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ArbitrumOne
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The stablecoin market cap data highlights the performance of various blockchain platforms in terms of locked #Stablecoins . #ArbitrumOne leads with $4.96 billion, showing a 1.5% increase in 24 hours, 11% growth over 30 days and a yearly rise of 125%. #BaseChain follows at $3.33 billion, with a slight 0.4% daily decline, a 5% drop in 30 days, but an impressive yearly growth of 1262%. Other notable performers include #worldchain , with a 188% yearly increase, and Mantle, which surged 368% over the year. On the other hand, #scroll saw a significant 67% decline in 30 days despite a yearly growth of 223%, while **ZKSync Era** dropped 51.7% over the past month. Smaller platforms like **Metis**, **Polygon zkEVM**, and **Manta Pacific** show mixed trends, with **Polygon zkEVM** achieving 106% growth annually, while **Immutable X** faced a 23.3% yearly decline. These trends highlight the varying adoption and retention rates of stablecoins across different blockchain ecosystems.
The stablecoin market cap data highlights the performance of various blockchain platforms in terms of locked #Stablecoins .
#ArbitrumOne leads with $4.96 billion, showing a 1.5% increase in 24 hours, 11% growth over 30 days and a yearly rise of 125%.
#BaseChain follows at $3.33 billion, with a slight 0.4% daily decline, a 5% drop in 30 days, but an impressive yearly growth of 1262%.
Other notable performers include #worldchain , with a 188% yearly increase, and Mantle, which surged 368% over the year.
On the other hand, #scroll saw a significant 67% decline in 30 days despite a yearly growth of 223%, while **ZKSync Era** dropped 51.7% over the past month. Smaller platforms like **Metis**, **Polygon zkEVM**, and **Manta Pacific** show mixed trends, with **Polygon zkEVM** achieving 106% growth annually, while **Immutable X** faced a 23.3% yearly decline. These trends highlight the varying adoption and retention rates of stablecoins across different blockchain ecosystems.
📊 The total locked-up volume of Layer2 hits ALL Time High 🚀 According to L2beat data , the total amount locked in Layer 2 networks has risen to a historical high of $15.04 billion. ArbitrumOne has the highest amount locked with 53% market share. #ArbitrumOne #ATH
📊 The total locked-up volume of Layer2 hits ALL Time High 🚀

According to L2beat data , the total amount locked in Layer 2 networks has risen to a historical high of $15.04 billion.

ArbitrumOne has the highest amount locked with 53% market share.

#ArbitrumOne #ATH
#Arbitrum will #airdrop its governance token #ARB to its community on Mar 23. ARB will govern #ArbitrumOne and Nova through a #DAO and security council. 12.75% of total supply will be distributed to users who utilized the network in the last year.
#Arbitrum will #airdrop its governance token #ARB to its community on Mar 23.

ARB will govern #ArbitrumOne and Nova through a #DAO and security council. 12.75% of total supply will be distributed to users who utilized the network in the last year.
📈 Ethereum layer 2 protocol Arbitrum One reaches a record-breaking Total Value Locked (TVL) exceeding $8.1 billion, currently standing at $8.12 billion, with a 7.08% increase in the past 7 days, as per L2Beat data. 🚀📊 #ArbitrumOne #EthereumLayer2 🌐💰
📈 Ethereum layer 2 protocol Arbitrum One reaches a record-breaking Total Value Locked (TVL) exceeding $8.1 billion, currently standing at $8.12 billion, with a 7.08% increase in the past 7 days, as per L2Beat data. 🚀📊 #ArbitrumOne #EthereumLayer2 🌐💰
Arbitrum Provides 40 Million ARB Tokens As Loan To Market MakersArbitrum, one of the leading Layer 2 scaling solutions for Ethereum, has responded to recent discussions regarding their governance process and token distribution. In a tweet, the team at Arbitrum confirmed that they provided 40 million ARB tokens as a loan to market makers, while the remaining 10 million ARB was converted to fiat and used for operating costs. @azcoinnews The team also highlighted that compared to other similar projects like Polygon, Starknet, Solana, Optimism, and Avalanche, the proportion of tokens held by the foundation is relatively small, at just 7.5%. In response to community feedback, the team at Arbitrum also provided a long-form response to address questions about the ratification process for AIP-1. They explained that with DAO launches, there is often a chicken-egg problem where certain decisions must be made before a broader launch can take place. The goal of AIP-1 was to engage the community in initial decisions and ultimately have token holders signal their support by ratifying the decisions and framework via DAO voting. To clarify two key questions, the team emphasized that they did not sell 50 million ARB tokens, and the rationale behind an initial allocation of 750 million ARB was covered in significant detail in their forum post. With the loan of 40 million ARB tokens to market makers, Arbitrum aims to ensure that there is enough liquidity on their platform to support trading activity. This move is not uncommon in the crypto industry, where market makers often borrow large amounts of tokens to provide liquidity for traders. Overall, the response from Arbitrum highlights their commitment to transparency and community engagement. The team’s willingness to engage in open discussion and provide detailed explanations of their decisions bodes well for the future of their platform and the wider crypto industry. #Arbitrum #ARB #crypto2023 #ArbitrumOne #azcoinnews This article was republished from azcoinnews.com

Arbitrum Provides 40 Million ARB Tokens As Loan To Market Makers

Arbitrum, one of the leading Layer 2 scaling solutions for Ethereum, has responded to recent discussions regarding their governance process and token distribution.

In a tweet, the team at Arbitrum confirmed that they provided 40 million ARB tokens as a loan to market makers, while the remaining 10 million ARB was converted to fiat and used for operating costs.

@azcoinnews

The team also highlighted that compared to other similar projects like Polygon, Starknet, Solana, Optimism, and Avalanche, the proportion of tokens held by the foundation is relatively small, at just 7.5%.

In response to community feedback, the team at Arbitrum also provided a long-form response to address questions about the ratification process for AIP-1. They explained that with DAO launches, there is often a chicken-egg problem where certain decisions must be made before a broader launch can take place. The goal of AIP-1 was to engage the community in initial decisions and ultimately have token holders signal their support by ratifying the decisions and framework via DAO voting.

To clarify two key questions, the team emphasized that they did not sell 50 million ARB tokens, and the rationale behind an initial allocation of 750 million ARB was covered in significant detail in their forum post.

With the loan of 40 million ARB tokens to market makers, Arbitrum aims to ensure that there is enough liquidity on their platform to support trading activity. This move is not uncommon in the crypto industry, where market makers often borrow large amounts of tokens to provide liquidity for traders.

Overall, the response from Arbitrum highlights their commitment to transparency and community engagement. The team’s willingness to engage in open discussion and provide detailed explanations of their decisions bodes well for the future of their platform and the wider crypto industry.

#Arbitrum #ARB #crypto2023 #ArbitrumOne #azcoinnews

This article was republished from azcoinnews.com

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Marketcap The Market Cap is the total value of all circulating tokens, calculated by multiplying the current price of a single token by the total number of tokens in circulation. #Mantlenetwork #ArbitrumOne
Marketcap
The Market Cap is the total value of all circulating tokens, calculated by multiplying the current price of a single token by the total number of tokens in circulation.
#Mantlenetwork #ArbitrumOne
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🚀🚀🚀 #ArbitrumOne Network's TVL Reaches Record High of $8.12 Billion 🚀🚀🚀 What is TVL? Total Value Locked (TVL) is a metric used to gauge the health and popularity of a blockchain network. It represents the total value of all crypto assets deposited in its decentralized finance (DeFi) protocols. A higher TVL suggests more users are locking their funds in the network's #DEFI applications, indicating trust and potential for growth. Why is this a big deal for Arbitrum One? - Surpassing competitors: Arbitrum One has been steadily climbing the DeFi ladder, recently surpassing Optimism & #NEARProtocol in TVL. This achievement solidifies its position as a leading Layer 2 scaling solution for Ethereum. - Attracting developers and users: A high TVL attracts developers who build innovative DeFi applications on the network, & users who seek lucrative yields & opportunities. This creates a positive feedback loop, further boosting Arbitrum One's growth. - Stronger ecosystem: A vibrant DeFi ecosystem attracts other forms of decentralized applications (dApps), like #NFT marketplaces and DAOs. This fosters a diverse & thriving network, benefiting all participants. What does this mean for the future of Arbitrum One? This record-breaking TVL sets a positive precedent for Arbitrum One's future. It suggests the network is well-positioned to capture a significant share of the growing DeFi market. Here are some potential implications: - Increased innovation: With more resources & users, expect to see a surge in innovative DeFi protocols & applications on Arbitrum One. This could lead to groundbreaking advancements in the DeFi space. - Enhanced scalability: As demand increases, the network will likely focus on further improving its scalability & transaction processing power. This will ensure a smooth user experience even with higher usage. - Mainstream adoption: A strong DeFi ecosystem & a user-friendly experience could attract mainstream adoption of Arbitrum One. This would be a major milestone for the network & the Layer 2 space as a whole. #BinanceSquare $ARB
🚀🚀🚀 #ArbitrumOne Network's TVL Reaches Record High of $8.12 Billion 🚀🚀🚀

What is TVL?

Total Value Locked (TVL) is a metric used to gauge the health and popularity of a blockchain network. It represents the total value of all crypto assets deposited in its decentralized finance (DeFi) protocols. A higher TVL suggests more users are locking their funds in the network's #DEFI applications, indicating trust and potential for growth.

Why is this a big deal for Arbitrum One?

- Surpassing competitors: Arbitrum One has been steadily climbing the DeFi ladder, recently surpassing Optimism & #NEARProtocol in TVL. This achievement solidifies its position as a leading Layer 2 scaling solution for Ethereum.

- Attracting developers and users: A high TVL attracts developers who build innovative DeFi applications on the network, & users who seek lucrative yields & opportunities. This creates a positive feedback loop, further boosting Arbitrum One's growth.

- Stronger ecosystem: A vibrant DeFi ecosystem attracts other forms of decentralized applications (dApps), like #NFT marketplaces and DAOs. This fosters a diverse & thriving network, benefiting all participants.

What does this mean for the future of Arbitrum One?

This record-breaking TVL sets a positive precedent for Arbitrum One's future. It suggests the network is well-positioned to capture a significant share of the growing DeFi market. Here are some potential implications:

- Increased innovation: With more resources & users, expect to see a surge in innovative DeFi protocols & applications on Arbitrum One. This could lead to groundbreaking advancements in the DeFi space.

- Enhanced scalability: As demand increases, the network will likely focus on further improving its scalability & transaction processing power. This will ensure a smooth user experience even with higher usage.

- Mainstream adoption: A strong DeFi ecosystem & a user-friendly experience could attract mainstream adoption of Arbitrum One. This would be a major milestone for the network & the Layer 2 space as a whole.

#BinanceSquare $ARB
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#Arbitrum One, the #Ethereum Layer 2 network, has surpassed 1 billion transactions since its launch in 2021. This milestone underscores its growing prominence as a scaling solution, driven by its ability to lower transaction fees and increase speeds. Arbitrum’s optimistic rollup technology aggregates multiple transactions into a single one, making it more efficient. With a current market cap of $4.1 billion, Arbitrum continues to play a key role in the broader Ethereum ecosystem as Layer 2 solutions gain traction #ArbitrumOne #Layer2Solutions #TrendingTopic
#Arbitrum One, the #Ethereum Layer 2 network, has surpassed 1 billion transactions since its launch in 2021.
This milestone underscores its growing prominence as a scaling solution, driven by its ability to lower transaction fees and increase speeds. Arbitrum’s optimistic rollup technology aggregates multiple transactions into a single one, making it more efficient. With a current market cap of $4.1 billion, Arbitrum continues to play a key role in the broader Ethereum ecosystem as Layer 2 solutions gain traction
#ArbitrumOne #Layer2Solutions #TrendingTopic
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