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Pocket Network forms a merger with Arbitrum One
7.2.2023
Pocket Network happens to have formed a much official merger with Arbitrum One. This was carried out to facilitate the transfer of the power of the decentralized RPC framework to the chain. Arbitrum one happens to be one of the most sought-after and new-age layer 2 upgrading solutions where...
DeFi Lender Aave to Distribute Lido Staking Rewards on Arbitrum and Optimism
7.2.2023
The Aave community has favorably voted on a proposal to permit Lido DAO to distribute token rewards across liquidity pools on three networks
Metaline selects Arbitrum for max utilization of opportunities
7.2.2023
Metaline happens to be extremely excited in making their formal announcement of having selected Arbitrum for their first and formal positioning. The reasons happen to be many, but the prime factor that overtook everything else is the fact that it happens to be, as of date, the quickest-growing...
NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements
5.2.2023
Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81%...
Options Automated Market Maker Lyra Deploys to Arbitrum Network
3.2.2023
With the Newport upgrade, Lyra is also now integrated with GMX perpetuals, allowing users to benefit from improved capital efficiency and user experience
Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
3.2.2023
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As...
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse
2.2.2023
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back...
Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures
31.1.2023
A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such...
Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum
27.1.2023
The utility token has rallied 50% in the past 24 hours and more than doubled since Wednesday ahead of the release of its widely anticipated beta version next week
Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum
27.1.2023
Trading volumes on Gains Network deployed on Arbitrum reached $230 million in the past 24 hours alone, data shows
MYSO goes live on the Arbitrum Goerli Testnet for L2 expansion
25.1.2023
MYSO recently announced going live on the Arbitrum Goerli Testnet. The DeFi protocol released a string of tweets on its official channel about the launch. According to the tweets, Arbitrum users can now access Zero-Liquidation loans from MYSO Finance. The move falls in line with MYSO’s attempts...
Arbitrum Nova and Elixir team up to work on Web3 gaming
24.1.2023
Both entities, Arbitrum Nova and Elixir, are ecstatic about the potential of their profitable partnership. This collaboration aims to boost the overall growth potential of the Web3 gaming industry. This will be accomplished by effectively exploiting the services provided by Arbitrum Nova and, as...
Soaring growth of Ethereum layer-2 networks set to continue in 2023
19.1.2023
Leading layer-2 networks on Ethereum have seen a surge in daily active users and fees recently
Ethereum Gas Fees Spike as ETH Value Rises: Average Onchain Fees Jump by More Than 50%
19.1.2023
While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93...
Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count
16.1.2023
Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain...
GumBall Protocol goes live on Arbitrum
12.1.2023
GumBall Protocol has gone live on Arbitrum. The news was shared by GumBall Protocol on Twitter, adding that more information will be shared on the official Discord channel. Meanwhile, followers can retweet the announcement to claim one free LiquiCat, an NFT collection that is currently in...
Optimism and Arbitrum flip Ethereum in combined transaction volume
11.1.2023
The two layer-2 networks processed more than 1.1 million transactions combined on Jan. 10
Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion
9.1.2023
Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January...
OpenSea announces support for Arbitrum Nova
9.1.2023
Arbitrum Nova is now supported by OpenSea, the largest marketplace for non-fungible tokens and digital collectibles. OpenSea will also join DAC, short for Data Availability Committee, to provide access to on-chain data and improve data accuracy. The new outcome of the partnership where OpenSea...
Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation
5.1.2023
According to onchain research, wallets connected to Sam Bankman-Fried, the disgraced co-founder of FTX, transferred a significant number of previously unreported transactions across various blockchains. The transfers were discovered by Conor Grogan, a director at Coinbase, and while most of...