Arbitrum (ARB) — Onchain News & Whale Tracking

Arbitrum DAO has approved the use of 35 million ARB to tokenize US Treasury Bonds

On May 8th, according to TheBlock, the Arbitrum DAO has approved, through on-chain voting, the allocation of 35 million ARB tokens (approximately $11.6 million) to three institutional tokenized US Treasury bond products. 35% will be allocated to Franklin Templeton's FOBXX (token code BENJI); 35% will be allocated to Spiko's USTBL; and 30% will be allocated to WisdomTree's WTGXX.

Arbitrum, Flare, and Base ranked top three in cross-chain bridge net inflows over the past 7 days

On June 5th, according to data from DefiLlama, in the past 7 days, the net inflow of funds through the Arbitrum cross-chain bridge amounted to $274 million, ranking first among all public chains. Subsequently, Flare and Base followed, with net inflows of $77.3 million and $36.24 million respectively. Ethereum, Bera, and Solana witnessed net outflows of $66.07 million, $47.66 million, and $47.14 million respectively.

Data: Arbitrum, BSC, and Noble Ranked Top Three in Cross-Chain Bridge Net Inflow Over the Past 7 Days

On April 28th, as per DefiLlama data, during the past 7 days, the net inflow of funds into the Arbitrum cross-chain bridge amounted to $3.1324 billion, ranking first among all public chains. BSC and Noble followed with net inflows of $41.14 million and $24.26 million respectively. Base, Avalanche, and Ethereum witnessed net outflows of $131 million, $70.24 million, and $59.14 million respectively.

NVIDIA's Collaboration with Arbitrum Temporarily Suspended by NVIDIA Unilaterally

On April 25th, as reported by CoinDesk, Nvidia's cooperation with Arbitrum has been unilaterally halted. Arbitrum was supposed to announce a partnership with Nvidia to become its exclusive Ethereum partner for the Ignition AI Accelerator program. An Arbitrum spokesperson said, "We received a letter from Nvidia at the very last moment, asking us to postpone the announcement. However, they did not provide specific details to explain the reason."

Arbitrum has launched a new transaction ordering strategy called Timeboost on Arbitrum One and Nova.

April 18th. According to official channels, Arbitrum has made an announcement that the new transaction ordering strategy, Timeboost, has been launched on Arbitrum One and Nova. It is reported that this novel transaction ordering strategy enables users to bid for access to the fast lane, thereby offering a faster transaction inclusion speed while still maintaining Arbitrum's private memory pool. The new ordering strategy reduces network congestion by curbing wasteful latency competition and generates new potential revenue sources for DAOs. Through the private memory pool, users continue to be protected against frontrunning and sandwich attacks.

Ethereum, Arbitrum, and Noble ranked as the top three cross-chain bridge net inflows in the past week

On April 5th, according to data from DefiLlama, the net inflow of funds into Ethereum Layer 1 cross-chain bridges reached $3.4503 billion within the past week, outpacing other public blockchains. Closely following are Arbitrum and Noble, with net inflows of $2.9104 billion and $19.79 million, respectively. Bera, Sei, and BSC witnessed net outflows of $2.92 billion, $33.21 million, and $30.70 million, respectively.

WisdomTree Expands its Institutional Tokenization Platform to Arbitrum, Avalanche, StarkWare, and Optimism

On April 4th, as per CoinDesk, WisdomTree is in the process of expanding its institutional investment platform, WisdomTree Connect. This expansion is from Ethereum to Arbitrum, Avalanche, Base, and Optimism. The platform currently provides 13 tokenized funds that cover a variety of investment strategies such as money markets, stock indices, and fixed income. All of these funds have been registered with the U.S. Securities and Exchange Commission (SEC).

Arbitrum Foundation Releases 2024 Transparency Report: Co-Funded 276 Projects

On March 25th, the Arbitrum Foundation issued its 2024 Transparency Report, revealing the funding for 276 projects in fields like DeFi, gaming, and infrastructure. Furthermore, the AI Trailblazer program has attracted early-stage innovative endeavors. In 2024, the Foundation enhanced developer education and engagement. It was prominently showcased at EthCC, Token2049, Devcon, and regional events. Ambassadors from 18 countries generated over 9000 pieces of content. Initiatives such as "Step into Arbitrum" facilitated the onboarding of new developers. The Arbitrum Foundation also played a crucial role in supporting technological advancements like Stylus, BoLD, Timeboost, and Fast Withdrawals, further strengthening Arbitrum's alliance with Ethereum.

Arbitrum DAO Proposes to Withdraw 225 Million ARB from Game Incentive Program, Questioning Poor Project Management and Lack of Transparency

On March 25th, the Arbitrum DAO is in the process of deliberating a proposal. The proposal aims to cancel the funding for the "Gaming Catalyst Program" (GCP) and reclaim the previously allocated 225 million ARB tokens. The proposer pointed out that the program was approved under "overly optimistic market expectations" and has now been proven to be unsustainable. One of the main supporters, Treasure DAO, has left Arbitrum, and other key contributors have experienced attrition or a decrease in enthusiasm. Additionally, GCP has been accused of having fund opacity, salary increases for the team, and a reduction in reporting obligations, among other issues. The proposal stated that the project has not even established "basic operations and transparency." GCP committee member David Bolger responded by stating that Arbitrum has become a key hub for gaming projects, attracting more than 25 game-related chains, including Ubisoft, Square Enix, and Tap Nation, to build on its tech stack. GCP was

Arbitrum Developers Launch Onchain Labs to Support Early-Stage Projects

On March 18th, according to official channels, the Arbitrum developer Offchain Labs declared the establishment of Onchain Labs. The purpose of this is to expedite the development of emerging applications on Arbitrum. Onchain Labs will act as early team contributors and offer general product and market entry advice.

Offchain Labs, the development company behind Arbitrum, will announce a major project milestone today.

On March 17th, the Arbitrum development company Offchain Labs announced in a post that they will disclose a significant project update today.

The Arbitrum development team at Offchain Labs has announced the launch of the ARB Strategic Purchase Program

On March 11th, as per official channels, the development team of Arbitrum, Offchain Labs, announced the commencement of a strategic purchase plan. This plan aims to increase their holdings of ARB through open market transactions and other trading means, thereby strengthening their long-term commitment to the Arbitrum ecosystem. The implementation of the plan will be carried out step by step in accordance with preset parameters.

「Whale Who Turned $4.1 Million into $92.8 Million with Three 50x Leverage Trades Withdraws Funds to Arbitrum Network」

On March 10th, as per @ai_9684xtpa's monitoring, the "Whale on Hyperliquid with three consecutive 50x leveraged long positions on BTC and ETH achieved a $9.28 million profit." It had already withdrawn a total of $4.1 million in cost-to-profit within the past 10 minutes and transferred it to the Arbitrum network. It is speculated that this whale is not an insider but a high-leverage trader using borrowed funds.

Bitlayer announces strategic partnerships with Base, Starknet, Arbitrum, Sonic, and Plume Network

On March 1st, the Bitcoin Layer 2 ecosystem team Bitlayer declared a strategic partnership with five leading public chains and protocols such as Base, Starknet, Arbitrum, Sonic, and Plume Network. This partnership aims to promote the integrated deployment of the BitVM Bridge and ecosystem protocol integration, offering users a secure and highly scalable multi-chain BTC asset experience. It also unlocks trillions of dollars in liquidity from the Bitcoin ecosystem for the Base, Starknet, Arbitrum, Sonic, and Plume Network ecosystems. The BitVM Bridge is a trust-minimized BTC bridge developed by Bitlayer, which is characterized by high security, support for native assets, and programmability. Currently, the Bitlayer BitVM Bridge has been launched on the testnet, enabling users to test features like Mint, Unmint, and Reclaim. In the future, the Bitlayer BitVM Bridge will expand cooperation with more public chains and DeFi protocols to fully unleash the potential of Bitcoin as a dynamic fi

Safe: Safe{Wallet} is now back online on the Arbitrum network

On February 28th, as per official information, Safe{Wallet} has resumed its operations on the Arbitrum network. The Safe{Wallet} team announced that they are dedicatedly working to regain access to more networks as quickly as feasible. They prioritize those networks that are the most active for users and have the most significant impact. In previous news, Safe stated that a developer's device was compromised, resulting in a theft from Bybit. It was also emphasized that there were no vulnerabilities in the smart contract and frontend code.

Binance has completed the integration of LPT on the Arbitrum One network and BIO on the Solana network, and has opened deposit and withdrawal services.

On February 28th, according to an official announcement, Binance has now accomplished the integration of Livepeer (LPT) on the Arbitrum One network and BIO Protocol (BIO) on the Solana network. Additionally, deposit and withdrawal services have been opened.

MetaMask has partnered with Transak to provide fiat onramp/offramp services on 10 networks including Arbitrum.

On February 26th, as per Cointelegraph, MetaMask has entered into a partnership with the payment provider Transak to enhance its fiat onramp/offramp service. This partnership has led to the addition of support for 10 networks, namely Arbitrum Mainnet, Avalanche C-Chain Mainnet, Base, BNB Chain, Celo, Fantom, Moonbeam, Moonriver, Optimism, and Polygon.

Arbitrum DAO Proposal to Invest 7500 ETH in a Non-Native Project Sparks Community Controversy

On February 24th, as reported by The Block, the Arbitrum DAO Growth Management Committee (GMC) recently put forward a proposal to invest 7500 ETH in Lido, Aave, and Fluid, which are three non-Arbitrum native protocols. This has triggered intense community discussions. The specific investment plan involves investing 5000 ETH in Lido to obtain wstETH, which will then be deposited into Aave V3 with an expected annual return rate of 4.54%. Additionally, 2500 ETH will be invested in the Fluid lending platform with an expected return rate of 1-2%. Several DAO representatives have criticized this proposal for overlooking native projects within the Arbitrum ecosystem and have suggested allocating at least 10% of the funds to local protocols. The proposal will be put to a vote next Thursday.

usdx.money has entered the top 10 in stablecoin TVL, with both BSC and Arbitrum ranking in the top 3.

On February 20th, as per the data from DefiLlama, when ranked by TVL (Total Value Locked), usdx.money has made its way into the top 10 stablecoins. Notably, on both the BNB Chain and Arbitrum, usdx.money holds a position within the top 3.

Offchain Labs has released the Arbitrum BoLD protocol for "Permissionless Validation."

On February 12th, Offchain Labs, the development entity behind Arbitrum, declared that subsequent to a governance vote, the dispute resolution protocol BoLD is now operational on both the Arbitrum One and Nova chains. BoLD enables "permissionless validation" within its Layer 2 ecosystem chain, augmenting network decentralization and security. This system substitutes the previously whitelisted validators with a permissionless mechanism, permitting participation by anyone with an interest in network security. Offchain Labs pointed out that validation on Optimistic Rollups has been a complex matter for years. Even with fraud proofs, the theoretical chain remains susceptible to denial-of-service attacks because malicious validators could repeatedly postpone withdrawals and state confirmations. BoLD modernizes the anti-fraud system employed in Optimistic Rollups by introducing an interactive, time-bound dispute resolution mechanism. This guarantees that disputes on the two Arbitrum ecosyst

Arbitrum has announced that a major announcement will be made tomorrow.

On February 12th, the Arbitrum team officially announced, "There will be a major announcement tomorrow."

Arbitrum One has been successfully integrated into the Bitcoin Open Standard (BOS) within the Bitcoin ecosystem.

On February 6th, Arbitrum declared that its L2 network, Arbitrum One, had successfully integrated with BitcoinOS (BOS), propelling its evolution into a hybrid Ethereum and Bitcoin-based Rollup. By means of BitSNARK and the BOS Grail bridging, BOS would offer Arbitrum One a trustless BTC bridge and the assurance of Bitcoin finality. Moreover, this solution enables users to bypass the traditional 7-day withdrawal waiting period of Rollup and achieve instantaneous cross-chain transfers of BTC assets.

Circle is launching Circle Paymaster, supporting USDC to pay Gas fees on Base and Arbitrum.

On January 23rd, Stablecoin issuer Circle announced the launch of Circle Paymaster, which supports the use of USDC to pay Gas fees on both Base and Arbitrum. Users no longer need to convert tokens among different blockchains. Instead, they can simply use USDC for payments, transfers, and Gas fees.

Anime Announces Community Airdrop Details, Focuses on Hyperliquid and Other Arbitrum Ecosystem Projects

On January 23rd, Anime updated the details of the token airdrop for its collaborative community on its official website. Specifically, the top 12,000 Hyperliquid HYPE stakers will be eligible to receive the airdrop. Furthermore, key community participants within the Arbitrum ecosystem, such as AAVE, AI Arena, Camelot, GMX, InfiniGods, Pendle, Pirate Nation, and Xai, will each receive their respective airdrops.