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The price rise was not the only notable development. What else is there?

Arbitrum (ARB), a layer 2 (L2) protocol has achieved yet another major milestone in its Total Value Locked (TVL) reaching new heights, following a surge in the crypto asset's price. Arbitrum Sees Surge In Total Value Locked (TVL) According to the L2beat platform, Arbitrum's TVL recently went past the $10 billion mark putting it in the spotlight.

The crypto market experienced a sharp downturn on January 3rd, with most major cryptocurrencies painted red. Bitcoin, the leading digital currency, suffered a significant blow, dropping 6-7% to retreat to the $43,000 level.

Arbitrum One's success stems from low transaction costs and Ethereum-like experience, attracting 470+ dApps.

In a groundbreaking development for the decentralized finance (DeFi) ecosystem, Arbitrum One has soared to new heights by surpassing the $10 billion total value locked (TVL) milestone, marking a significant milestone in the realm of layer-two (L2) scaling solutions.

In a recent high-profile security incident, Radiant Capital, a prominent cross-chain lending protocol, has temporarily suspended its lending and borrowing markets on the Arbitrum network. This move comes in the wake of a sophisticated $4.5 million exploit (equivalent to 2337 ETH) targeting its newly launched USDC Coin (USDC) markets.

Transaction volumes on the network overtook those for Solana-based applications, which boomed after a meme coin-led frenzy in December.

Decentralized finance (DeFi) lending protocol Radiant Capital temporarily paused its operations on the Ethereum layer2 network Arbitrum after it was exploited for 1,900 ETH, or $4.5 million. In a Jan.

An all-time record for Total value locked (TVL) was recently set on the Arbitrum One platform.

Radiant Capital, a prominent cross-chain lending protocol, has temporarily suspended its lending and borrowing markets on the Arbitrum blockchain due to a substantial security breach. Reports indicate that a flash loan attack resulted in the unauthorized withdrawal of approximately $4.5 million in Ether from one of its newly established USDC Coin (USDC) markets.

Blockchain security firms said the issue was caused by a “known rounding issue” in the codebase.

Arbitrum (ARB), a prominent Layer 2 (L2) protocol, has emerged as one of the top gainers in the past month, experiencing a remarkable surge of 59%. Over the past 7 days, the token has grown substantially over 31%, propelling it to reach a new all-time high (ATH) of $1.8391 on Monday.

A surge in the age consumed metric would denote a large movement of previously dormant ARB tokens.

Closely followed crypto strategist and trader Michaël van de Poppe is naming the top five altcoins he is bullish on in 2024. In a new strategy video, Van de Poppe tells his 162,000 YouTube subscribers that his first top altcoin choice this year is the smart contract platform Ethereum (ETH).

Crypto analyst Rekt Capital suggests that the altcoin season could be on the horizon. In a recent post on X, a popular platform, the analyst used a chart to explain that whenever Altcoin Market Cap successfully underwent two historical retests, a third retest usually followed in the weeks that came after.

The altcoin season is beckoning, according to the latest insights by crypto analyst, Rekt Capital. In a post on X, the widely followed trader while highlighting with the help of a chart, reckoned that “every time Altcoin Market Cap performed two historic retests successfully,” there was a likelihood for “a third retest followed in the

Curve Finance, a leading player in the decentralized finance (DeFi) space, has recently announced the launch of its crvUSD pool on the Arbitrum network. The significant development marks Curve's expansion into one of the fastest-growing Layer 2 solutions in the blockchain industry.

An exciting rise towards historical highs in the cryptocurrency market

The Arbitrum and Optimism tokens recorded significant price rallies over the past month — currently trading near their all-time highs.

Arbitrum One has set a new record as Total Value Locked (TVL) reaches $9.9 billion.

The biggest January crypto predictions deal with Chainlink (LINK), BNB, and Ethereum (ETH) layer-2 scaling solutions.

The cryptocurrency market constantly evolves, with altcoins often stealing the spotlight from their well-known counterpart, Bitcoin. As one ventures into 2024, experts in the field have identified several altcoins that hold significant potential.

Despite early struggles, Shiba Inu's Shibarium outperforms in various aspects. CoinGecko data shows Base, Optimism, zkSych, and Arbitrum as the fastest-growing layer2 blockchains. Shibarium attains 1M addresses milestone quicker CoinGecko revealed the timeframe it took leading layer2 platforms that attained 1 million active addresses.

The Ethereum Layer 2 transactions skyrocketed by over 330% in 2023 compared to the last year. In recent months, Ethereum's scaling solutions have experienced a notable uptick in interest, marked by the frequent introduction of new Layer 2s (L2s).