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Recent reports reveal that the Graph, a platform used for indexing and querying blockchain data, is in the final stages of migrating to Arbitrum, a popular Ethereum layer-2 protocol. Following this announcement, GRT, the native token of the indexer, is up 13% in four days, per the candlestick arrangement in the daily chart.
The much-awaited Arbitrum airdrop, which aims to empower the community and decentralize the network, has increased on-chain activity, including transactions and daily users. Data shows a slow fall in the number of new wallets making their first transaction, despite the initial euphoria, indicating a struggle in maintaining new user growth.
The Graph, a blockchain data indexing and query protocol, has started the final phase of its transition process to Arbitrum, a layer-2 scaling solution operating on Ethereum.
Typically, for the majority of blockchains, all metrics of on-chain activity and value transfer decline sharply after the dust settles post-airdrop. When the "tourists" and "airdrop hunters" are gone, they only mirror the actual utility of L1 or L2.
The Graph has begun the final phase of its migration to the Ethereum Layer 2 network Arbitrum to enhance scaling capabilities.
The Graph, a blockchain indexing protocol founded in 2018, is fully migrating to the Arbitrum network from Ethereum on Tuesday.
The transition is aimed at reducing barriers of entry for The Graph's users by decreasing gas costs and speeding up transactions.
The number of new wallets making initial transactions has gradually decreased post-airdrop, indicating a decline in new user adoption following the event.
Arbitrum's airdrop on 23 March 2023 unquestionably raised the share of on-chain assets in the network by bringing in capital from the Ethereum blockchain.
Arbitrum halts as Optimism upgrades — check out the biggest DeFi news in our comprehensive weekly roundup.
In the ever-evolving world of cryptocurrencies, Arbitrum has emerged as the preferred destination for capital flowing away from Ethereum. Recent data analysis indicates a notable shift in investor preferences, with an increasing number of users flocking to Arbitrum for its enhanced scalability and decentralization features.
Amidst the regulatory upheaval, Arbitrum continues to dominate the layer-2 landscape.
In a significant development within the world of cryptocurrencies, USDC, a leading stablecoin, has recently revealed its integration with Arbitrum, a highly anticipated layer 2 scaling solution. This groundbreaking collaboration holds tremendous potential for transforming the crypto landscape, unlocking a range of benefits for users and facilitating the growth of the wider cryptocurrency community.
Arbitrum's platform gains momentum with the launch of native USDC, paving the way for increased adoption. It dominates the market share with impressive TVL and ARB token gains.
Circle, the developer of the dollar backed USD Coin (USDC), has rolled out support for its native stablecoin on Arbitrum,
USDC revolutionizes transactions with native Arbitrum integration. Native USDC on Arbitrum unlocks faster settlements and lower costs.
Circle's stablecoin extends its reach to nine blockchains, tapping into Arbitrum's growing ecosystem and enhancing liquidity transfer.
Arbitrum Price Prediction 2023 – 2032 As the world anticipates improvements, a third alternative has emerged: scaling solutions. These innovative software applications operate on top of a blockchain's base layer, such as Ethereum, to enhance its performance.
Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.
Arbitrum (ARB) network grappled with a critical software bug on Wednesday, temporarily suspending on-chain transaction processing for an extended duration. The glitch, identified within Arbitrum's sequencer, which assumes the crucial responsibility of receiving user transactions, amalgamating them into transaction batches, and subsequently posting them on-chain, was revealed by the official Twitter account of Arbitrum developers.
Arbitrum, the Ethereum layer-2 scaling solution, stopped sending transactions to mainnet for roughly two hours on Wednesday due to a software bug affecting the optimistic rollup's sequencer.
On Wednesday, Arbitrum's blockchain encountered a bug in its software, causing an interruption in processing on-chain transactions for several hours.
Arbitrum, the Layer 2 solution for the Ethereum (ETH) blockchain, encountered a temporary outage for an hour on June 7
Ethereum layer-2 (L2) scaling solution Arbitrum stopped processing transactions on June 7 because its sequencer faced a bug in the batch poster. The incident only lasted for an hour.
