Perpetual Trading Protocol GMX Bags Biggest Chunk of $40M Arbitrum Grant
Arbitrum projects will receive token grants that may help attract new money to the popular blockchain.Several projects built on the Arbitrum blockchain have bagged a cumulative stash of $40 million in ARB tokens as part of a short-term incentives program (STIP) round that ended late Thursday.
A tally shows 29 Arbitrum projects pitched their product and services to token holders over the past week, hoping to win votes for a chunk of the 50 million ARB tokens, worth nearly $40 million at current prices.