Coinbase's Layer 2 Ethereum Network Base has surpassed Arbitrum (ARB) as the leading rollup by total value locked (TVL). ARB is facing challenges despite its alleged potential, evidenced by a consistent decrease in its token value. It recently reached an all-time low, with some predicting more lows in the years to come.
Arbitrum DAO has started implementing staking and governance upgrades to enhance ARB's utility. Meanwhile, a controversial crypto firm, Prometheum, has treated both Uniswap and Arbitrum's tokens as securities, a move that raised eyebrows in the crypto community. On a brighter note, Arbitrum aims to stimulate gaming innovation through the distribution of $215M in ARB tokens, while a proposal to launch a staking pool for ARB tokens was unanimously approved. Furthermore, some whale movements and token unlocks on the ARB network have attracted attention, sparking speculation on the future trajectory of the ARB price. Despite facing security breaches and consecutive weeks of major losses, ARB remains a strong competitor for Layer-2 solutions. Still, some Ethereum holders are now looking beyond Arbitrum and considering solutions like Rollblock that offer high potentials. As the crypto market expects a crucial altcoin season, many are eyeing promising tokens like ARB despite its troubled past performance. Nonetheless,
Arbitrum aims to bounce back with initiatives such as a mainnet launch dubbed 'Stylus' due in September 2024. Analysts and investors continue to spectate from the sidelines, waiting for ARB's potential turnaround.
ARB Coin News Analytics from Thu, 10 Nov 2022 11:08:48 GMT to Tue, 15 Oct 2024 16:25:19 GMT -
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- Information 5
- Rumor -3
