In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols, including Arbitrum and OP Mainnet, Artemis data from September 25 reveals. Artemis, an institutional data platform for digital assets, shows that the number of daily active addresses on NEAR Protocol has been consistently…
Arbitrum has managed to maintain its place amongst the top names in decentralized finance (DeFi) despite the unfavorable conditions gripping the space in 2023. However, the price of ARB (the network’s native token), met with a euphoric welcome in March, has been struggling. The Arbitrum token’s price tumbled to a new historical low of $0.747217…
GMX, the native token powering GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is under intense selling pressure when writing on August 11. Trackers show that the governance token is down 7% on the last trading day, pushing monthly losses to 24%. This downturn has seen prices tumble close to $40, a critical…
Scope data on July 31 shows that 29 meme coins were launched over the weekend on Base to capitalize on the recent frenzy surrounding BaldBaseBald (BALD), a meme coin inspired by Coinbase CEO Brian Armstrong. However, all 29 meme coins have since been rugged, with the deployer exiting with over $1 million after seeding roughly $105,000 of…
Arbitrum (ARB), a Layer-2 scaling solution for Ethereum, has been on an eventful journey, with its promise of enhanced scalability and efficiency facing continuous scrutiny. Recent downtime incidents and declining metrics have raised concerns among investors and users, challenging the network’s resilience. This kind of downtime raises concerns about the network’s stability and the potential…
Through the bear market, Arbitrum (ARB) has been one of the tokens that have managed to hold on to a significant amount of its all-time high value. Along these same lines, the digital asset is one of the few tokens currently flashing a green bullish flag, and accumulation has ramped up as a result of…
Arbitrum DAO recently took a step toward addressing an obstacle. The DAO has committed to locking 700 million ARB tokens, valued at an estimated $770 million, into a vesting contract to foster transparent governance and accountability, per a community proposal. The approval for this commitment came from an improvement proposal introduced during a contentious period…
In a recent community call, the team behind the Ethereum Name Service (ENS) revealed plans to adopt a Layer-2 platform in light of increasing gas fees on the mainnet. In response to this planned move, ENS prices climbed roughly 10%, floating higher with increasing trading volumes, evident in the daily chart. The Ethereum Name Service ENS…
Arbitrum (ARB)’s gains have been tempered by various challenges, hindering its further upswing. The declining inflows of stablecoins on the Arbitrum network have raised concerns among investors and enthusiasts alike, as it signals potential obstacles for the growth and development of the decentralized finance (DeFi) sector. As a Layer-2 scaling solution for Ethereum, Arbitrum initially…
The Arbitrum (ARB) token has been on the rise lately, with a 20% price increase in the past seven days. The cryptocurrency is the native token of the Arbitrum network, which is a Layer-2 scaling solution for the Ethereum blockchain. This protocol is designed to boost transaction speed, enhance scalability, and improve privacy on the Ethereum…