![]() ![]() Current data from analytics site DeFi Llama reveals that almost $2.11 billion worth of tokens is locked up inside Arbitrum’s smart contracts, indicating its popularity among DeFi traders. Last month, the Arbitrum team announced the upcoming release of the ARB governance token, which would provide token holders the right to vote on and propose network modifications. In the realm of decentralized finance (DeFi), this is helpful for those who wish to make speedy deals. In order to reduce the cost and increase the speed of utilizing Ethereum’s blockchain, transactions will be settled on a separate chain and then reported back to the main chain. Rising Popularity Among DeFi TradersĪrbitrum is an Ethereum network scalability solution. But, that high didn’t last long, and the price has been reasonably stable ever since the decline. Come see why our cryptocurrency exchange is the best place to buy, sell, trade and learn about crypto. On March 23, ARB reached an all-time high of $11.80 for a short period of time. Kraken is more than just a Bitcoin trading platform. Moreover, Dune has compiled public blockchain statistics showing that 81 percent of the tokens have already been claimed and that $2.5 billion worth of ARB tokens have changed hands in the previous day.Īccording to statistics provided by CMC, the price of ARB has increased by 8% in the last 24 hours, to $1.31 at the time of writing. After the project released the much-anticipated token to users of the Ethereum scaling network, as of this writing CMC ranked it as the 37th biggest digital asset by market valuation. $2.5 billion worth of ARB tokens have changed hands in the previous day.Īfter the recent airdrop, the price of Arbitrum’s native ARB was highly volatile, eventually settling within the top 40 most valuable cryptocurrencies.As of this writing CMC ranked it as the 37th biggest digital asset by market valuation.Posted on Ma(March 26, 2023), 1:19 pm by Imran 3 months ago | 2 mins read Altcoin News
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