The much-awaited Arbitrum ARB governance token airdrop has initiated its transformation into a self-executing DAO governance, and the network’s activity has skyrocketed to unprecedented levels.
Employing Optimistic rollups technology to facilitate faster and less expensive transactions, Ethereum-layer 2 scaling system Arbitrum has been making waves recently. The daily transaction count on Arbitrum has now reached an all-time high of 1,312,052.
- According to data compiled by Arbiscan, the last peak was observed a month ago when figures jumped to 1,103,398, followed by a sharp downturn across the industry. However, the airdrop announcement gave the numbers a much-needed boost.
- DeFiLlama data indicates that there is approximately $2 billion locked within protocols powered by Arbitrum. The decentralized derivatives platform GMX and DEX Uniswap lead with the most value.
- The total number of unique addresses continues its steady upward trend, reaching a new high of 3,871,204.
- Meanwhile, Arbitrum’s developer team has suggested that ARB will be available in eligible wallets on March 23.
- Upon deployment, eligible users and developers will receive 12.75% of the token’s 10 billion total distribution. On the other hand, ARB’s maximum capacity will remain fixed at 10 billion.
- Several leading crypto exchanges, including Binance, Huobi, Bitfinex, and Bybit, have announced that ARB will be listed on launch day following last week’s announcement.
- This significant hype and immediate listings have also attracted scammers who have created bogus Arbitrum airdrops and phishing sites.
- Earlier this week, the project’s community, along with some blockchain security firms, cautioned users to remain cautious and uncovered over 273 phishing sites related to Arbitrum.