Dune Data Reveals Over 650 Million Arbitrum Tokens Claimed in Air Drop
According to reports, Dune data shows that more than 650 million Arbitrum Tokens (ARBs) have been claimed, accounting for 55.94% of the air drop supply. The number of applications
According to reports, Dune data shows that more than 650 million Arbitrum Tokens (ARBs) have been claimed, accounting for 55.94% of the air drop supply. The number of applications for addresses has exceeded 339000.
Data: More than 55% of ARB air drops have been claimed
Dune Analytics, a leading blockchain analytics platform, has released new data showing that over 650 million Arbitrum Tokens (ARBs) have been claimed in the recent air drop. This amounts to 55.94% of the total supply of ARBs, indicating significant demand for the tokens. This article explores the significance of the air drop, the growth of Arbitrum, and the implications for the broader crypto ecosystem.
What is Arbitrum?
Arbitrum is a layer 2 scaling solution for Ethereum that aims to reduce transaction costs and increase network capacity. Specifically, Arbitrum uses a technology called Optimistic Rollups, which allows for off-chain computation and verification of transactions before submitting them to Ethereum. This method significantly reduces gas fees and increases transaction speed, making it a popular choice for decentralized applications (dApps) that require high throughput and low costs.
The Air Drop
In September 2021, Arbitrum launched its first air drop, which distributed 1 billion ARBs to users who had interacted with the protocol before a certain date. The air drop was designed to reward early adopters and incentivize further adoption of the protocol. Within weeks, over 650 million ARBs had been claimed, indicating significant demand for the tokens.
Why is the Air Drop Significant?
The Arbitrum air drop is significant for several reasons. First, it demonstrates the growing interest in the protocol and the potential for layer 2 scaling solutions. As Ethereum faces congestion and high fees, many developers and users are turning to alternative solutions like Arbitrum to lower costs and increase transaction speed. The air drop is a signal that these efforts are being recognized and rewarded.
Second, the air drop is a strategic move by Arbitrum to build a strong and engaged community around its protocol. By rewarding early adopters, Arbitrum is incentivizing them to continue using the protocol and encouraging others to do the same. This could help drive further adoption of the protocol and build a sustainable ecosystem around it.
The Growth of Arbitrum
Since launching in August 2021, Arbitrum has quickly grown in popularity and adoption. According to Dune Analytics, the number of applications for addresses has exceeded 339,000, indicating strong demand for the protocol. Additionally, there has been significant growth in the total value locked (TVL) on the Arbitrum network, with over $3 billion currently locked in various protocols and dApps.
Implications for the Crypto Ecosystem
The growth of Arbitrum and the success of its air drop have broader implications for the crypto ecosystem. First, it shows that there is significant demand for layer 2 scaling solutions, indicating that Ethereum needs to improve its scalability to remain competitive. Second, it highlights the importance of incentivizing early adopters and building strong communities around protocols, which is crucial for long-term success in the crypto space.
In conclusion, the Arbitrum air drop has been a significant event for the crypto community, demonstrating the growing interest in layer 2 scaling solutions and the potential for community-driven adoption. As the crypto ecosystem continues to evolve, it will be interesting to see how protocols like Arbitrum shape the future of decentralized finance (DeFi) and blockchain technology.
FAQs:
1. What is Arbitrum’s TVL?
Arbitrum’s total value locked is currently over $3 billion.
2. What is the significance of the air drop?
The air drop demonstrates the growing interest in Arbitrum and layer 2 scaling solutions and incentivizes further adoption of the protocol.
3. How does Optimistic Rollups work?
Optimistic Rollups is a technology that allows for off-chain computation and verification of transactions before submitting them to Ethereum, reducing gas fees and increasing transaction speed.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9532/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
BinaryX Set to Complete Token Split, Implying Utilization of Dynamic Scenarios for Blockchain Structures
According to the official news, BinaryX, the meta universe chain game platform, is expected to complete the split of Token at 16:00 on February 23, and decentr…
-
Threshold Network Launches thUSD Stablecoin Based on tBTC Collateral
According to the official news, the privacy network Threshold Network announced that it would launch the US dollar stable currency thUSD based on tBTC. The stable currency uses the Liquidity protocol mechanism for reference, and uses tBTC (bridging Bitcoin to the derivative token generated by Ethereum through the cross-chain solution of Threshold Network) as the collateral to generate USD stable currency thUSD. Threshold Network, a private network, will launch thUSD, a stable dollar based on tBTC Analysis based on this information:Threshold Network, a privacy network, has announced the launch of the US dollar stablecoin thUSD which is based on tBTC collateral. The stable currency will use the Liquidity protocol mechanism for reference, and tBTC (bridging Bitcoin to the derivative token generated by Ethereum through the cross-chain solution of Threshold Network) as the collateral to generate USD stable currency thUSD. Stablecoins are digital currencies designed to maintain a stable value relative to another asset or group of assets. These stablecoins serve…
-
Cryptocurrency Investment Company Paradigm Argues That SEC’s Disclosure Framework is Not Suitable for Cryptocurrency Market
According to reports, cryptocurrency investment company Paradigm stated that the current SEC disclosure framework is \”not suitable\” for the cryptocurrency market. The difference be
-
LiveArtX Launches NFT Series X Card for Collectors and Creators
It is reported that the NFT platform LiveArtX will launch an NFT series X Card specifically designed for collectors and creators on April 5. The series NFT will provide an ecosystem around ART tokens to build around utilities related to purchasing and holding art and interacting with the art world, including creators, collectors, art institutions, and other partners. NFT platform LiveArtX will launch NFT series X Card on April 5th Analysis based on this information:The NFT platform LiveArtX has announced a new development in the world of non-fungible tokens (NFTs), the launch of their NFT series X Card on April 5. This series is specifically designed for collectors and creators, providing an ecosystem around ART tokens to build utilities related to purchasing and holding art and interacting with the art world. NFTs have been slowly gaining popularity in the past few years as a new way to own digital assets such as artworks, music, and even tweets. What distinguishes NFTs…
-
The Significance of the 5 Million STEEM Transfer to Upbit
According to reports, according to Whale Alert monitoring, 5 million STEEMs have been transferred from unknown wallets to Upbit.
5 million STEMs transferred from unknown wallets to -
Why Bitcoin Stands Out (I don’t need Bitcoin to be valuable, I’ll be fine without it)
Why does Bitcoin stand out in the global financial market? Bitcoin is considered
-
What currency did x3 dig (which platform is x3)
x3 Dig what currency According to the official website of x3 Dig what currency, X3 uses smart contracts to cross chain assets and achieve decentralized digital currency transactions According to the data released by the project team, more than 1 million addresses are currently using x3 to participate in Ethereum and EOS ecosystems through smart contracts, including x3, x2rms, c3r, eosioprotocol, eosfomo and other tokens. According to the official of x3, this protocol will provide users with a seamless and secure opportunity to exchange Cryptocurrency (such as ETH/WBTC). Which platform is x3Which platform is x3? It is a completely decentralized Ethereum based protocol. Users can create and trade various Cryptocurrency on this platform, and earn interest by using XTZ tokens x3 currently supports the following types of tokens: 1. USDT: used to manage borrowing and lending of digital assets (such as US dollars or euros) 2. BTC/USDC: 1 x 3 Stablecoin 3. 3 BTCs=1 Bitcoin 4, 5 ETH=100 x 3…
-
The Downfall of OneCoin’s Encryption Queen’s Ex-Boyfriend
On February 20, it was reported that Gilbert Armament, the ex-boyfriend of Ruja Ignatova, co-founder of OneCoin, a Ponzi scheme of encryption (also known as \”e…
-
Bitcoin Network Stats: Transactions, Computing Power, and Difficulty
According to reports, according to BTC.com data, the current number of unconfirmed transactions across the Bitcoin network is 28252, the overall network computing power is 321.62 EH/s, and the 24-hour transaction rate is 3.08 transactions/s. Currently, the overall network difficulty is 43.55 T. It is predicted that the next difficulty will be increased by 2.20% to 44.51 T. There are still 4 days and 13 hours left before the adjustment. The number of unconfirmed transactions across the Bitcoin network is 28252 Analysis based on this information:The Bitcoin network is a complex system that comprises several interconnected components that work in unison to enable the smooth operation and security of transactions. Many factors impact the network’s performance, such as the number of unconfirmed transactions, computing power, difficulty, and transaction rate. Recently, BTC.com published data indicating that there are 28,252 unconfirmed transactions across the Bitcoin network. This is a potential cause for concern because unconfirmed transactions can cause blockages in the network…
-
NFT Gaming Approved for Listing on NASDAQ Capital Market
It is reported that NFT Gaming, a digital game development company, has announced that the company has been approved to list its common shares on the NASDAQ ca…
-
Copper Crypto Hosting Company Lays Off Employees Amid a Challenging Crypto Industry
According to reports, Copper, a crypto hosting company, said that in the difficult market environment affecting the crypto industry, the company has streamlined its business and fa
-
Crypto Partners with Protocol Labs to Provide Auditing Platform for Filecoin Mining Companies
On March 15th, it was announced that Crypto, an institutional level crypto accounting platform, has reached a partnership with Protocol Labs, the company behind Filecoin, to help Filecoin related mining companies fulfill their audit obligations – an important factor in the company’s search for listing. Crypto provides accounting, auditing, and tax software for encryption companies. According to a press release, the company will now allow Filecoin mining companies to generate accounting reports required for financial audits through the Public Company Accounting Oversight Board (PCAOB). Crypto, a cryptographic accounting platform, cooperates with Protocol Labs Analysis based on this information:On March 15th, Crypto and Protocol Labs announced their partnership to provide an institutional-level crypto accounting platform for Filecoin mining companies. The partnership aims to help these companies fulfill their audit obligations which have become a significant factor in their search for listing. By leveraging Crypto’s accounting, auditing, and tax software, Filecoin mining companies will be able to generate accounting reports necessary for…
-
What is the okex platform currency (is the okex currency platform legal)
What is OKEX platform currency? According to official news, there have been media reports recently that a certain exchange has launched OKEX platform currency. It is reported that according to the announcement, most of the current trading pairs on the market are dominated by Bitcoin and Litecoin, and there is no delivery date, so the price is relatively low; If calculated at current prices, the platform’s platform currency rate would be approximately 1 USD. One OKEX user purchasing 100000 tokens is equivalent to a distribution token (worth approximately 100 RMB) According to the introduction, OKEx is a digital asset comprehensive service platform developed based on blockchain technology. With over 5 million registered users worldwide Is the OKEX coin platform legalAccording to Caijing, recently media reports have reported that the OKEx coin platform has serious illegal issues. According to statistics, as of June 1, 2018, investors from at least 100 digital currency trading platforms have been scammed with amounts of around…
-
BTC Futures Contracts on Deribit Soar to an 8-Month High
According to reports, data shows that the open position of BTC futures contracts on Deribit reached an 8-month high of $894387,600.
Open positions in BTC futures contracts reached -
Telefónica and Microsoft Create Virtual Tour of MWC Booth
It is reported that Telef ó nica, a Spanish telecommunications company, has cooperated with Microsoft\’s Altspace VR platform to create a digital replica of its…
-
Why is the premium of USDT so high? (USDT premium)
Why is the premium of USDT so high? Why is the premium of USDT so high?The marke