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Although the price of Arbitrum's governance token, #ARB, has been steadily declining since the airdrop in late March, the rest of the ecosystem is expanding well.
According to a recent #Nansen analysis, #Arbitrum's activity increased after the airdrop and stabilised "at a level higher" than it had before. Since April 2023, the number of transactions, gas costs, and daily active users have all consistently increased on the #Ethereum rollup.
After the Arbitrum #airdrop, the difference between the number of active users on Arbitrum and Optimism grew, inching closer to Ethereum.
According to a recent #Nansen analysis, #Arbitrum's activity increased after the airdrop and stabilised "at a level higher" than it had before. Since April 2023, the number of transactions, gas costs, and daily active users have all consistently increased on the #Ethereum rollup.
After the Arbitrum #airdrop, the difference between the number of active users on Arbitrum and Optimism grew, inching closer to Ethereum.
#Write2Earn
Stay updated on the latest in the cryptocurrency market as #Bitcoin sees a significant surge, reaching a four-week high, while #ETHER leads the altcoin rally by surpassing $2,400. Discover the factors driving these price movements and the broader market trends shaping the crypto landscape.
U.S. stock market strength likely lifted cryptocurrencies, with Bitcoin hitting a four-week peak above $44,000 to reach a fresh four-week peak, driven by increased accumulation by large holders and record highs in U.S. equity indices.
The leading cryptocurrency rose from $42,700 earlier in the day to as high as $44,300, marking its highest level since January 12, the day following the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S.
Ethereum $ETH led altcoins, while analysts noted increased accumulation by large holders.
The S&P 500, Dow Jones, and Nasdaq reached record highs, easing concerns about New York Community Bancorp's financial health.
Ethereum surpassed $2,400 for the first time in TWO weeks Asset managers Ark Invest and 21Shares made amendments to their joint application earlier in the day, aligning it more closely with approved spot bitcoin ETFs to potentially address regulatory concerns.
Other Ethereum-related tokens, including #Polygon's $MATIC and #Arbitrum's $ARB , also saw gains.
Stay updated on the latest in the cryptocurrency market as #Bitcoin sees a significant surge, reaching a four-week high, while #ETHER leads the altcoin rally by surpassing $2,400. Discover the factors driving these price movements and the broader market trends shaping the crypto landscape.
U.S. stock market strength likely lifted cryptocurrencies, with Bitcoin hitting a four-week peak above $44,000 to reach a fresh four-week peak, driven by increased accumulation by large holders and record highs in U.S. equity indices.
The leading cryptocurrency rose from $42,700 earlier in the day to as high as $44,300, marking its highest level since January 12, the day following the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S.
Ethereum $ETH led altcoins, while analysts noted increased accumulation by large holders.
The S&P 500, Dow Jones, and Nasdaq reached record highs, easing concerns about New York Community Bancorp's financial health.
Ethereum surpassed $2,400 for the first time in TWO weeks Asset managers Ark Invest and 21Shares made amendments to their joint application earlier in the day, aligning it more closely with approved spot bitcoin ETFs to potentially address regulatory concerns.
Other Ethereum-related tokens, including #Polygon's $MATIC and #Arbitrum's $ARB , also saw gains.
"Breaking News: Arbitrum Discord Server Breached by Cybercriminals in Sophisticated Phishing Attack"
#Launchpad #GPT-4 #ExchangeWithKindness #BTC #Arbitrum's
Discord server was hacked in a phishing attack, with a fake announcement containing a phishing link. Investors should avoid interacting with it until further clarification is provided. Two airdrop hunters took advantage, collecting $3.3 million worth of ARB tokens. As cryptocurrency values increase, it's crucial to follow best security practices and stay informed to avoid falling victim to phishing attacks and other cybercrimes.
Discord server was hacked in a phishing attack, with a fake announcement containing a phishing link. Investors should avoid interacting with it until further clarification is provided. Two airdrop hunters took advantage, collecting $3.3 million worth of ARB tokens. As cryptocurrency values increase, it's crucial to follow best security practices and stay informed to avoid falling victim to phishing attacks and other cybercrimes.
#Arbitrum's #ARB token has become a top 40 #cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000.
https://news.bitcoin.com/arbitrums-governance-token-arb-ranks-within-top-40-market-capitalizations-following-airdrop/
https://news.bitcoin.com/arbitrums-governance-token-arb-ranks-within-top-40-market-capitalizations-following-airdrop/