Browsing: Arbitrum

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26 projects that were not funded in the first round will be supported by a one-time reserve fund of 21.1 million ARB tokens, or around $23.54 million, approved by Arbitrum DAO. Though the program’s initial 50 million token budget prevented these initiatives from securing funding, they had already benefited from funding through the network’s Short-Term Incentive Programme (STIP). Gains Network (4.5 million ARB), Stargate Finance (2 million), Synapse (2 million), PancakeSwap (2 million), Wormhole (1.8 million), Magpie (1.25 million), RabbitHole (1 million), dForce (1 million), and Vela (1 million) are among the 26 enterprises that will benefit from this investment.…

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Foresight News reports that PlutusDAO has started a discussion on the Arbitrum forum about turning on ARB staking and giving token inflation to users who lock their tokens. The first opportunity to mint tokens will be on March 15, 2024 (the minting function may only be called once a year). The Arbitrum DAO has the power to mint 2% of the total ARB supply annually as inflation. The 1.75% of the token supply that PlutusDAO suggests minting and distributing over the course of a year. PlutusDAO advises using an equivalent sum of funds from the Arbitrum DAO treasury and a…

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In a tweet earlier today, the on-chain analytics tool Lookonchain released new information about the accumulation trends for Arbitrum (ARB). According to the post, information indicates that businesses are aggressively acquiring alternative currency. Lookonchain in particular noted that throughout the previous week, Offchain Labs, a software company, purchased 7.22 million ARB through several addresses. The collected ARB, which was purchased on Binance, was worth more than $7 million. It is accurate to state that purchasers could opt to invest in lower-cap altcoins like ARB that weren’t classified as securities in the SEC’s most recent litigation. Even though it could be…

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The Arbitrum (ARB) community’s native governance token has fallen below the $1 mark. ARB traded hands for $0.92 at the time of publication, a decrease in value of 6.78% over the previous 24 hours. The Ethereum (ETH) L2 scaling resolution entered the market on March 16, 2023, and gave prizes in the form of ARB tokens to its early adopters. This choice caused a tone of stress in the business world. Sellers Have Preserved Demand for Inspection Additionally, numerous attempts to rise in the rankings haven’t produced any significant results. The aforementioned has caused the token all-time efficiency to drop…

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Buyers in the cryptocurrency market are always looking for platforms that provide the greatest services and products, as well as those with the most upside potential. PancakeSwap (CAKE) and Arbitrum (ARB) have been significant players in the space, but how does their potential upside compare to the brand new entry, Tradecurve (TCRV), which has joined the market attempting to bridge the gap between traditional financial instruments and cryptocurrency? This essay will investigate these platforms and analyse their prospects for growth. PancakeSwap (CAKE) rallies are worthwhile. PancakeSwap is a leading decentralized exchange (DEX) built on the Binance Sensible Chain that supports…

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In a startling turn of events, the popular Arbitrum liquidity protocol, Jimbos, was the victim of a suspected cyber attack, resulting in the loss of over 4,000 ETH, valued at over $7.5 million. The event has sent shockwaves across the crypto community, raising concerns about the safety of DeFi systems. PeckShield, a well-known blockchain security firm, initially announced the vulnerability in a post on their official Twitter account. According to PeckShield’s assessment, the attack was caused by a weakness in the protocol’s slippage management mechanism for liquidity-shifting activities. This flaw let the attacker exploit an uneven value variation, successfully manipulating…

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Throughout Web3, many cryptocurrency buyers and merchants are continuously looking for new cryptocurrencies that will dominate the market and provide them with high rewards. The two cryptocurrencies, together with Lido DAO (LDO) and Arbitrum (ARB), first piqued the interest of purchasers. Nonetheless, their value has recently dropped, and a business in its presale part known as Tradecurve (TCRV) has captured its full attention. Lido (LDO) Lido DAO made headlines in February when it announced Lido V2. Vesta said on April 26, 2023, that wstETH from Lido DAO (LDO) will remain on their platform, with a 600,000 mint maximum and 135%…

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This spectacular efficiency has been accompanied by rising person adoption and rising complete worth locked (TVL) throughout the platform’s decentralized finance (DeFi) ecosystem. One of many vital drivers of Arbitrum’s success has been its capacity to maintain its value stage following the airdrop occasion, which regularly sees a short-term value spike adopted by a subsequent decline. One of these value motions is often noticed when the market experiences an interval of consolidation or indecision. The third state of affairs is the convergence of shifting averages, which may result in a spike in volatility for XRP’s value. This state of affairs…

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According to blockchain statistics, Ethereum scaling blockchain Arbitrum finished distributing its arb (ARB) tokens to projects developed on the network on Tuesday for a total value of more than $120 million. Based on their network activity and the number of wallets they had at the time, Arbitrum released and airdropped its tokens to specific users in March in amounts ranging from 625 arb to over 10,000 arb. In an effort to promote acceptance, cryptocurrency projects will sometimes “airdrop” free tokens to their communities. Users of cryptocurrencies who frequently engage with both new and established platforms are probably going to get…

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The overall decline in the cryptocurrency market continued throughout the weekend, as the majority of projects failed to stage any sort of recovery. At the time of writing, the price of bitcoin is trading just above $27K but is now heading in that direction. Altcoins experienced no relief over the past 24 hours, with the majority of them continuing to lose value. Let’s start now. Around $27K, Bitcoin Price Is Struggling The start of a new week hasn’t done anything to aid Bitcoin in its comeback efforts. In actuality, the price is still falling, and it appears that the next…

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According to a blog post on the Arbitrum Foundation’s website on Sunday, the organization was already trading ARB tokens for the stablecoin before its governance community of token holders “authorized” the group’s over $1 billion budget. According to Peter McCorry, the motivation is a centralized organization charged with promoting Arbitrum, a quicker and less expensive blockchain for ethereum transactions. It is thought that adopting the Built-in Governance Bundle AIP-1 would be the same as accepting all 7.5% of the ARB tokens. The motivation “has begun using these tokens to learn the DAO, as well as converting some funds into stablecoins…

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The allocation of the 750M ARB for administrative costs was suggested by Arbitrum Basis. Arbitrum transferred 50.5 million ARB even though it had a favourable vote from 70% of ARB holders. ARB’s value decreased from almost $1.5 to little under $1. While investors of the just issued ARB token conjectured that Arbitrum Foundation had recently purchased a sizeable amount of the money, the Arbitrum crypto group experienced panic calls and FUD over the weekend. One of the Twitter accounts that started the conversation, Cringe.eth, emphasised that on March 16, the day of the debut, Arbitrum Basis traded out 750…

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Over the past week, the US government’s attack on cryptocurrency has become more pronounced, and a number of altcoins with significant market caps have fallen sharply. Exchange tokens have emerged as the category that produced rewards for holders despite the regulatory obstacles. Regulators are closely monitoring Binance, and the BNB price is an exception to the story of exchange tokens. While Binance fights heavy regulatory scrutiny and other trading sites are departing the United States to deal with the ongoing crackdown on virtual assets, Coinbase reported that the exchange was sent a Wells Notice. Exchange tokens have emerged as a…

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Exercise for layer-2 communities On March 23, the number of transactions on the Arbitron (ARB) main net doubled that of the Ethereum (ETH) mainnet, setting a new record high. According to Dune analytics data, the ETH mainnet handled 1.07 million transactions, compared to the layer-2 competitor Optimism’s 228,684 transactions. In reaction to L2 Beat, Arbitrum airdropped its ARB tokens to users on March 23, increasing its transaction per second (TPS) on Arbitrum One by 153.21% to 31.64. Customers of Arbitrum generated 107,158 new addresses on the same day, marking the second time in the preceding week that this number exceeded…

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According to data from CryptoSlate, the value of Arbitrum’s just airdropped token, ARB, fell by about 90% to $1.20 as traders hastily abandoned their token. The ARB token traded for $3.99 on the decentralized exchange (DEX) Uniswap in the first hour after its announcement and for more than $5 on centralized exchanges including KuCoin, Kraken, and OKX. According to CoinGecko, the amount of tokens bought and sold during the time period exceeded $20 million. On-chain sleuth Lookonchain recognized one dealer that offered 800 ARB for over $3,600 — it means this dealer offered at a median value of over $4.…

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