What Happened on Mar. 23rd | Get to Know Arbitrum Nova

Arbitrum Nova is built on top of the Arbitrum AnyTrust technology. It aims to provide low-cost transactions and use a new security model that relies on a Data Availability Committee (DAC). Arbitrum Nova currently has $10.5M in total value locked (TVL) and has processed 1M transactions over the past month.

The key difference between Arbitrum Nova and Arbitrum One lies in how transaction data is handled. While Arbitrum One batches all its transaction data to Ethereum all the time, Nova uses a data availability committee (DAC) to significantly reduce costs by only putting data on-chain if the committee fails to perform its function. This DAC approach makes Nova ideal for projects with high transaction volume requirements.

For projects currently building on Arbitrum Nova, you can find them in Arbitrum Portal.

Biggest Gainers & Losers

Headlines

Terraform Labs Co-Founder Do Kwon Arrested by Montenegrin Police：According to Bankless, Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.

SEC Charges Justin Sun for Fraud and Sale of Unregistered Securities: The US Securities and Exchange Commission (SEC) announced charges against Justin Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent).

Coinbase Warned by SEC of Possible Violations of Securities Laws: Coinbase announced that it has received a Wells notice from the US Securities and Exchange Commission (SEC) regarding a portion of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.

Conflux Network Revealed more Details about its Blockchain-Enabled SIM Card: Conflux Network, the regulatory-compliant blockchain in China, has revealed more details about its blockchain-enabled SIM (BSIM) card

Hot projects on the market

Dymension proposes new eIBC protocol for fast bridging between Optimistic Rollups

Wintermute Received 40M $ARB and Transferred Small Amount of $ARB to Exchanges for Testing

Solv Protocol Introduced V3: Creating and Managing On-chain Funds

Noble, the Potential $USDC Issuance Chain for Cosmos, to Launch Mainnet on March 27

Telegram Integrates $USDT Transfer Function into the Messaging App

Other news in case you missed it:

FTX Bankruptcy Estate to Recover $460M from Modulo Capital

Aribitrum-Based Launchpad PolluxPad's Token Pre-Sale Now Live

TokenInsight Integrates Token Rating Widgets into BitForex Exchange