Arbitrum, a layer-2 scaling solution for Ethereum, has announced that it will be funding two decentralized exchanges (DEXes), Pancakeswap and GMX. The funding will be used to support the development and growth of the two DEXes on Arbitrum. The announcement comes at a time when Arbitrum is competing with other layer-2 solutions, such as Polygon and Optimism, to attract users and developers. By funding Pancakeswap and GMX, Arbitrum is hoping to attract more users and developers to its platform.