Ad Arbitrum Foundation said it sold 10 million ARB tokens to fund pre-existing contracts and to pay for near-term operating costs. In an April 2 Twitter thread, the Ethereum (ETH) layer2 solution foundation clarified that the token sales were essential for running its operation because it is a separate entity from Offchain Labs and was…
Ad Two malicious players have stolen over a million Arbitrum (ARB) tokens, blockchain security firm Peckshield reported on March 31. According to the report, a wallet “0xbd4E” connected to an exploiter converted 933,375 ARB to 713 Ethereum (ETH) — worth $1.27 million — and bridged those tokens to Ethers mainnet. Another wallet — “0x7AFd,” which…
Ad DappRadar’s latest report on the state of DeFi showed that the industry saw a successful quarter, despite the difficulties it faced at the end of 2022. The ongoing bear market only affected the number of active users interacting with DeFi apps. According to the report, the number of daily unique active wallets (dUAWs) decreased…
Ad Network activity on layer-2 network Arbitrum (ARB) reached a new all-time high of 2.7 million transactions on March 23 — doubling that of the Ethereum (ETH) mainnet. According to Dune analytics data, ETH mainnet processed 1.07 million transactions — while rival layer-2-solution Optimism recorded 228,684 transactions. Arbitrum Daily Transactions (Source: Dune Analytics) On March…
Ad Arbitrum’s newly airdropped token ARB price dropped by around 90% to $1.20 as investors rapidly dumped their token, according to CryptoSlate’s data. During the first hour of its claim, the ARB token traded for $3.99 on decentralized exchange (DEX) Uniswap and above $5 on centralized exchanges like KuCoin, Kraken, and OKX. During the period,…
Ad Network activity on Arbitrum has been booming, with the popular Ethereum layer-2 solution seeing an unprecedented uptick in the number of transactions and addresses. According to data from Arbiscan, the network processed over 1.3 million transactions on March 21 — up from 1 million transactions recorded on March 20. The sharp increase in the…
Ad Ethereum layer2 solution Arbitrum would airdrop 112.8 million ARB tokens to 137 decentralized autonomous organizations (DAOs) on its ecosystem on March 23. Arbitrum says airdrop is not a retroactive grant In a March 21 Twitter thread, Arbitrum said the airdrop was not a retroactive grant. Instead, it was a way of empowering the sub-communities…
Arbitrum’s decentralized exchange (DEX) transactions volume rose to a new all-time high (ATH) in each of the last two weeks, according to DeFillama data. Over the past seven days, DEX transactions increased 32.41% to $4.34 billion. For the week starting March 5, transaction volume on Arbitrum had surged to $3.28 billion. Arbitrum’s Weekly DEX Volume…
The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $24,720.74 and BTC market dominance is %. The price of Ethereum is $1,648.97 and ETH market dominance is %. The best performing cryptoasset sector is Charity, which gained 2%.
Riptide, a white hat hacker that discovered a vulnerability on Arbitrum, tweeted that his find was eligible for the max bounty reward of $2 million instead of the 400 ETH ($53,000) reward he got. No big deal just bridging a cool $470mm through the same Inbox contract 👀 Definitely should be eligible for a max…