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News Explorer — Arbitrum Settles Into Top 40 Coins With 81% of Airdrop Claimed

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Mar 24, 7:17 pm
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Arbitrum Settles Into Top 40 Coins With 81% of Airdrop Claimed

Arbitrum's native ARB token has gained a spot in the top 40 most valuable cryptocurrencies after an airdrop yesterday, with its price quickly rising before a sell-off. Over 81% of the tokens have been claimed, with $2.5 billion worth of ARB tokens traded in the past day. Arbitrum is a scaling solution for the Ethereum network, and its ARB governance token allows holders to vote and propose changes to the network. It is popular with DeFi traders, with $2.11 billion worth of tokens locked up in Arbitrum's smart contracts.

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