Hassan Maishera
On Wednesday, the Arbitrum team announced via X that Clutch, formerly Smoovie Phone, has launched on Arbitrum One. Clutch is a powerhouse utility protocol that combines prediction markets with decentralized primitives.
Clutch’s move to Arbitrum One will allow its users to leverage Arbitrum One’s deep liquidity and expand its reach. The platform allows users to combine multiple outcomes for compounded odds, all seeded in real-time directly from Polymarket's data.
Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is up 12% today and is trading at $0.4219.
