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The blockchain landscape is witnessing a transformative change as Arbitrum Orbit incorporates Celestia, aiming to redefine the realm of blockchain data management. Arbitrum, celebrated as a vital Ethereum scaling solution, has burgeoned into one of the titanic chains gauged by total value locked (TVL), boasting a hefty $1.
Arbitrum is an Ethereum scaling solution and is one of the largest chains by TVL today
The Arbitrum Foundation announced the integration of Celestia, the first modular data availability network, into its Orbit software stack.
In a recent announcement, PancakeSwap has unveiled its astonishing achievement, as their Perpetual V2 platform, now residing on the Arbitrum network, has witnessed an incredible surge, surpassing an impressive milestone of $200 million in cryptocurrency trading volume. This extraordinary accomplishment is a testament to the unyielding commitment and dedication of the global cryptocurrency community.
In a startling turn of events that sent shockwaves through the crypto community, the crypto market experienced a frenzy of activity on October 16. Offchain Labs, a prominent player in the blockchain space, initiated a deposit of a staggering 20 million ARB tokens onto the Coinbase exchange, valued at approximately $16.24 million.
The hike in liquidity implies that there has been a lot of token bridging on the Arbitrum chain. One reason for the increase could be the grants the project's issues lately and more.
Out of 100 applicants, Arbitrum chose to focus on derivative protocols and decentralized exchanges. However, approved projects need to report on their respective progress regularly.
Crypto hack frenzy continues: Beluga AMM loses $175K in latest attack. Over $1B have been stolen in 2023.
As the $40 million Arbitrum grant program comes to an end, the perpetual trading platform GMX secured the largest payout. However, liquid staking platform Lido walked away empty-handed.
Arbitrum blockchain-built crypto projects have raised as much as $40 million in ARB tokens through the new STIP short-term incentive program. GMX appears to have garnered the most support with 12 million ARBs, the equivalent of $10 million, followed by the Gains Network project.
Arbitrum's first grant application round has concluded, with 29 projects set to collectively receive 49.6 million ARB tokens ($40 million).
Arbitrum projects will receive token grants that may help attract new money to the popular blockchain.
Security firm PeckShield says the exploiter has transferred the stolen funds to the MEXC crypto exchange. Multichain stableswap protocol Beluga has become the latest victim in a number of cyber attacks against decentralized finance (defi) projects.
Recent transactions by Arca, a prominent investment firm, involving Arbitrum native token ARB, have again put them under the spotlight. According to on-chain tracking platform Lookonchain, the firm has suffered a substantial loss nearing half a million recently.
In a bid to secure grant funding from Arbitrum, Lido has set its sights on bringing its colossal staked ether product to the layer-2 ecosystem. However, the Arbitrum governance community appears to be divided on the matter, setting the stage for a closely-watched decision.
Lido Finance's $4 million ARB grant proposal on Snapshot has become a battleground over the project's purported centralization concerns.
Lido hoped to draw Arbitrum grant funding with the allure of bringing its behemoth staked ether product to the layer-2. But so far, the Arbitrum governance community is almost evenly split.
By now, Bitcoin has grown to the point where crypto investors do not expect very large returns from it and are now looking toward altcoins that could provide the kind of returns they seek. However, with thousands of altcoins circulating in the crypto market, it can become quite hard to pick the coins that could end up doing well.
The emergence of a Social Finance app on Avalanche seems to have affected Base activity negatively. As a result, other L2s are outpacing the project.
In a pioneering move, the Arbitrum DAO has embarked on an ambitious journey, unveiling its Short Term Incentives Program (STIP) funding, aiming to support a whopping 97 diverse projects. This groundbreaking initiative marks the network's second attempt to foster development, following a previous iteration that faced significant community backlash.
In the fast-paced world of cryptocurrencies, Arbitrum has been making headlines with its recent price movements. Over the past four days, ARB has seen a consistent decline, losing 11.5% of its value and slipping below the crucial $0.90 mark, currently trading at $0.85.
Arbitrum DAO published snapshot votes on funding 97 different projects looking to tap into Arbitrum's short term incentives program (STIP) funding.
ARB's drop hit a key confluence area, but bullish effort was feasible if BTC doesn't post more losses.
In the ever-fluctuating world of cryptocurrencies, ARB has recently caught the attention of investors and enthusiasts alike. With a current trading price of $0.93, ARB has seen a minor decline of just over 3% in the last 24 hours.
