Category: Arbitrum

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Arbitrum (ARB) Showcases Strong Momentum Amid General Market Sentiment 

The trajectory of Arbitrum (ARB) is currently under intense scrutiny, fueled by recent data revealing a remarkable surge of over 95% in the past month. The cryptocurrency community is abuzz with discussions, particularly regarding potential airdrop-related influences on the ARB token’s price. Arbitrum, a prominent Ethereum Layer 2 scaling solution, faced a dip in its price, reaching $0.74 after achieving an all-time high of $11.79 in May. This decline was attributed to profit-taking activities and the impact of airdrop sales that gained attention in April 2023. 🌟 Four out of the top ten $ARB DAO airdrop receivers still hold 70%+

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Arbitrum Witnesses Surge In TVL Amidst Successful Incentive Program

Arbitrum, a prominent layer 2 scaling solution for Ethereum, has experienced a notable surge in Total Value Locked (TVL) following the introduction of its Short Term Incentive Program (STIP). Launched with the intention of distributing 50 million $ARB to Dapps within the ecosystem, the program aims to catalyze network and ecosystem growth, with all incentives set to be distributed by January 31, 2024. 1/8 Arbitrum’s $ARB incentive program is showing early signs of success Since launch: TVL is up by 26%. New users up 27%. Some protocols seeing 50x growth per $ spent on incentives Let’s dive in 👇 —

The post Arbitrum Witnesses Surge In TVL Amidst Successful Incentive Program appeared first on The Merkle News.

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