Key Points:
- Prior of the Huge Airdrop, MEXC, Huobi, Bybit, and Bitrue have all announced their support for the Arbitrum (ARB) cryptocurrency.
- At this time, at least four of the largest cryptocurrency exchanges have made public statements that they intend to list Arbitrum’s future crypto asset, ARB.
It is reported that at least four major cryptocurrency exchanges have already stated their intention to list Arbitrum’s future crypto asset, ARB.
Next Thursday, March 23, the day of the token’s airdrop, MEXC, Huobi, and Bybit have all said that they would list ARB on their respective exchanges. Also, Bitrue intends to list ARB, and the company has indicated in a statement on Twitter that the opening time for trading and deposits would be adjusted.
The airdrop was disclosed by the creators of Arbitrum in a blog post published earlier this week. The article also detailed the forthcoming intentions of the protocol to transition to being administered by a self-executing decentralized autonomous organization (DAO). On the following Thursday, the scaling solution for Ethereum (ETH) will conduct an airdrop distribution of 12.75 percent of the total token supply for the ecosystem.
The creators claim that in order to decide which individuals would be granted access to the cryptocurrency assets, they devised a unique scoring system that takes into consideration a range of different data.
According to the decentralized finance tracker DeFi Llama, Arbitrum presently holds the fourth position among all chains in terms of total value locked (TVL), with a total of $1.77 billion. This places it after Ethereum, Tron (TRX), and BNB Smart Chain. Polygon (MATIC) comes in at number five with a total value of TVL of $1.06 billion.
The entire value of an asset represented by smart contracts on a blockchain is denoted by the TVL of that blockchain. The total value of the locked-in collateral (TVL) is determined by multiplying the total amount of collateral by the most recent market price of the assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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