Arbitrum announces launch of ARB token, but here’s the caveat
Suzuki Shillsalot
17 Mar 2023 7:30 PM
The ARB token will be airdropped to eligible community members on 23 March. The number of total layer-2 transactions jumped to a record high. Arbitrum, the popular layer-2 solution, registered a sharp increase in trading activity on its network. As per Dune Analytics, the number of daily transactions went past 1.4 million on 16 March. […]...
- The ARB token will be airdropped to eligible community members on 23 March.
- Arbitrum registered a sharp increase in trading activity on its network, with the number of daily transactions going past 1.4 million on 16 March.
- The launch of the governance token will enable holders to vote and propose changes regarding Arbitrum One and Arbitrum Nova networks, marking Arbitrum’s transition to a full-fledged decentralized autonomous organization (DAO).
- On top of this, there was a considerable jump in Arbitrum’s total value locked (TVL), which rose by 86% on a year-to-date basis.
The article has a positive sentiment as it highlights the success of Arbitrum's layer-2 solution and the launch of its governance token, which is expected to further boost its growth.
Related Questions
When will the ARB token be airdropped to eligible community members?
What was the number of daily transactions on Arbitrum's network on 16 March?
What is the purpose of the governance token launched by Arbitrum?
How much did Arbitrum's total value locked (TVL) rise on a year-to-date basis?
Which decentralized derivative exchange had a dominance of more than 38% in Arbitrum's TVL?
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