In Brief:
Arbitrum’s homepage briefly crashed as users rushed to claim their ARB tokens.
The majority of eligible wallet addresses are expected to receive 625 tokens.
The claiming process resulted in unexpected errors such as RPC limit “exceeded.”
Early claimants likely sold their holdings on the market as the price of ARB fell from a high of $8.67 to $1.4 in the first 30 minutes after claims began.
The Arbitrum airdrop of its...
Arbitrum, one of the best layer 2 scaling solutions for Ethereum, is finally releasing its governance token, ARB, and switching to a decentralized autonomous organization (DAO). The airdrop will take place on March 23 and will distribute 12.75% of the total supply of ARB tokens to eligible community members and DAOs.
What is Arbitrum?
Arbitrum is a layer 2 solution that aims to improve the performance and scalability of Ethereum smart contracts...