The Arena, a social protocol of the Avalanche ecosystem, announced that the release of its ARENA token will be delayed until late July. The team stated that this decision was made with the consideration of the overall situation and is the best decision for users, products, and upcoming plans. In addition, the team will deploy a new security wallet solution and will announce the token release date 7 days before the release, as well as release the token economics.

Previously, The Arena announced the release of V2 Beta version to address some of the product issues that hinder the platform's wider adoption. The team stated that it will release a series of new features to continue improving the product and adding new creator tools, achieving higher profits.