Arbitrum does not have a token, meaning it relied on the organic growth of its decentralized finance ecosystem to attract users to its platform. It is possible, though, that Arbitrum’s usage numbers have been inflated somewhat by bots designed to farm the platform’s yet-to-be-announced token. (When crypto protocols announce tokens, they frequently “airdrop” some of them as a reward to existing users.)
Related posts
-
Bitcoin Poised for Big Moves: What Experts Predict Ahead of the 2024 US Election
As the 2024 U.S. election draws near, the crypto community is abuzz, eagerly watching to see... -
Trump-Themed Memecoins Rally 30% Ahead Of US Elections
Este artículo también está disponible en español. Just hours away from the US presidential elections, PolitiFi... -
Harris and Trump Bets Near Even Odds Ahead of U.S. Election Day as ‘Voter Fraud’ Rumors Swirl
Bets above $10,000 and $100,000 have increased over the weekend to above-average activity. Large holders of...