In its most recent performance report, Ethereum’s Layer-2 based scaling protocol Arbitrum (ARB) demonstrated its superiority over the latter network in terms of the total number of transactions executed. 3/5 Ecosystem Milestones: Yesterday both Arbitrum One (1.26m) and Arbitrum Nova (1.18m) processed more transactions than Ethereum (939k). We’re witnessing Ethereum’s
Recently, Arbitrum, a top Layer-2 scaling solution for Ethereum, began distributing its governance token, ARB. The network has allocated 1.13 percent of its total token supply of 10 billion to airdrops for eligible DAO projects as part of its strategy. The full distribution of the DAO airdrop will take place
Lookonchain, a cryptocurrency firm that analyzes and tracks data, recently announced on Twitter that a substantial amount of Arbitrum (ARB) had been transferred to Binance. The transaction was carried out by the largest buyer of ARB tokens on the Arbitrum listing, who transferred 9.94 million ARB tokens. It is valued
There is just one day left for governance votes to be cast, and it seems like 700 million ARB tokens “unjustly allocated to the Foundation from the DAO” will be returned by the Arbitrum community. This proposal is called Arbitrum Improvement Proposal 1.05. As of this writing, more than 83%
A new proposal has been submitted by the Arbitrum community, which asks the Arbitrum Foundation to transfer 700,000,000 ARB tokens back to the DAO Treasury. In March, the Arbitrum Foundation moved the money without consulting the community beforehand. The suggestion states that the foundation’s financial plan should continue only when
The community has spoken out against the chaos that was produced by the initial governance proposal for Arbitrum, hence the company leading the development of the layer-2 scaling network, the Arbitrum Foundation, has announced that it would be splitting AIP-1 into multiple smaller proposals. The Arbitrum DAO voted unanimously on
There was significant fear, uncertainty, and doubt (FUD) spread over the weekend within the Arbitrum community. This occurred because Arbitrum holders suspected the Foundation had sold a large number of coins, significantly impacting the ARB’s value. A representative with the Arbitrum Foundation revealed on Sunday that the corporation had begun
Arbitrum is a network that allows users to transact with lower fees on Ethereum. After high anticipation, Arbitrum released their token ARB airdrop live on March 23. The Ethereum layer-2 scaling solution is distributed over 1 billion ARB tokens. That causes the market capitalization to be around $1.5 billion. The
With the announcement of AIP-1’s release by the Arbitrum Foundation, interest in Arbitrum has surged in the crypto community. The primary objective of this work is to establish a platform-wide decentralized governance system that encourages robust user engagement in policymaking. By giving token holders a say in the platform’s development,
The Arbitrum Foundation started to clarify its stance on the recent controversy surrounding its token allocation process, which led to a 6% decline in the price of the ARB token. Following a loud uprising by holders of the ARB token, Arbitrum fell over the weekend as the network struggled to
