The whale address starting with 0x6950 withdrew 1.7 million ARB from Binance 1 hour ago
Scopescan monitoring display, a whale address starting with 0x6950 withdrew 1.7 million ARB (approximately 1.89 million US dollars) from Binance. Currently, the address holds a total of 10.1 million ARB (approximately 11.21 million US dollars).
The Arbitrum community passed the "Activate ARB Staking" proposal, and 100 million ARB will be used to fund the staking mechanism
On November 6th, according to the Snapshot governance page, the Arbitrum community has passed the "Activate ARB Staking" proposal, with the result showing that the community supports funding the staking mechanism with 100 million ARB tokens (1% of the total ARB supply). This is aimed at providing incentives for long-term holders and further stimulating and consolidating the community's long-term development. In the next 12 months, this new mechanism will be monitored by the "Arbitrum Alliance" to collect data and assess its impact on the ecosystem.
An hour ago a whale address withdrew 1.7 million ARB from Binance
According to Scopescan monitoring, an address starting with 0x6950 withdrew 1.7 million ARB (worth $1.89 million) from Binance an hour ago. Prior to this, 0x6950 used its ARB as collateral on Aave to borrow stablecoins and purchase more ARB. Currently, the address holds a total of 10.1 million ARB (approximately $11.21 million).
The total number of transactions on the Arbitrum chain exceeded 400 million, an increase of more than 100% in the past six months.
On November 4th, Dune data shows that the total number of transactions on the Arbitrum chain has exceeded 400 million, with over 11 million created accounts and approximately 3.75 million contracts on the chain.
Previously, the total number of transactions on the Arbitrum chain exceeded 200 million in mid-April of this year, and has doubled in the past six months.
The whale, which previously lost $1.3 million on ARB, bought 2.51 million ARB
According to Lookonchain monitoring, the whale who previously lost 456 ETH ($1.3 million) on ARB, bought 2.51 million ARB 7 hours ago for 1.433 ETH ($2.62 million) at a price of $1.04.
Arbitrum community launches "Activate ARB Staking" proposal
According to Snapshot governance page on November 3, the Arbitrum community initiated a proposal to "activate ARB staking."
The proposal suggests that since ARB has no native utility or earnings, it is recommended to approve the creation of the aforementioned staking contract and allocate 1.75%, 1.5%, 1.25%, or 1% of the total supply of ARB in the DAO treasury to the staking contract, and distribute it through the proposed locking mechanism during a 12-month experimental period.
Radiant Capital launches on Ethereum and will airdrop 500,000 ARB tokens to 6-12 month dLP lock holders
Multi-chain lending protocol Radiant Capital has been launched on Ethereum with support from LayerZero Labs, Stargate, and Balancer. They will airdrop 500,000 ARB tokens to dLP lockers on the mainnet for 6-12 months.
Polyhedra Network announces building zkBridge on Arbitrum to bring secure and efficient interoperability
According to an official announcement, Polyhedra Network is building zkBridge on Arbitrum to bring secure and efficient interoperability. zkBridge enables fast settlement of cross-chain transactions from Arbitrum One and Nova to other networks, supported by a decentralized auxiliary verification network. The integration of zkBridge and Arbitrum Stylus simplifies smart contract creation and improves efficiency. Arbitrum Stylus promotes user-friendly zk proof usage, enhances security with private contracts, and enhances zk oracle, thus changing the interaction of smart contracts.
Data: A certain whale spent 843 ETH to purchase 1.61 million ARB
According to Lookonchain monitoring, 11 hours ago, a whale spent 843 ETH ($1.5 million) at an average price of $0.95 to buy 1.61 million ARB. The whale has been providing liquidity on ARB since October 23 to earn transaction fees.
PlutusDAO has begun voting on the proposal to launch ARB token staking, and Arbitrum’s proposal to provide 175 million ARBs is temporarily ahead.
On October 30th, PlutusDAO began voting on the proposal to launch ARB token staking. The proposal from Arbitrum DAO, which offers 175 million ARB tokens, is currently leading with a 99.8% share.
