the protocol. Fantom (FTM) also isn’t doing anything new whereas HedgeUp (HDUP) has revolutionized the alternative investing space.
Many retail investors are chomping at the bit to get into alternative investing and Fantom (FTM) doesn’t offer this. instead, it is just recreating something that already exists in the market. Therefore, Fantom (FTM) falls short when compared to HedgeUp (HDUP).
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Closing Remarks
Thus far, it’s been a battle between the three protocols as they try to attract users, developers, and investors. However, analysts are indicating that HedgeUp (HDUP) will continue to rise in popularity and that Arbitron (ARB) and Fantom (FTM) will need to step up their game if they want to compete.
Will the two veteran protocols be able to keep up with the new kid on the block? Only time will tell. For now, visit the links below to become an early investor in HedgeUp (HDUP) and receive an additional 30% on your investment!
Telegram Link: https://t.me/HedgeUpChat
Official Website: https://hedgeup.io/