At least four major crypto exchanges have now announced that they plan to list Arbitrum’s upcoming crypto asset, ARB.
MEXC, Huobi and bybit they all say they will list ARB next Thursday, March 23, the token airdrop date.
bittruth it also plans to list ARB, noting in a Twitter post that opening hours for deposits and trading will be updated.
In a blog post this week, the developers at Arbitrum announced the airdrop and outlined upcoming plans for the protocol to transition to being governed by a self-running 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) at $1.77 billion, behind Ethereum, Tron (TRX) and BNB Smart Chain, according to decentralized finance tracker DeFi Llama. Polygon (MATIC) is fifth, with $1.06 billion in TVL.
The TVL of a blockchain represents the total capital contained in its smart contracts.
TVL is calculated by multiplying the amount of collateral locked up in the network by the current value of the assets.
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