What Happened on April. 26th | Arbitrum's Projects Performance one month after the Airdrop

TI Research

It has been a month since the $ARB airdrop. Total value locked on Arbitrum has increased from $3.9 billion before the airdrop to $6.2 billion today. With the liquidity flowing into Aritbirum, how are the ecosystem projects tokens performing?

DefiMadeHere summarizes the price performance of key projects on Arbitrum.

For DEXs:

Average performance: -74.6%

Top performance: $GRAIL -50.5%

Worst performance: $RAM -93.3%

For Perps:

Average performance: -27.8%

Top performance: $GMX -10%

Worst performance: $VELA -34.8%


Average performance: -48.3%

Top performance: $RDNT -27.8%

Worst performance: $Y2K -58.6%

Despite the flourish of new projects and many upgrades of existing projects on Arbitrum, GMX is still the best performing project on this Layer 2.

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers


Binance.US Ends $1B Voyager Deal due to Regulatory Uncertainty in US: Binance.US announced its decision to terminate the agreement to purchase Voyager Digital's assets for $1 billion, because of the regulatory uncertainty in the US.

SEC Chair Gary Gensler Said 3/4 of Crypto Was Not Securities in 2018: A video clip of the current US Securities and Exchange Commission (SEC) Chair Gary Gensler is widely spread on Twitter. In the video, Gensler, then professor at MIT, said on a 2018 course called "Blockchain and Money" that 3/4 of crypto was not securities, which is totally different from his current stance.

Hot projects on the market

Merlin Exploited after CertiK Audit, Raising Questions about Audit Firm's Validity

LayerZero Advises Users Not Interact With Exchanges Issuing Potential Airdrop Certificates

Circle Launches Cross-Chain Transfer Protocol (CCTP) between Ethereum and Avalanche

Trust Wallet Introduces MPC Technology Enables Simplified Access using Existing Social Media Account

Other news in case you missed it:

Apple Removed the Hidden Bitcoin Whitepaper on its MacOS in the Latest Upgrade

FTX Debtors to Sell LedgerX for $50M


Omni Network Closes $18 Million Round with Pantera Capital Involved

Credora Closes $6 Million Round with S&P Global and Coinbase Ventures Involved

iZUMi Finance Raises $22M by Issuing semi-fungible tokens (SFTs) to Investors


Layer 2


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TI Research

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