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With the activation of the ArbOS 20 upgrade, dubbed “Atlas,” Arbitrum has ushered in a new era of reduced transaction costs and heightened efficiency. At the heart of this upgrade lies the implementation of blobs, a novel approach to data processing that promises to streamline operations while significantly lowering associated costs.
This update comes from the crypto analytics platform Messari, which reports that Arbitrum will unlock precisely 1,111,750,000 ARB tokens, representing 11.2% of its total allocation, during the Token Generation Event (TGE). Arbitrum Token Unlock Details and Market Dominance In the upcoming token unlock event, the Offchain Labs team and advisors are slated to receive 673,500,000 ARB tokens, representing approximately 6.74% of the total tokens allocated during the Token Generation Event (TGE).
Ethereum-based Layer-2 (L2) scaling protocol Arbitrum (ARB) is set to unlock more than 1.1 billion tokens in line with its vesting schedule. According to an update from the crypto analytics platform Messari, Arbitrum is set to unlock exactly 1,111,750,000 ARB or 11.2% of its total allocation to vesting schedules at the Token Generation Event (TGE).
Arbitrum's Atlas upgrade has been activated, adding support for Ethereum Dencun and targeting a 10-fold reduction in layer 2 base fee.
Recent developments suggest otherwise. Despite the substantial influx of tokens set to hit the market, bullish sentiment prevails among investors.
TL;DR Arbitrum will unlock over $2 billion in ARB tokens, which could spark a huge sell-off. The unlock represents 87% of ARB's current circulating supply. Cryptocurrency investors and traders should be cautious about the possibility of a drop in ARB price.
Arbitrum (ARB) investors have a challenging week ahead with a possible sell-off of over $2 billion in its token. This is part of Arbitrum's unlocks from the Genesis distribution, summing up to the usual proof-of-stake (PoS) issuance.
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TL;DR The Dencun upgrade introduces EIP-4844, promising to reduce transaction costs on Layer 2 chains. Offchain Labs implements EIP-4844 on Arbitrum with the ArbOS 20 “Atlas” update to reduce transaction costs on the network.
Despite the large number of tokens set to be released, market players are sticking to the bullish side.
At the heart of this momentous event lies the release of 1.11 billion ARB tokens, representing a substantial portion of the token's circulating supply. This release is set to unlock value worth $2.26 billion, making it one of the largest token unlocks in the history of cryptocurrency.
Offchain Labs implements EIP-4844 on Arbitrum, unleashing blobs on the popular Ethereum Layer 2.
The Dencun upgrade has led to heightened volatility for Layer-2 tokens.
The foundation behind the Arbitrum blockchain wants to create a robust ecosystem full of new video games.
Offchain Labs has successfully launched the Atlas upgrade within the Arbitrum ecosystem. This update signifies significant progress in the quest to minimize transaction costs on Ethereum Layer 2 solutions.
Since the Dencun upgrade, L2s have already seen a decline in transaction fees.
Arbitrum developers will reduce the cost of layer-2 transactions by 10 times, with gas fee reductions going live on March 18.
Arbitrum has successfully implemented the update called "Atlas", which introduces the use of blobs.
Offchain Labs has rolled out support for the Dencun upgrade in the Arbitrum ecosystem with the Atlas upgrade.
The indexing layer is also expanding to Avalanche and Celo.
Ethereum's recent Dencun upgrade has significantly reduced transaction fees across various Layer 2 (L2) networks.
In the bustling realm of cryptocurrencies, Arbitrum finds itself navigating choppy waters as two major institutions recently unloaded millions worth of its tokens, triggering a 5% drop in its price. While the broader market exhibited bullish tendencies, Arbitrum's daily chart painted a sobering picture, cloaked in hues of red.
In a move set to reverberate across the cryptocurrency landscape, the Arbitrum network is gearing up for one of the most significant token unlocks of 2024. On March 16, a staggering 1.11 billion ARB tokens are slated to hit the market, constituting a substantial 76.62% of the network's circulating supply.
Trading platform Robinhood announced recently at ETHDenver that it will allow users of its Robinhood Wallet to access swaps on Arbitrum, a layer-2 blockchain atop Ethereum. AJ Warner, Chief Strategy Officer at Offchain Labs, joins Robinhood Crypto General Manager Johann Kerbrat on "First Mover" to discuss the partnership and their outlook for Layer 2 developments and user onboarding.
