ArbitrumOne
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"Arbitrum One, Ethereum's layer 2 network, hits 1 million transactions and 2.4M ETH deposits, as reported by Dune Analytics. Scaling solutions are picking up momentum! #Ethereum #Layer2 #ArbitrumOne #CryptoScaling "
🚀🚀🚀 #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
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
🔥#cryptonews : $ARB holders address is continually rising and reaching 400k at the time of writing
#arb #ArbitrumOne #arbitrum #coincarp
Source:https://www.coincarp.com/currencies/arbitrum/richlist/
#arb #ArbitrumOne #arbitrum #coincarp
Source:https://www.coincarp.com/currencies/arbitrum/richlist/
📊 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
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
Blobstream is now available on Arbitrum One.
Blobstream allows L2 developers in the Ethereum ecosystem to integrate Celestia, expected to be the first data availability layer in production with data availability sampling (DAS).
#BlobstreamDeployment #ArbitrumOne #arbitrum #celestia #base
Blobstream allows L2 developers in the Ethereum ecosystem to integrate Celestia, expected to be the first data availability layer in production with data availability sampling (DAS).
#BlobstreamDeployment #ArbitrumOne #arbitrum #celestia #base
#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.
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 🌐💰
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
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
ARB / USDT
Breakout done
Re Testing done✅
Price is ready to move up now
Expected target 2.25$ to 2.35$
SL can be 1.89$
Keep an eye on it
$ARB $BTC $ARKM
#ARB/USDTSignal #ARB/USDT #ArbitrumOne #AllTimeHigh. #Japanese
Breakout done
Re Testing done✅
Price is ready to move up now
Expected target 2.25$ to 2.35$
SL can be 1.89$
Keep an eye on it
$ARB $BTC $ARKM
#ARB/USDTSignal #ARB/USDT #ArbitrumOne #AllTimeHigh. #Japanese
