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Large transaction volumes have dropped from a weekly high of 342 million to 93 million.

Some 63% of web3 whitehats now consider hacking to be their primary job, up from 56% in 2023, according to Immunefi.

Layer 2 blockchain Arbitrum is doubling down on Asia with a “strategic bet” on the region's growth.

The crypto weekend witnessed ease from the border market selling pressure fueled by the escalating conflict between Israel and Iran. As Bitcoin holds support above $60,000, most major altcoins, including ARB.

Ubisoft, in partnership with Magic Eden and Arbitrum Foundation, is launching a 10,000-piece NFT collection for the upcoming game Captain Laserhawk: the G.A.M.E.

Magic Eden will soon be minting Ubisoft's upcoming 10,000-piece NFT collection on the Ethereum scaling network Arbitrum to give holders early access to the new game. Minted on the Ethereum layer-2 scaling network Arbitrum, the new Niji Warrior ID NFTs unlock early access to the top-down shooter, enable participation in the game's governance model and

TL;DR Magic Eden and Ubisoft have launched a collection of NFTs based on “Captain Laserhawk: The GAME” on the Arbitrum blockchain. The collection consists of 10,000 NFTs that offer rewards and participation in game governance decisions. This collaboration represents Arbitrum's first mint at Magic Eden.

Holding an NFT for the multiplayer shooter game gives users access to rewards, content generation and influence over governance decisions.

Arbitrum One, a leading Ethereum Layer 2 solution, has achieved over 1 billion transactions since launching its mainnet in August 2021, highlighting its growing dominance in the Layer 2 sector.

Arbitrum One leads in total value locked (TVL) among Layer 2 solutions, currently boasting $14.3 billion.

TL;DR Arbitrum has surpassed 1 billion transactions since its launch in August 2021, establishing itself as the leader in Layer 2 protocols. With a total value locked (TVL) of $2.5 billion, it positions itself ahead of Base, which has a TVL of $2.2 billion.

Arbitrum recently made headlines by breaking 1 billion transactions, a monumental number for decentralized finance. Data coming in from GrowThePie reveals that operations in DeFi alone make up over 20% of all transactions; the layer 2 scaling solution proves to be widely relevant to Ethereum.

Arbitrum One has recorded a total of 1 billion transaction, a feat it attained after 3 years of launch.

Key points:

Arbitrum One, a Layer 2 rollup for Ethereum, has surpassed 1 billion transactions since its mainnet launch in August 2021.

Arbitrum has more than 1B cumulative transactions, of which close to 20% went to DeFi activity. Arbitrum achieved organic growth after launching as a high-profile VC-backed project.

Addressing common misconceptions about Timeboost, a new transaction ordering policy proposed for Arbitrum chains, and clarifying its impact on MEV and transaction ordering.

Top US-based crypto exchange Coinbase is teasing its new wrapped version of Bitcoin (BTC) to Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). In a new announcement on the social media platform X, Coinbase Assets tells its audience that Coinbase Wrapped Bitcoin (cbBTC) is “coming soon” to the smart contract platform Arbitrum.

Base has breached the $2 billion threshold in total value locked (TVL) for the first time since its launch, as the Coinbase low-cost Layer-2 (L2) continues to record a significant rise in activity.

Competition among Layer 2 networks on Ethereum is heating up. Base, a Layer 2 solution developed by Coinbase, is currently experiencing explosive growth that could lead it to surpass Arbitrum, the current leader in this space.

The daily transaction count on Base is currently two-fold that of Arbitrum.

The cryptocurrency market traded in the green over the past few sessions amid the recovering global economy. As digital assets stole the show with significant surges over the past week, Arbitrum (ARB) was among the top performers, outshining Bitcoin's 6.35% weekly gain with a 20% increase on its seven-day chart.

TL;DR Community-Driven Decision: Treasure DAO is migrating from Arbitrum to ZKsync following an overwhelming community vote. Key Motivations: The move is driven by ZKsync's superior scalability, cost-effectiveness, and enhanced gaming potential, aligning with Treasure DAO's vision for mass adoption.

Singapore, Singapore, 18th September 2024, Chainwire