Arbitrum's ARB Token Dominates Headlines with Airdrop and Coinbase Listing

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Source: Decrypt
Arbitrum's ARB Token Dominates Headlines with Airdrop and Coinbase Listing
Photo: Decrypt
TL;DR Summary

Arbitrum, a layer-2 rollup on Ethereum, has hit an all-time high in daily transactions and unique wallets interacting with the network ahead of its airdrop. The network hosted roughly 1.66 million and 1.56 million transactions on March 21 and 22, respectively, with more transactions than on the Ethereum mainnet. The airdrop of ARB governance tokens to early users and developers is slated for today, with over 625,000 eligible addresses. The total deposits on DeFi platforms on Arbitrum reached a new peak of nearly $2 billion, and the ARB token futures contract started trading on BitMEX on March 20.

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