Parallel will open Early Access test network next Monday
On March 3rd, L2 Parallel Network based on Arbitrum announced on social media that it will open its Early Access testnet next Monday, aiming to provide momentum for the entire chain liquidity network, while also providing rewards and incentives for early users.
Arbitrum bridge storage TVL exceeds 3.46 million ETH
According to Dune data, ChainCatcher reports that the TVL (total value locked) of the cross-chain bridge storage of Arbitrum, an Ethereum Layer 2 scaling solution, has exceeded 3.46 million ETH, reaching 3,461,534 ETH. The number of users participating in bridging transactions has exceeded 700,000, currently at 704,310.
Arbitrum to launch governance bootcamp at ETH Denver 2024
According to official sources, Arbitrum, the Ethereum Layer 2 scaling solution, announced the launch of the ArbitrumDAO training camp at the first GovHack of ETH Denver 2024, including governance training camp and Arbitrum community open day, allowing builders to interact with key DAO members in real time and make progress in proposals, key ideas, and workflows.
Arbitrum DAO explores funding to boost Web3 game development
Arbitrum DAO is discussing funding to support Web3 games, with development stages receiving between $100,000 and over $1.5 million. Web3 game contributors including XAI, TreasureDAO, and Helika have contacted ArbitrumDAO to discuss potential funding allocations aimed at supporting Web3 game development. The discussion suggests structured funding allocations at various stages of game development, with initial game development offering $100,000 to $1.5 million, $250,000 to $500,000 from alpha to beta stages, and over $1.5 million for game release and growth stages.
Offchain Labs has submitted the ArbOS 20 Atlas AIP proposal in the Arbitrum community
Offchain Labs has submitted the ArbOS 20 Atlas AIP proposal to the Arbitrum community. The voting will start at 07:27 on February 17th Beijing time and end at 07:28 on March 2nd. The AIP proposes multiple improvements to Arbitrum, including the ability to publish batch L2 transactions in Blob form on Ethereum at a cheaper price using EIP-4844, support for most of the changes included in the Ethereum Dencun upgrade, and two improvements to the batch release of Arbitrum One and Nova. The proposed ArbOS 20 Atlas upgrade will be available for adoption by any Arbitrum; the proposal involves Arbitrum One and Nova because they are governed by the Arbitrum DAO. At a higher level, the ArbOS upgrade can be seen as a hard fork of Arbitrum.
Arbitrum Foundation announces start of second phase of funding program
The Arbitrum Foundation announced the start of the second phase of its funding program.
Four of the top ten ARB DAO airdrop recipients still hold more than 70% of ARB
According to Spot On Chain monitoring, among the top ten recipients of ARB DAO airdrop, four still hold over 70% of ARB, currently worth 15.74 million ARB (35.89 million US dollars). In the past 24 hours, after ARB price soared 23% to a new ATH of $2.38, its ARB value increased by about $7.08 million.
Unibot adds support for Arbitrum
Unibot announced on the X platform that it now supports Arbitrum, allowing users to seamlessly bridge to Arbitrum through Stargate Finance.
The trading volume of DEX on the Arbitrum chain was US$884 million on January 5, a decrease of approximately 51.8% from the previous day.
According to DeFiLlama data, the trading volume of Arbitrum's on-chain DEX was $884 million on January 5th, a decrease of approximately 51.8% from the previous day's $1.834 billion, currently ranking third. In addition, the trading volume of Ethereum's on-chain DEX was $1.6 billion on January 5th, ranking first, while Solana ranked second with $1.147 billion.
Arbitrum's ARB Token Reaches Record High as Total Value Locked Surpasses $2.5 Billion
Arbitrum's ARB token reached a new all-time high of nearly $2 on Wednesday, with a total value locked of over $2.5 billion. The surge in price, up 10% in the past 24 hours, has outperformed the broader crypto market, while on-chain volumes on Arbitrum-based applications surpassed $920 million. The influx of traders to Arbitrum has surpassed Solana-based applications, which boomed after a meme coin-led frenzy in December. The token incentives offered by Arbitrum have contributed to increased attention towards ecosystem plays, with users of decentralized exchanges GMX and Gains Network benefiting from increased rewards and lower fees.
