Arbitrum

Arbitrum is an Ethereum layer-two scaling solution that strives to enhance the speed, scalability, and cost-efficiency of Ethereum. 

 It utilizes optimistic rollups to aim for these improvements, moving most of the computation and storage load off-chain. 

This method seeks to provide higher throughput and lower fees compared to Ethereum, while still benefiting from Ethereum's security and compatibility. 

The new feature "Arbitrum Stylus" will make it easy to write smart contracts using computer languages compatible with the WebAssembly or WASM standard – seen as far more common than the Ethereum Virtual Machine or EVM standard that many blockchain developers currently use.

Arbitrum Developer Courts Coders Who Already Know WebAssembly-Compatible Languages

Ethereum

Coinbase's new Ethereum (ETH) layer-2 scaling solution briefly surpassed Optimism (OP) and Arbitrum (ARB) this week in terms of daily transactions. According to data provided by each scaling solution's respective block explorers, Base hit 617,330 transactions on August 13th, compared to 438,559 for Optimism and 544,575 for Arbitrum on the same day.

Coinbase's New Ethereum Layer-2 Briefly Surpasses Optimism and Arbitrum in Daily Transactions: On-Chain Data

Arbitrum has enjoyed continued growth even after the ARB airdrop, as new users pile into the speedy layer-2.

Ethereum Layer-2 Arbitrum Sees Ongoing ‘Influx' of New Users After ARB Airdrop: Nansen

Unlocks to referred to staggered releases of the cryptocurrency frozen to keep early investors from liquidating in large numbers.

Arbitrum Will Unlock $1.2B ARB in March 2024: Token Unlocks

PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), initiated operations on the Ethereum (CRYPTO: ETH) scaling platform Arbitrum (CRYPTO: ARB) as part of its strategy to grow its clientele and revenue. PancakeSwap, which operates without intermediaries using smart contracts, was already functional on platforms such as BNB Chain (CRYPTO: BNB), Ethereum, Polygon zkEVM (CRYPTO: MATIC), zkSync and Aptos (CRYPTO: APT) blockchains.

PancakeSwap Launches On Arbitrum To Take DeFi To The Next Level

PancakeSwap, the second-largest decentralized exchange protocol, has launched on Ethereum Layer 2 network Arbitrum One.

PancakeSwap expands to Ethereum Layer 2 Arbitrum One

The decentralized exchange has expanded to several networks this year in the search for new users and revenue streams.

PancakeSwap DEX Deploys on Ethereum Scaling Network Arbitrum in Expansion Drive

Uniswap

A significant portion of trading activity has shifted from Ethereum (CRYPTO: ETH) to Arbitrum (CRYPTO: ARB), a Layer 2 scaling solution. This trend has been observed in the distribution of Uniswap trade volume across different Layer 2s, according to a report published by Glassnode Insights.

Uniswap Traders Abandon Ethereum For Faster, Cheaper Arbitrum

Dogecoin

Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.

Arbitrum's Most Popular DEX Goes Live With New Version Offering DOGE Pools at 40%

Worldcoin

Optimism

Optimism (OP) outpaced Arbitrum (ARB) in terms of daily transaction count this week, which is the first time the project has beaten out its rival Ethereum (ETH) scaling solution in that metric since January.

Optimism Outpaces Arbitrum in Daily Transaction for First Time Since January Amid Worldcoin Rollout

Two governance proposals are collectively requesting nearly $5 million worth of ARB tokens to launch grants programs.

Arbitrum DAO's First Grants Programs Take Shape

As of July 27, Optimism logged 944,000 daily transactions. This surpasses its competitor, Arbitrum, which registered 660,000 transactions.

Optimism flips Arbitrum in daily transactions following Worldcoin launch

For the first time in six months, Layer-2 blockchain Optimism outperformed competitor Arbitrum in terms of daily transactions.

Optimism Transactions Surpassed Arbitrum After Worldcoin Launch

Solana

Solana's gaming ecosystem has recently undergone major developments, with Aurory expanding to Ethereum and Automata announcing layoffs.

Solana's Aurory Expands to Arbitrum, Automata Announces Layoffs

Layer-2 blockchain Optimism has surpassed Arbitrum in daily transaction volume for the first time in six months, according to Dune Analytics.

Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions

Web3 gamer Aurory's digital assets will now be able to live on both Arbitrum and Solana.

Arbitrum enlisted as web3 gamer Aurory pursues multi-chain aspirations

Users can now interact with Lybra's new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol's main stablecoin eUSD.

Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly

Created by Web3 innovation studio Venture Punk, Prohibition allows any artist to create generative art on-chain, utilizing the Art Blocks Engine.

Digital Art Platform Prohibition Taps Arbitrum to Democratize Generative Art

ZTX, a blockchain initiative backed by Jump Crypto and ZEPETO, is set to launch on Arbitrum (CRYPTO: ARB), a Layer-2 (L2) scaling solution for Ethereum (CRYPTO: ETH) ZEPETO dubs itself to be Asia's largest avatar social network, with more than 400 million lifetime users. ZTX is in the process of creating a virtual world where users can engage in social interactions, play games and participate in governance and economics while creating and selling digital assets in the virtual realm.

ZTX Launches On Arbitrum To Develop 3D Open-World Ecosystem

The Rodeo hacker moved the stolen funds from Arbitrum to Ethereum and routed these through Tornado Cash to obfuscate the fund's trail.

Arbitrum-based Rodeo Finance loses $1.5 million in latest DeFi exploit

Cega Finance has expanded its Solana and Ethereum-based DeFi structured investments product to the Layer 2 network Arbitrum.

Cega's exotic DeFi derivatives expand to Ethereum Layer 2 Arbitrum

This vesting contract, designed to incrementally release the funds to the Arbitrum Foundation over a four-year period, is viewed as a major stride toward accountability and transparent governance.

Arbitrum DAO locks up $770 million in ARB tokens into vesting contract

Fantom

A widely followed crypto strategist thinks that Ethereum (ETH) competitor Fantom (FTM) is primed for a significant move to the upside. Analyst Michaël van de Poppe tells his 659,600 Twitter followers that Fantom looks bullish as long as it is trading above $0.30.

Crypto Analyst Predicts Rallies for Ethereum Rival Fantom, Updates Outlook on Three Additional Altcoins

Stellar

Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000.

Solana, Arbitrum, Monero and One XRP Rival Among Altcoins Enjoying Mini Breakouts – Here's Why: Santiment

According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing that approximately $1 million worth of cryptocurrency assets were illicitly withdrawn and converted into Ethereum.

News for Arbitrum Crypto (ARB)