Tag Archives: Arbitrum

EigenLayer Founder Reiterates Support For Ethereum, Why Is ETH Struggling?

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Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain. Over the years since launching, it has been gulping up more market share from Ethereum, cementing… Continue reading EigenLayer Founder Reiterates Support For Ethereum, Why Is ETH Struggling?→

Synthetix’s Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?

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Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant. Arbitrum Holders Vote Against Synthetix Proposal The goal was to support the launch of Multi-Collateral Perps. The… Continue reading Synthetix’s Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?→

ARB Surges Nearly 10% As Franklin Templeton Launches Fund on Arbitrum

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Financial asset manager giant Franklin Templeton is the latest merging legacy financial mechanisms with blockchain technology. This leading global asset management firm expanded its digital asset integrations by launching its OnChain US Government Money Fund (FOBXX) on the Arbitrum network. Following this debut, Arbitrum network native token ARB has seen a significant surge in market… Continue reading ARB Surges Nearly 10% As Franklin Templeton Launches Fund on Arbitrum→

Arbitrum Orbit Chain Users To Pay Gas Fees Using USDC: Why Is ARB Down 80%?

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Users of Arbitrum orbit chains, layer-3 solutions for Ethereum built on top of the platform’s technology stacks, can now pay gas fees using USDC. The move comes even as ARB, the native token of the Ethereum layer-2, continues to post lower lows, pushing losses to nearly 80% since January 2024 highs. Arbitrum Orbit Chains Support… Continue reading Arbitrum Orbit Chain Users To Pay Gas Fees Using USDC: Why Is ARB Down 80%?→

ARB Market Plummets 14%, But New Developments Could Reverse The Trend

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Arbitrum resumes its drive downward along with the broader market downturn investors are experiencing today. According to the latest market data, ARB is down nearly 14% since last week, putting more pressure on the bulls to slow the bearish tide.  However, there are several developments on the platform that might affect investor perception in the… Continue reading ARB Market Plummets 14%, But New Developments Could Reverse The Trend→

Arbitrum Attracts Over 48% Of Assets From Ethereum: Why Is ARB Down 68% In 7 Months?

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ARB, the native token of Arbitrum, the Ethereum layer-2 solution, is down 68% from January 2024 highs. However, there is good news: While ARB holders “suffer” in the face of unrelenting bears, positive on-chain developments reveal a platform that is not only the largest by total value locked (TVL) but also brimming with potential. Over… Continue reading Arbitrum Attracts Over 48% Of Assets From Ethereum: Why Is ARB Down 68% In 7 Months?→

Optimism Activates Fault-Proofs On Mainnet, OP Is Down 55% In 3 Months

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In a major milestone for Ethereum and layer-2s, Optimism, a layer-2 scaling platform for the second most valuable network, has announced the activation of open source and permissionless fault proofs. Even though the platform manages over $7 billion of assets, according to L2Beat, Optimism, like most optimistic rollups, lacked a way of trustlessly verifying transactions.… Continue reading Optimism Activates Fault-Proofs On Mainnet, OP Is Down 55% In 3 Months→

Arbitrum DAO Agrees To Distribute $216 Million In Funding – Here’s What You Should Know

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The Arbitrum Foundation, a Decentralized Autonomous Organization (DAO) tasked with developing and nurturing the Arbitrum ecosystem, has approved the start-up of a support fund aimed at developing projects in its gaming ecosystem. The organization has revealed plans to distribute a whopping $216 million to improve its gaming ecosystem. Arbitrum To Allocate $216 Million For Gaming… Continue reading Arbitrum DAO Agrees To Distribute $216 Million In Funding – Here’s What You Should Know→

Arbitrum Prints TD Buy Signal: Trend About To Flip?

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An analyst has pointed out how Arbitrum (ARB) has formed a Tom Demark (TD) Sequential buy signal on its weekly chart recently. Arbitrum May Have Hit A Point Of Reversal According To TD Sequential In a new TD Sequential” is an indicator in technical analysis generally used for locating probable reversal points in any asset’s… Continue reading Arbitrum Prints TD Buy Signal: Trend About To Flip?→

Uniswap On Arbitrum Nears $150 Billion In Swap Volume

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Uniswap, one of the world’s largest decentralized exchanges (DEX) by total value locked (TVL), is approaching a major milestone on Arbitrum, the largest layer-2 by TVL on Ethereum. According to data from Dune Analytics shared by Uniswap Labs, Uniswap on Arbitrum is on the cusp of surpassing a staggering $150 billion in total swap volume. Riding The… Continue reading Uniswap On Arbitrum Nears $150 Billion In Swap Volume→