#Arbitrum is revolutionizing the world of #Layer2 scaling solutions for #Ethereum! Get ready for low fees, fast transactions, and improved #decentralization.💡

#Arbitrum is revolutionizing the world of #Layer2 scaling solutions for #Ethereum! Get ready for low fees, fast transactions, and improved #decentralization.💡

While the #Arbitrum airdrop was a “sell-the-news” event for #Arbitrum’s native token and its ecosystem projects, the activity and liquidity on the Ethereum Layer-2 network remain strong.

Since the start of 2023, #Arbitrum’s share of transactions among Ethereum, Arbitrum, and #Optimism has increased from 12.7% to 30.7%.

Nevertheless, the #activity across the network continues to surge. The transaction count on #Arbitrum, with 2.77 million transactions, was 2.7 times higher than on Ethereum, with 1.08 million on the day of the airdrop.

The Ape’s #Prologue report added, “Optimism’s incentives were significantly larger than #Arbitrum’s. While $ OP’s governance fund accounts for 5.4% of the total supply, $ARB is just 1.1%."

However, the size of the airdrop for #Arbitrum ecosystem projects is significantly less. Only two #leading projects,

 This was also a #reason behind the bullish thesis around the #Arbitrum ecosystem, as the DAOs will get a chance to promote usage through ARB incentives.

Moreover, the #Arbitrum airdrop #included a 1.1% allocation out of the total ARB's supply of 12.75 billion for the DAOs in the ecosystem.

The ARB #airdrop followed the sell-the-news narrative, but #Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens.

With the lion’s share of #ARB selling from #airdrop participants likely complete, the focus will shift back toward #Arbitrum’s growth.

While the #Arbitrum #airdrop was a “sell-the-news” event for Arbitrum’s native token and its ecosystem projects, the activity and liquidity on the #Ethereum Layer-2 network remain strong. 

The bulk of the deposit increases was on #Uniswap and #Arbitrum #Exchange via added liquidity pools of tokens paired with #ARB.

#Arbitrum’s #DeFi liquidity also skyrocketed to new all-time highs of $2.18 billion after the airdrop. 

The trend shows that the high throughput of Layer-2 #blockchains is gradually causing a shift from the bulkier and more expensive #Ethereum mainnet, where #Arbitrum is leading the charge.

Since the start of 2023, #Arbitrum’s share of transactions among #Ethereum, Arbitrum, and #Optimism has increased from 12.7% to 30.7%. 

The transaction count on #Arbitrum, with 2.77 million transactions, was 2.7 times higher than on #Ethereum, with 1.08 million on the day of the airdrop.

The #Ape's #Prologue report added, "Optimism's incentives were significantly larger than #Arbitrum's. While $OP's governance fund accounts for 5.4% of the total supply, $ARB is just 1.1%."

However, the size of the #airdrop for #Arbitrum ecosystem projects is significantly less. 

This was also a reason behind the bullish thesis around the #Arbitrum ecosystem, as the #DAOs will get a chance to promote usage through #ARB incentives.

Moreover, the #Arbitrum airdrop included a 1.1% allocation out of the total #ARB's supply of 12.75 billion for the #DAOs in the ecosystem. 

The primary reason behind the pump was the #ARB airdrop catalyzing the #Arbitrum ecosystem’s growth. 

The #Arbitrum (#ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like #GMX), #Magic , Gains Network (#GNS) and Radiant Network (#RDNT).

The #Arbitrum token airdrop led to a massive dump of #ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. 

The #ARB airdrop followed the sell-the-news narrative, but #Arbitrum's #Dapp use and fundamentals remain strong and smart #money continues to buy ARB tokens.

#Arbitrum is revolutionizing the world of #Layer2 scaling solutions for #Ethereum! Get ready for low fees, fast transactions, and improved #decentralization.💡

ARB is the native coin of #Arbitrum, a layer 2 scaling solution built on the #Ethereum network.

#Arbitrum jumped 14% on #news of its listing on the Crypto.com platform.

#Arbitrum is revolutionizing the world of #Layer2 scaling solutions for #Ethereum! Get ready for low fees, fast transactions, and improved #decentralization.💡

#Arbitrum $ARB #airdrop for hackers and Sybil attackers: How much did they earn? 

#Arbitrum $ARB #airdrop for hackers and Sybil attackers: How much did they earn? 

Beware: #Arbitrum $ARB #Discord channel compromised, don't click on any links.