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Arbitrium bulls continued to prop up price at the key support level but how long will the bullish defense last before bears prevail?

In a groundbreaking and eagerly anticipated move, PancakeSwap, an industry-leading decentralized exchange (DEX) celebrated for its innovative prowess, has taken a monumental step by launching a fresh iteration of its derivative contracts on the Arbitrum (ARB) network.

Arbitrum is an Ethereum layer-2 scaling network that's seeing a spike in activity, thanks to increased traction in the DeFi ecosystem. It's backed by some of the largest players in the investment space.

In a major leap towards enhancing blockchain functionality, Orbs, a prominent name in the realm of public blockchain infrastructure, has achieved a significant milestone by seamlessly introducing its native token onto Arbitrum, a highly regarded Ethereum rollup solution. This strategic maneuver is poised to revolutionize user experiences by drastically mitigating gas fees and expediting transaction speeds when dealing with the esteemed ORBS token within the dynamic Layer-2 platform.

In a remarkable and dynamic turn of events, the cryptocurrency ARB has exhibited a remarkable surge of 1.9% over the past 24 hours, firmly establishing itself with a spot price of $0.958. This sudden and noteworthy ascent in price takes on even greater significance when viewed against the backdrop of recent turbulent market fluctuations, which have undoubtedly left investors in a state of unease and uncertainty.

DeFi security provider Webacy announced it would integrate with Arbitrum last week. This will grant Arbitrum's nearly 12 million distinct addresses access to Webacy's “wallet watch” tool.

Arbitrum (ARB) price nears its all-time low of $0.91 as the supremacy battle among Layer-2 (L2) networks heats up. Vital on-chain indicators explore how the emergence of Base in recent weeks could have contributed to ARB price decline.

Arbitrum could present another shorting opportunity if bulls falter at the 23.6% Fib level.

Arbitrum's growth momentum wanes as number of ARB token holders stagnate, sparking concerns about the token's value and ecosystem vitality.

Over the last few months, Optimism's network activity has increased substantially, allowing it to become a firm rival to Arbitrum.

Crypto and fintech firm ZTX has stated it's looking to build a new 3D virtual world atop the Arbitrum blockchain, which accounts for more than 60 percent of ETH's Layer-2 market share.

In a truly astonishing turn of events, the second quarter of 2023 bore witness to an astronomical rise in the prominence and vitality of Arbitrum, an Ethereum rollup network that has been sending shockwaves through the blockchain arena. Following a meticulously timed dispersion of its native token ARB on March 23, 2023, the platform encountered an unparalleled upsurge in users and transactions.

Base's Transactions Per Second surpassed that of Ethereum on 22 August. Arbitrum and Optimism also had to give way for the Coinbase L2.

Offchain Labs now offers an alternative to rollups for developers looking to launch on the Arbitrum network through Arbitrum Orbit.

Arbitrum, a leading Ethereum-based layer2 chain, had its native token ARB exhibiting bearish actions since April 2023. Meanwhile, institutions seem ready to trim their holdings as they transfer ARB to centralized exchanges (CEXs). SpotOnChain tweeted about CAP Finance and Mandala Capital preparing to shed ARB tokens. Mandala Capital transferred 3.

On August 21, Spot On Chain monitoring revealed that Mandala Capital executed a significant move within the cryptocurrency space.

Band Protocol's price feed oracle goes live on Arbitrum, unlocking real-world data for decentralized apps on Arbitrum. Exciting future plans for expanding data use cases.

Key Points: Ember has been closely monitoring a significant development within CAP Finance. According to recent reports, CAP Finance executed a substantial transfer of 1.88 million ARB tokens (equivalent to $1.93 million) from its vault address just 16 hours ago.

The Twitter-linked crypto app has taken off, lifting activity and the amount in fees accrued by the Coinbase-incubated Base network.

Arbitrum, an Ethereum rollup platform hosting assets valued at $5.77 billion, has showcased impressive growth and resilience following its ARB airdrop in March 2023. The airdrop, which initially triggered a “sell-the-news” reaction, eventually contributed to an influx of users and transactions, solidifying the platform's position in the cryptocurrency landscape.

Coinbase's Layer-2 network Base is already competing with the top Layer-2 networks as its daily transaction volume recently surpassed Optimism and Arbitrum.

Mighty Bear Games has joined hands with web3 game developer Treasure to move its “Mighty Action Heroes” series to the Arbitrum blockchain.

Optimism transactions hit their peak recently, eclipsing the largest L2 solution, Arbitrum, for the first time in 2023.

Coinbase's new Ethereum (ETH) layer-2 scaling solution briefly surpassed Optimism (OP) and Arbitrum (ARB) this week in terms of daily transactions. According to data provided by each scaling solution's respective block explorers, Base hit 617,330 transactions on August 13th, compared to 438,559 for Optimism and 544,575 for Arbitrum on the same day.