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Optimism emerges as a strong competitor in the NFT sector, witnessing significant growth in interest, active addresses, and revenues.

In the world of cryptocurrencies, the performance of the Arbitrum ecosystem has captivated the attention of enthusiasts and investors alike. While the governance token ARB experienced a downward trend since its airdrop in March, the overall ecosystem has demonstrated signs of robust growth.

Positive Ethereum and Arbitrum network developments and the eventual improvement in crypto investor sentiment could lend a boost to ARB price.

Bitcoin has shown some strength since the early trading hours and has successfully soared above $26,000. While the bearish influence continues to prevail, the possibility of an extended bullish trend hovers over the BTC price and the entire crypto space.

Arbitrum has been in a great state since the launch of its native token ARB, however, ARB stood in agreement with the bears as of 15 June which could leave investors disappointed.

Xai, a permissionless Layer 3 blockchain designed for video games, is set to launch on Arbitrum later this year.

After starting the process in 2022 with the first phase, we have reached the final step regarding the migration of The Graph crypto to the Arbitrum network.

The ever-evolving cryptocurrency market continues to witness dynamic shifts and transformative trends that impact various digital assets. In this comprehensive article, we delve deep into two notable developments: the fluctuations in Litecoin (LTC) value and the promising rise of Arbitrum (ARB) as a Layer 2 scaling solution for Ethereum.

The recent airdrop by Arbitrum has sparked a significant increase in daily active users and trading volume within its ecosystem.

In the weeks after the ARB airdrop, unique users and transaction counts on Arbitrum have remained high on average compared to pre-airdrop levels, Nansen data shows. Arbitrum airdropped its ARB token on March 23, which pushed its transaction count to an all-time high.

Arbitrum technical indicators reflected the strong bearish sentiment in the market, and both the trend and the market structure sided with the sellers.

Arbitrum, a popular blockchain platform, has shown promising results after its airdrop in March 2023. According to a report by Nansen, a blockchain analytics platform, every activity metric on Arbitrum has gone up compared to pre-airdrop days.

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 transition is aimed at reducing barriers of entry for The Graph's users by decreasing gas costs and speeding up transactions.

The Graph, a blockchain indexing protocol founded in 2018, is fully migrating to the Arbitrum network from Ethereum on Tuesday.

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.