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Top altcoins continue to display significant correction in their respective portfolio, indicating a bear power. Further, the Arbitrum price has recorded a correction of over 7% in its value within the past 24 hours, making it one of the top losers in the crypto industry for the past day.
Welcome to the future of decentralized gaming innovation with Binance's groundbreaking Launchpool initiative, featuring the eagerly anticipated $XAI – a gaming Arbitrum Layer 3 Chain.
Arbitrum, a Layer-2 solution, has surged ahead in the decentralized exchange (DEX) realm, overshadowing Ethereum in trading volumes.
Arbitrum, a prominent Layer-2 (L2) scaling solution, has been on a remarkable upward trajectory since the launch of its native token, ARB, in March 2023. The past 30 days witnessed a staggering 74% surge in ARB's value, underscoring the growing market interest in the protocol.
Arbitrum just passed Ethereum in terms of decentralized exchange trading volume.
The Layer-2 scaling solution Arbitrum has overtaken Ethereum in terms of decentralized exchange (DEX) volume.
Decentralized exchanges (DEX) transaction volume on Arbitrum, a layer2 network, surpassed that of Ethereum for the first time during the past day, according to DeFillama data. During the reporting period, DEXs on Arbitrum saw their volume soar to $1.843 billion, surpassing Ethereum's $1.444 billion and Solana's $683.59 million.
In a recent update, Arbitrum Orbit has added a cool feature – now, it supports custom gas tokens. This means that on Orbit blockchains, instead of just using Ether as the gas token for transaction fees, developers can choose certain ERC-20 tokens for this purpose.
There is an upswing in social media mention of ARB, the native token of Arbitrum, a layer-2 scaling solution for Ethereum, suggesting growing interest and potential for price gains. According to AlphaScan data on January 4, ARB had the “best sentiment” in the last 24 hours, with more than 40% of all weekly mentions occurring within this timeframe.
The total value locked on Arbitrum One soared above $10 billion on January 3rd, marking a 430% increase year-to-date,
Layer 3 chains: revolutionizing commission payments in transactions
Ethereum Layer 2 network Arbitrum's Orbit platform has added support for custom gas tokens or tokens used to pay for transaction fees.
Just when things were starting to look up for investors, Bitcoin, and other major digital assets tumbled as the business day began in Asia on Thursday. The OG cryptocurrency Bitcoin reversed some gains after zooming past $45,000 earlier this week.
The dominance of Arbitrum in the L2 space has coincided with the increase in the price of the ARB token.
Arbitrum One's recent surge to a $10.22 billion TVL not only marks a major milestone for Ethereum Layer 2 networks but also highlights its growing acceptance and diverse asset portfolio, following a substantial funding journey and robust technology development.
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.
