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BSCN
@BSCNews
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Joined November 2020
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Arbitrum has had a busy few weeks since early October. @arbitrum ($ARB) is an Ethereum layer-2 network, and its tech also powers other chains such as Robinhood Chain. Here are some key developments: [Oct 6] Paxos-issued USDG went live on Arbitrum One, with Uniswap, GMX and Morpho among the first apps [Oct 15] The Arbitrum Foundation opened a Stablecoin Growth Program with a 2M ARB prize pool for apps that adopt USDG [Oct 21] Fhenix launched its privacy layer on Arbitrum, letting smart contracts work with encrypted data [Oct 22] @aeroxyz, the merged Aerodrome and Velodrome DEX, went live on Arbitrum and six other networks [Oct 30] Arbitrum’s Security Council froze about 8,426 ETH and 74.56M ARB tied to the Binance exploit [Nov 4] Robinhood Chain (@RobinhoodCrypto), built on Arbitrum tech, passed $1.07B in total value locked [Nov 5] @binance asked the Arbitrum DAO to return the frozen funds; a vote process expected to take about seven weeks ARB trades at $0.1674, up almost 7% over the past day and 3.7% on the week.
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