Tag Archives: Arbitrum

The launch of USDC on Arbitrum will replace the currently circulating bridged version of USDC that comes from Ethereum. In an announcement on Thursday, June 1, stablecoin issuer Circle announced its plans to launch the native version of its USDC stablecoin on the Arbitrum blockchain network. USDC on Arbitrum As per the official announcement, Circle shall replace the existing version of USD Coin, which is an Ethereum-based token bridged to Arbitrum, with a native token that runs and resides...

Arbitrum – a leading Layer-2 scaling solution for Ethereum – started distributing its governance token (ARB) on April 25th. The airdrop is part of the platform’s roadmap, which designated 1.13% of the overall 10 billion token supply for qualified DAO projects. According to the latest data, Arbitrum has distributed over 90 million ARB worth $120 million to 125 DAO wallets. Treasure DAO was the top receiver with 8 million ARB, while 60 other DAOs pocketed at least 75k ARB...

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. Off Chain Labs Is Paving the Way for a New Governance Asset Those set to receive early access to the coin will include users of Arbitrum...

Uniswap’s mobile wallet will allow users to swap funds on other popular DeFi platforms such as Arbiturm, Polygon, and Optimism.  Ethereum-based popular decentralized exchange (DEX) Uniswap has recently launched a mobile wallet application in a move to promote wider DeFi adoption, as well as support the on-the-go trading on the platform. As per the April 13 announcement, the app is currently available for iOS devices in a few select countries and can be found on the Apple App store. Last...

After the much pompous launch of the long-awaited Arbitrum token –  ARB –  rumors and sell-offs dominated the ecosystem due to a conflict between token holders and the Arbitrum Foundation. The popular blockchain tracking platform, Lookonchain, has identified four whales “continually” buying ARB tokens, despite the ongoing drama. Mechanism Capital’s Andrew Kang is one of the four whales, according to the analysts, who bought an additional 1.51 million ARB at $1.23 with nearly...

Its new proposals represent a major deviation from the path that Arbitrum was initially towing. The Arbitrum Foundation has responded to last week’s protests of its community of ARB token holders by proposing two new motions. This follows after the huge backlash that erupted over the earlier plans of the foundation to move 750 million ARB tokens to one of its own wallets, albeit in a quiet manner. Arbitrum Foundation Floats Two New Proposals According to a Wednesday proposal, which was...

The PancakeSwap DEX Version 3 also looks to introduce a “VIP” trading rewards program and a position manager feature down the stretch.  PancakeSwap DEX has launched Version 3 on Ethereum and BNB Chain, offering improved performance and lower fees. According to reports, Version 3 introduces four different trading fee tiers of the cheapest on-chain trading fees among the decentralized exchange’s contemporaries. Notable counterparts, in this case, include Uniswap and SushiSwap. PancakeSwap’s...

Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale.  The Arbitrum Foundation is taking heat for offloading 50 million ARB tokens on-chain without community consent. ARB’s value slumped 11% following the sale, with the Foundation explaining it utilized the proceeds in the DAO’s interest. The Foundation also revealed it loaned 40 million ARB from the total on-chain transfer to a financial markets player. In...

The Arbitrum Foundation found itself at the receiving end of significant backlash over its governance voting system. The drama centers around the sale of 10 million in ARB tokens for fiat by the Ethereum layer 2 solutions provider even before the community had formally ratified its budget. Following the community outrage, the Arbitrum Foundation acknowledged that the first governance proposal – AIP-1 – “will likely not pass.” Arbitrum Drama According to the Twitter thread,...

Arbitrum’s much-anticipated token airdrop shook up the crypto space as on-chain activity of the popular layer-2 solution soared to levels not seen before. With the introduction of the ARB token, Arbitrum finally transformed into a DAO. Meanwhile, the hunters of this cash rain raked in an impressive amount of ARB tokens. In the first hour alone, over 42 million ARB tokens were claimed. New data found two “super airdrop hunters” that received 1.4 million ARB, worth around $1.92...