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Doge and its meme-inspired counterparts have welcomed a new member to their ranks – a frog, specifically Matt Furie's Pepe the Frog. The coin, Pepe (PEPE), is a recent arrival, making its debut on April 18, 2023.
Ethereum scaling solution Arbitrum has begun distributing 113 million ARB tokens to DAOs within its ecosystem.
Arbitrum (ARB) recently conducted airdrop saw around 90.15 million tokens being distributed to 131 DAO addresses, valued at approximately $118 million. However, immediately after the airdrop, a whale nicknamed “TRIDENT” sold 131,345 ARB tokens through three different addresses, earning $172,000 at a price of $1.31 each.
125 out of 137 DAOs received airdrop from Arbritrum.
According to data provided by the @lookonchain tracker of "Smart Money" wallets, several hours ago, Arbitrum performed an airdrop, distributing approximately 90.15 million ARB coins to the crypto community via 131 DAO wallets.
Ethereum's leading Layer 2 scaling network Arbitrum started distributing its ARB governance token to DAOs in its ecosystem.Trading venues GMX, Uniswap, and Sushiswap are among several eligible decentralized autonomous organizations or DAOs within Arbitrum's ecosystem.The project allocated 1.13% of its 10 billion supply towards these DAOs after announcing its governance airdrop in March. Ethereum's leading Layer 2 scaling network Arbitrum started distributing its ARB governance token to DAOs in its ecosystem weeks after it airdropped free coins to eligible users as a reward for supporting the chain.
Arbitrum has initiated the distribution of its initial token allocation to eligible DAOs within its ecosystem.
Analyst Jack Niewold recently made a bold claim, stating that Arbitrum (ARB) will inevitably flip prominent cryptocurrencies such as Hedera, Aptos, Stellar, ICP, ETC, LEO Token, Avalanche and XRP. According to Niewold, ARB provides investors with exposure to unliquidatable leveraged ETH beta while outperforming other assets, especially during the current period of elevated Ethereum fees.
Polygon's 3% daily decline has pushed it to under $1.
As part of its allocation, Arbitrum allocated over 90 million tokens to 125 DAO wallets.
Crypto analyst Mac recently shared an update on his strategy for ARB as the price of the cryptocurrency continues to drop. According to CoinMarketCap, ARB's price has declined by 7.43% in the last 24 hours.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. Stacks, Flow, CRV, Kava, and BitTorrent have emerged as the top gainers of the day, while Woo, INJ, ZIL, ARB, NEO, and GMX are the top losers.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. Woo Network, Quant, Zilliqa, Casper, and Monero have emerged as the top gainers of the day, while Arbitrum, FXS, LEO, BSV, LINK, and OKB are the top losers.
Arbitrum outperformed Ethereum in terms of daily active addresses for the second time.
Off Chain Labs, which developed the Arbitrum ecosystem, has announced plans to airdrop $ARB, the new native token of the Arbitrum blockchain which will govern all future operations and protocols. The currency will be given to select individuals to hold and test out until it's ready to be released to the general investing population.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. Zilliqa, LEO, Arbitrum, BSV, and BNB have emerged as the top gainers of the day, while Conflux, OKB, FTM, SNX, and APT are the top losers.
In late March, Arbitrum buyers defended the $1.1 support level ferociously. The breakout past $1.4 was encouraging, and its retest at the time of writing was not completely bearish.
Trading activity on the Arbitrum network increased and consequently led to an increase in user activity on the SushiSwap. Thus, no other DEX was able to outperform it.
Trading activity on the Arbitrum network increased and consequently led to an increase in user activity on the SushiSwap. Thus, no other DEX was able to outperform it.
GMX witnesses growth in terms of fees generated and volume. However, the price of the GMX token continues to decline despite positive developments on the protocol side.
The Arbitrum network celebrated its 200 million milestones in terms of transactions. According to a Dune dashboard, the network has over 4 million active users.
The number of transactions on the Ethereum layer 2 scaling solution, Arbitrum, has now surpassed those on the Bitcoin blockchain. And fees have jumped accordingly.
The layer 2 scaling solution Arbitrum has crossed 200 million transactions. But are the developers leaving the protocol?
Arbitrum's stablecoin outflow declined as fees collected by the protocol fell. However, the positive performance of new dApps on the network could prove beneficial for the Arbitrum ecosystem in the long run.
