Arbitrum Based Jimbos Protocol Scurries for Revival After $7M Exploit
Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live. Source
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Arbitrum
Arbitrum DEX Chronos Attracts $170M From Traders in a Single Day; CHR Jumps
Chronos, which launched on April 27, is a so-called (3,3) exchange, using staking as a primary resource for accruing value to its token to achieve store-of-value status. The (3,3) paradigm was made famous by Ethereum-based Olympus DAO – one of the most prominent projects of the previous crypto bull run. Source
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Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade – Bitcoin News
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights a
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Arbitrum Co-Founder Addresses DAO Vote Fiasco, Waves off Allegations of ‘Decentralization Theater’
Although Offchain Labs is, formally speaking, distinct from the Arbitrum Foundation, it would seem reasonable to question if Labs – which built Arbitrum – might be pulling strings behind the scenes. If there was any take away from Goldeder’s address at Consensus, it was his acute awareness that this relationship
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Arbitrum decentralized exchange IAO cancelation draws controversy
On April 26, Xirtam token's scheduled initial airdrop offering (IAO) on the Arbitrum decentralized exchange AlienFi was canceled minutes before launch. It was not immediately clear which party was responsible for the cancelation. In a series of screenshots shared on Twitter, AlienFi alleged that, unbeknownst to the development team, Xirtam had conducted "a
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Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum (ARB) Blockchain
Vertex, which had been operating on a test network, combines an off-chain order book layered on top of an on-chain automated market maker on a decentralized, self-custodial exchange. The firm, which has bases in Singapore and the Cayman Islands, counts Jane Street, Dexterity Capital, Hudson River Trading, GSR, Collab+Currency, JST
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Arbitrum Blockchain Airdrops $120M in ARB Tokens to DAOs; Some Dump, Some Look to Bolster Themselves
For some, like Vesta Finance, the airdrop provided a multimillion-dollar stimulus: The project was eligible for 2.7 million arb tokens, worth just under $6 million, despite holding only $3 million in its treasury. This can allow the project to, over time, sell the tokens to bolster its own development or
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Lido Considers Using Its ARB Airdrop to Boost Activity on Arbitrum
Lido is eligible to claim 772,621 ARB tokens, worth more than $1.2 million at current prices, according to a google doc found in Arbitrum Foundation’s governance documents. Moreover, the proposal states that 33,400 wstETH has been bridged to Arbitrum and that the total number of wstETH transactions on Arbitrum stands
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Total Arbitrum accounts surpass 5M after airdrop hype: Report
According to statistics compiled by user @Henrystats on Dune Analytics, the number of accounts, or wallet addresses, for Ethereum layer-2 scaling solution Arbitrum (ARB) surpassed 5 million on Apr. 17. Aside from individual addresses, there are now more than four million active accounts in the ARB ecosystem with nearly 200
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Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”
A controversial proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by a massive number of votes on April 15. The Improvement Proposal AIP-1.05 was introduced after the Arbitrum Foundation transferred funds without community approval in March. The AIP-1.05 was defeated by 118 million
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