The Ethereum cryptocurrency was worth $58 Million.ETHArbitrum layer-2 scaling solution (ARBAccording to Lookonchain’s blockchain tracker, the massive unlocking of tokens over the past weekend has led many crypto exchanges (including Coinbase) to accept the cryptocurrency.
Lookonchain notes The exchanges reported that after unlocking, 11 whales had deposited a total of 34 million ARB.
According to Crypto Tracker, Arbitrum released 1.11 billion ARB on 16th March. TokenUnlocks. The total amounts to nearly 42% the supply of the asset in circulation.
Lookonchain is a blockchain tracking company. notes Arbitrum’s team of advisors, the future team and its team members received over $1.37 billion in ARB – and investors got 438.25 ARB worth nearly $894 millions.
ARB has a current price of $1.56. In the past two days, ARB has dropped by almost 7.5% and over 25%. Scaling solution has also dropped nearly 10% in the past year.
Arbitrum is currently ranked fifth in the world of all blockchains in terms total value locked, behind Ethereum ( Tron (TRXBinance Smart Chain BSC and SolanaSOLAccording to the DeFi tracker DeFi Llama. The current TVL value of the project is $3.276 Billion.
TVL stands for the amount of money deposited into a smart contract of a particular protocol. This is used often to assess the state of an ecosystem.
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