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Ethereum is up significantly today, but the tokens behind projects that make the ecosystem faster and cheaper to use are doing even better.

The trading period in 2023 was marked by a significant rise in the demand for and usage of Ethereum scaling solutions.

Ever since Solana's price has risen above the narrow consolidation, the markets have witnessed a steep shift from the top crypto, Bitcoin. The BTC price has been trading below $44,000 for over a week now, as the bulls appear to be waiting for a fresh catalyst to lift the price above $45,000.

After experiencing a sensational year of trading in the crypto industry, we are now on a path to experience another rollercoaster ride of trading in 2024.

Sebastien Guillemot, co-founder of DcSpark and Paima Studios, recently spoke about a potential collaboration in 2024. Guillemot, a software engineer and a Cardano community member, noted in a post on X, “Expect more projects that combine Arbitrum with @cardano and @MinaProtocol in 2024.

In a recent update, Sebastien Guillemot, the lead developer of Cardano, indicated potential significant advancements for the blockchain in the year 2024. This comes in the wake of a recent decrease in positive sentiment towards Ethereum.

In a recent X post, Cardano's lead developer, Sebastien Guillemot, hinted at groundbreaking developments for the blockchain in 2024. Amid the recent downturn in Ethereum sentiment, Guillemot expressed enthusiasm about working with Arbitrum, hinting at an imminent fusion of Cardano with Arbitrum and Mina Protocol.

Meme coins are still making the rounds across various blockchains and have managed to become an integral part of crypto investing. With each chain and its supporters, there have been different meme coins that have made the rounds, giving outstanding performances, and making investors a lot of money.

Arbitrum's gaming network, Xai, has created significant buzz since its announcement in June 2023, and it's gearing up for a notable event – the season one token airdrop scheduled for December 27, 2023.

As Bitcoin takes the helm in steering the crypto market towards a recovery path, several altcoins have begun to shine with remarkable growth. Optimism (OP), Oasis Network (ROSE), and Arbitrum (ARB) are among the standout tokens that have exhibited substantial surges in the last 24 hours, prompting investors' attention amid an overall positive market sentiment.

In a dynamic revival of the crypto market, altcoins have surged impressively, mirroring the recovery momentum led by Bitcoin. Notably, tokens like Optimism (OP), Oasis Network (ROSE), and Arbitrum (ARB) have stolen the spotlight with significant gains in the past 24 hours.

The crypto market continues to display significant price fluctuations, resulting in top cryptocurrencies recording high volatility in their respective prices. Further, the Arbitrum price has added over 15% to its portfolio within the past 24 hours, making it one of the top gainers of the day.

CoinMarketCap charts on Dec. 22 show Optimism, Oasis Network, and Arbitrum are the day's top crypto gainers, with over 18% growth each.

Crypto Price Prediction: The crypto market witnessed a bullish upswing this week as we near 2024 with high confidence toward the potential approval of Bitcoin spot ETF. The top two leading crypto Bitcoin and Ethereum affirmed the positive sentiment with an 8-10% weekly gain.

Arbitrum (ARB) crypto price has staged a strong recovery as the crypto bull run continues and it continues gaining market share. The ARB token soared to a high of $1.3600, its highest point since May 6th.

The price of ARB continues to be in difficulty, but the usage of Arbitrum is growing.

EVM Inscriptions cause a spike in Arbitrum's on-chain traffic.

Decentralized gaming ecosystem Aurory, built on the Solana blockchain, reportedly fell victim to a breach on December 17.

Arbitrum, a layer-2 blockchain on Ethereum, announced on Friday that its systems were back to full functionality following a temporary outage.

According to initial reports and on-chain data, the attack targeted Aurory's SyncSpace bridge, draining nearly 80% of the AURY-USDC pool's liquidity.

Before the incident, 90% of transactions on Arbitrum were inscriptions, highlighting the significant impact of the surge. The surge overwhelmed the network, leading to the sequencer's intervention.

Arbitrum (ARB), a popular Ethereum (ETH) layer-2 scaling solution, suffered a major outage on Friday morning amid a “significant” surge in network traffic. The protocol's sequencer, which is responsible for ordering users' transactions, stalled at 7:29 a.m. PST and didn't resume operations until 8:57 a.m., according to Arbitrum's status page.

Arbitrum (ARB) faced a partial outage on Friday due to a surge in transaction traffic that impacted the layer-2 blockchain's sequencer. The sequencer, often described as an “air traffic control” for determining transaction priority on layer-2 networks like Arbitrum, experienced a stall during a significant increase in network activity.

Although it has been resolved for now, Arbitrum was put under pressure by inscription transactions.