Four Major Crypto Exchanges Announce Support for Arbitrum (ARB) Ahead of Massive Airdrop
At least four major crypto exchanges have now announced they plan to list Arbitrum’s upcoming crypto asset, ARB.
MEXC, Huobi and Bybit all say they will list ARB next Thursday, March 23rd, the date of the token’s airdrop.
Bitrue also plans to list ARB, noting in a Twitter post that the opening time for deposits and trading will be updated.
In a blog post this week, Arbitrum developers announced the airdrop and outlined the protocol’s upcoming plans to switch to being governed by a self-executing decentralized autonomous organization (DAO).
The Ethereum (ETH) scaling solution plans to airdrop 12.75% of the ecosystem’s token supply to users next Thursday.
The developers say they created a special points system that takes into account a variety of metrics to determine which users will receive the crypto assets.
Arbitrum currently ranks fourth among all chains in terms of total value locked (TVL) with $1.77 billion, behind Ethereum, Tron (TRX) and BNB Smart Chain, according to the decentralized finance tracker DeFi Llama. Polygon (MATIC) is fifth, with $1.06 billion in TVL.
The TVL of a blockchain represents the total capital held within its smart contracts.
TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.
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Author: Conor Devitt
