📉 ARB Market Plummets 14%, But New Developments Could Reverse The Trend
Arbitrum resumes its drive downward along with the broader market downturn investors are experiencing today. According to the latest market data, ARB is down nearly 14% since last week, putting more pressure on the bulls to slow the bearish tide.
However, there are several developments on the platform that might affect investor perception in the long term. These new deployments might make or break the early half of the month for investors and traders alike.
🔸 Multiple Projects Now Support Arbitrum
Metalend, a blockchain lending company, recently announced its support for Arbitrum on its native platform. This new addition to the Arbitrum circle will further push users to the platform, leveraging Metalend’s already big following.
With Arbitrum’s growing position in the lending space of crypto, the platform might experience growth in that sector of the market. However, they’re not the only ones to join the fray.
MetaLend is excited to announce that we have launched support for @Arbitrum Foundation
You can now goto track and trade (leveraging DEX aggregators) your arbitrum portfolio.
You can track multiple wallets in one view and soon you will be able to submit limit… — MetaLend – Manage All Your Wallets in One Place!
Blockscout announced its support for Arbitrum One, giving investors and traders access to a whole list of features for them to analyze on-chain data on Arbitrum. Features like in-depth block data, verified smart contracts, and full API access are some of the things Arbitrum users will have access to because of this.
The platform’s DAppScout feature will also help users filter dApps with low-security scores, improving user experience while giving them the ability to keep their funds safe from malicious actors.
