The Ethereum Foundation holds $970.2 million in its treasury, according to the newly released report. This includes $788.7 million in crypto and $181.5 million in non-digital asset investments. A major 99.45% of the foundation’s crypto holdings are in ETH, which represents 0.26% of the total ether supply as of that date. By prioritizing ETH for...Read More
Arbitrum One, the Ethereum Layer 2 optimistic rollup, has surpassed 1 billion transactions this week. This feat was accomplished by Arbitrum One within three years of its mainnet launch in August 2021. As of October 1st, Arbiscan recorded a total of 1.003 billion transactions. In comparison, Coinbase’s Layer 2 network, Base, has logged 755 million...Read More
The Dencun upgrade in March 2024 was a significant milestone for Ethereum, but it also brought about unforeseen challenges, particularly for Layer 2 networks. Christine Kim, a researcher at Galaxy, highlighted that this upgrade inadvertently led to an increase in transaction failures across these networks. Ethereum’s Layer 2 Networks Face Challenges Kim’s August 21 analysis,...Read More
Ethereum’s Layer 2s are bustling with activity. The latest data suggest that the ecosystem has reached a new record for daily transaction volume. In fact, these networks were also found to hold now more stablecoins than Solana and Binance Chain combined. Ethereum Layer 2 Ecosystem Growth According to the stats compiled by Growthepie, the daily...Read More
Coinbase-incubated Layer 2 network – Base – is seeing a significant surge in daily activity thereby suggesting growing interest and adoption amidst an improved sentiment in the broader market. The Base mainnet also saw a recovery in its TVL after nearly two weeks of slump. Base Layer 2 Growth Over the past week, Base has...Read More
The price front remains quiet, but Ethereum scaling solutions appear to be thriving. The latest data suggests a surge driven by not just Layer 2 networks but lesser-known Layer 3 entities as well. According to L2beat, these scaling networks built on top of Ethereum have collectively reached over 246 TPS on June 16, representing a...Read More
Ethereum and its Layer 2 scaling solution, Polygon, attracted the most new users by far in the first quarter of 2024. The latest report by Flipside revealed that these two blockchain platforms have garnered the most cumulative new users among observed EVM chains since the beginning of the year. Polygon boasted 12.3 million new users,...Read More
Online stock and crypto brokerage firm Robinhood has teamed up with the management team of the Ethereum-based layer-2 network Arbitrum to give its wallet users access to swaps on the protocol. According to a release seen by CryptoPotato, the duo announced the alliance on February 29 at the ETHDenver 2024 event in Colorado, saying the...Read More
Cross-chain lending protocol Radiant Capital has suffered a hack resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million, according to blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol featuring cross-chain functionality built using LayerZero technology. As of the latest data from DefiLlama, the...Read More
The decentralized autonomous organization (DAO) of Ethereum-based layer-2 scaling solution Arbitrum has passed a proposal enabling users to stake the network’s native token, ARB, in exchange for rewards. The proposal was released on October 30, and voting was concluded on November 6, with 66% of ARB holders voting in favor of the proposal and 33%...Read More
Back in 2020, Reddit launched Community Points, an initiative that rewarded high-quality posters by giving them Ethereum-based tokens that could be spent on badges and emojis on the platform. At the time, the experiment seemed fun and allowed users of the platform to show off their flair in a way that proved that they had...Read More
Beluga, a Multichain AMM protocol, recently fell victim to a malicious hacking attack that scooped about $175K in crypto a few hours ago. This is just the latest hacks and cyber attacks that have been clouding the crypto space in 2023, stealing over a billion. Beluga Protocol Attacked As per the reports, this attack targeted...Read More
Lookonchain revealed that Andrew Kang (Co-Founder of the crypto-focused venture capital firm Mechanism Capital) lost over $430,000 in a single day after the recent crash of the digital asset market liquidated his long positions. Kang’s positions opened on August 18 included Bitcoin (BTC), Ethereum (ETH), and Arbitrum (ARB), as he traded with up to 100x...Read More
Binance’s venture capital and incubation arm, Binance Labs, has announced investing $10 million in LayerZero Labs-based lending and borrowing protocol, Radiant Capital. The capital raised in the strategic funding round will be deployed to tech and product development to expand on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, dual-emissions support, abstracted repayments, and...Read More
Arbitrum has managed to rake in a significant market share as demand for Ethereum rollups soars. According to data shared by CoinShares, Arbitrum remains the top destination for capital flows away from Ethereum, among other protocols as well as layer 2s. As of May-end, the network attracted capital worth $4 billion. Closely following Arbitrum is...Read More
Stablecoin issuer Circle announced launching USDC natively on Arbitrum on June 8th. The latest move will replace the currently circulating bridged version of the stablecoin that comes from Ethereum. USDC Will Be Native to Arbitrum A statement released by Circle said Arbitrum will be renaming the Ethereum-bridged version of USDC on block explorers as “USDC.e”...Read More
Doge and its meme-inspired counterparts have welcomed a new member to their ranks – a frog, specifically Matt Furie’s Pepe the Frog. The coin, Pepe (PEPE), is a recent arrival, making its debut on April 18, 2023. Moreover, the excitement around Arbitrum’s ARB token hasn’t faded, as the token recently attracted a resurgence of investor...Read More
Arbitrum – a leading Layer-2 scaling solution for Ethereum – started distributing its governance token (ARB) on April 25th. The airdrop is part of the platform’s roadmap, which designated 1.13% of the overall 10 billion token supply for qualified DAO projects. According to the latest data, Arbitrum has distributed over 90 million ARB worth $120...Read More
The crypto sphere is no stranger to explosive growth, and the latest contender garnering attention in the market is the Arbitrum token (ARB). With the DeFi sector currently gaining momentum following Ethereum’s successful breakout above $2K, layer 2 scaling solutions are becoming increasingly essential. Experts and altcoin traders are closely monitoring the ARB token price...Read More
Despite a messy governance dispute, Arbitrum’s native token – ARB – has emerged as one of the best-performing assets. The latest surge of more than 20% over the last 24 hours pushed the price to $1.573. During the same period, ARB’s trading volume increased by 204% to nearly $2 billion. From whale accumulation to ramping...Read More
After the much pompous launch of the long-awaited Arbitrum token – ARB – rumors and sell-offs dominated the ecosystem due to a conflict between token holders and the Arbitrum Foundation. The popular blockchain tracking platform, Lookonchain, has identified four whales “continually” buying ARB tokens, despite the ongoing drama. Mechanism Capital’s Andrew Kang is one of...Read More
Arbitrum (ARB) token holders, who are using the promising layer 2 scaling solution, are experiencing mixed emotions following the distribution of rewards by the protocol. While some have expressed admiration for the efficiency and quickness of the platform, there have been concerns regarding the practical use of the token. As the ARB token witnessed a...Read More
The Arbitrum Foundation found itself at the receiving end of significant backlash over its governance voting system. The drama centers around the sale of 10 million in ARB tokens for fiat by the Ethereum layer 2 solutions provider even before the community had formally ratified its budget. Following the community outrage, the Arbitrum Foundation acknowledged...Read More
Arbitrum’s much-anticipated token airdrop shook up the crypto space as on-chain activity of the popular layer-2 solution soared to levels not seen before. With the introduction of the ARB token, Arbitrum finally transformed into a DAO. Meanwhile, the hunters of this cash rain raked in an impressive amount of ARB tokens. In the first hour...Read More
Ethereum layer 2 scaling solution Arbitrum has initiated its long-awaited token airdrop, bringing protocol governance rights to the entire community. The governance token, ARB, trades for $1.38 at writing time – falling significantly from when the airdrop began. ARB spiked to $8.67 apiece following its airdrop at 9:05 am ET, before quickly plummeting to nearly...Read More
The much-anticipated Arbitrum ARB governance token airdrop marks the beginning of its transition into a self-executing DAO governance, and the activity on the network has soared to levels never seen before. The Ethereum-layer 2 scaling system that uses Optimistic rollups technology to facilitate faster and cheaper transactions has already been on a roll lately. The...Read More
The eyes of the crypto market are currently on Arbitrum as it seeks to revolutionize the industry in the upcoming days. Arbitrum’s highly anticipated ARB token is set to start trading on 23rd March, so the buzz around this launch is palpable. Furthermore, as an innovative Layer 2 scaling solution for Ethereum, Arbitrum has garnered...Read More
The Arbitrum community has warned users about different fake airdrops pretending to be from the project’s newly launched decentralized Autonomous Organization (DAO). Scammers started creating fake Arbitrum airdrops and phishing websites after the Ethereum layer-2 scaling protocol announced the DAO last week while promising to distribute 12.57% of the governance token ARB to eligible community...Read More
