The GHO stablecoin, managed by Aave’s decentralized autonomous organization, is set to be launched on the Arbitrum blockchain as part of its “cross-chain expansion strategy.” Reportedly, the multi-collateralized stablecoin that is native to the Aave Protocol will use the widely used Chainlink Cross-Chain Interoperability Protocol (CCIP) and will be released
The Ethereum rollup-based layer-2 network Arbitrum’s development team, the Arbitrum Foundation, has pledged a large portion of its resources to fostering the gaming industry’s growth inside its ecosystem. The proposition allocates 225 million Arbitrum (ARB) tokens, with a market value of around $215 million, to be dispersed over a period
Following the approval of an Ethereum exchange-traded fund (ETF), Arbitrum saw a notable surge of 5% in the last 24 hours, attracting 100,000 new users to the platform. This surge propelled the price of ARB to reclaim the $1.20 mark, climbing over 30% in a weekly time frame from $0.9757
ZTX, a Web3 ecosystem focused on immersive virtual worlds, has joined forces with a music production giant 88rising for the 2nd annual Head in the Clouds Festival held in New York. The Arbitrum – powered Web3 ecosystem and Asia’s largest Metaverse ZEPETO urged users to get a limited number of
Central limit order book (CLOB) decentralized exchange Dexalot, announced its launch on Arbitrum. With this move, Dexalot is taking a step toward growing outside of the Avalanche ecosystem. Launched in February 2023, Dexalot runs its current CLOB exchange on a dedicated application-specific chain. The choice to extend Dexalot’s trading infrastructure to Arbitrum
Stake.link, the Chainlink Ecosystem’s delegated liquid staking protocol, has announced that cross-chain staking on Ethereum’s most popular Layer-2 network, Arbitrum, is now available. With this move, users will no longer have to pay outrageous gas expenses to stake LINK and receive incentives, allowing stake.link to open a second home on Arbitrum
While crypto investors eagerly await regulatory developments, most major cryptocurrencies displayed positive momentum recently. Also, cryptocurrency experts anticipate that regulatory clarity and the new crypto ETF could encourage the entry of institutional investors into the market. Despite the proliferation of thousands of alternative cryptocurrencies, the dominance of Bitcoin and Ethereum
In 2021, Shiba Inu, the cryptocurrency often hailed as the “Doge Killer,” gained immense popularity, capturing attention with its adorable dog-themed branding and rapid price surge. Fueled by viral memes and Elon Musk’s tweets, Shiba Inu created an illusion of quick wealth and limitless potential within the cryptocurrency realm. However,
In a whirlwind of market activity, Arbitrum, Ethereum’s layer-2 network, surged to an eight-month high of $1.4567, marking a staggering 15% surge within the last 24 hours. This surge was accompanied by a remarkable 315% uptick in trading volume, driving the market capitalization up by a striking 15%. Moreover along
Primex Finance, a non-custodial protocol for spot margin trading on DEXs, announces new deployment on Arbitrum One. In addition to being live on Polygon PoS, the current event is an important milestone in Primex’s multichain initiatives. Simultaneously, deploying the protocol to Arbitrum increases users’ flexibility, enhances traders’ and lenders’ user
