{"id":567197,"date":"2023-12-28T06:00:11","date_gmt":"2023-12-28T06:00:11","guid":{"rendered":"https:\/\/wncen.com\/?p=567197"},"modified":"2023-12-28T02:42:12","modified_gmt":"2023-12-28T02:42:12","slug":"arb-soars-25-in-24-hours-as-arbitrum-preps-for-major-projects-in-2024","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/arb-soars-25-in-24-hours-as-arbitrum-preps-for-major-projects-in-2024\/","title":{"rendered":"ARB Soars 25% In 24 Hours As Arbitrum Preps For Major Projects In 2024"},"content":{"rendered":"

In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). The crypto juggernaut has rapidly ascended the ranks, outpacing industry stalwarts and marking its territory in the competitive landscape.<\/p>\n

As the demand for its network reached a fever pitch, developers flocked to Arbitrum, surpassing the likes of Polygon, Optimism, Avalanche, and even the formidable Solana.<\/p>\n

The meteoric rise of ARB isn’t just a spectacle; it’s a testament to its resilience and adaptability. In the latest twist of the crypto bull run, ARB has displayed an impressive recovery, trading at an enviable $1.62.<\/p>\n

ARB Shows Mettle With 42% Rally In Weekly Charts<\/strong><\/h2>\n
Related Reading: PanCakeSwap Soars Over 50% After 10 Million Tokens Burned \u2013 Details<\/a><\/div>\n

A formidable 25% surge in the last 24 hours<\/a> and a solid 42.4% increase over the past week underscore the coin’s enduring strength as Arbitrum buckles up for major partnerships in 2024.<\/p>\n

The journey from its yearly low has been remarkable, witnessing an 80% surge that catapulted its market cap beyond the $1.6 billion mark. It’s a stark contrast to the all-time high of $8.67, a summit conquered just nine months ago.<\/p>\n

\"\"<\/p>\n

ARB TVL. Source: Defillama<\/a><\/pre>\n
Arbitrum’s allure extends beyond price dynamics; it boasts a burgeoning ecosystem teeming with renowned developers. According to DeFi Llama, its Total Value Locked  24.3% surge in the last 24 hours<\/a><\/p>\n
Arbitrum Unveiled: Ethereum\u2019s Scaling Prodigy<\/strong><\/h2>\n
Specifically created to support Ethereum’s scalability, Arbitrum is a decentralized platform. By scaling Ethereum, Arbitrum provides users with an Ethereum-like platform where they may engage in on-chain activities at a lower cost than what they would pay on the Ethereum mainnet.<\/p>\n
The Ethereum submodules known as Arbitrum rollups power Arbitrum. The rollups remove the requirement for Ethereum nodes to validate arbitrum transactions, suggesting that Ethereum will accept the Arbitrum layer’s credibility for on-chain operations from the standpoint of “innocent until proven guilty.”<\/p>\n
<\/p>\n
ARBUSDT trading at $1.60 on the daily chart: TradingView.com<\/a><\/pre>\n
With over 50% YoY growth in developer headcount, the Arbitrum chain is among the fastest-growing Layer 2 solutions, according to the 2023 Developer Report. The ecosystem currently consists of a wide variety of components as a result of this exponential expansion in development.<\/p>\n
Related Reading: Bitcoin Grabs 14th Spot As World\u2019s Most Valued Currency, Latest Data Show<\/a><\/div>\n
On March 23rd, Arbitrum orchestrated a groundbreaking airdrop, disbursing 1.27 billion ARB tokens to over 600,000 eligible wallets. This spectacle coincided with a surge in daily transactions, hitting a single-day high of 2.73 million, as reported by Arbiscan.<\/p>\n
\n
With Ethereum sentiments being in the dumps right now, I’d just like to say working with Arbitrum (@arbitrum<\/a>) has been a great experience \ud83d\udc4d<\/p>\n
Expect more projects that combine Arbitrum with @cardano<\/a> and @MinaProtocol<\/a> in the 2024 \ud83d\udc4d<\/p>\n
\u2014 Sebastien Guillemot (@SebastienGllmt) December 26, 2023<\/a><\/p><\/blockquote>\n
Meanwhile, DCSpark and Paima Studios co-founder Sebastien Guillemot have discussed the possibility of working together in 2024. A member of the Cardano community and software engineer Guillemot wrote on X, predicting additional projects in 2024 that integrate Arbitrum with Cardano and Protocol.<\/p>\n
Guillemot thinks that merging both platforms will be beneficial, especially given Ethereum’s current market conditions.<\/p>\n
Featured image from Freepik<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). The crypto juggernaut has rapidly ascended the ranks, outpacing industry stalwarts and marking its territory in the competitive landscape. As the demand for its network reached a fever pitch, developers flocked to Arbitrum, surpassing the likes of Polygon, Optimism, Avalanche, and even the formidable Solana. The meteoric rise of ARB isn’t just a spectacle; it’s a testament to its resilience and adaptability. In the latest twist of the crypto bull run, ARB has displayed an impressive recovery, trading at an enviable $1.62. ARB Shows Mettle With 42% Rally In Weekly Charts Related Reading: PanCakeSwap Soars Over 50% After 10 Million Tokens Burned \u2013 Details A formidable 25% surge in the last 24 hours and a solid 42.4% increase over the past week underscore the coin’s enduring strength as Arbitrum buckles up for major partnerships in 2024. The journey from its yearly low has been remarkable, witnessing an 80% surge that catapulted its market cap beyond the $1.6 billion mark. It’s a stark contrast to the all-time high of $8.67, a summit conquered just nine months ago. ARB TVL. Source: Defillama Arbitrum’s allure extends beyond price dynamics; it boasts a burgeoning ecosystem teeming with renowned developers. According to DeFi Llama, its Total Value Locked 24.3% surge in the last 24 hours Arbitrum Unveiled: Ethereum\u2019s Scaling Prodigy Specifically created to support Ethereum’s scalability, Arbitrum is a decentralized platform. By scaling Ethereum, Arbitrum provides users with an Ethereum-like platform where they may engage in on-chain activities at a lower cost than what they would pay on the Ethereum mainnet. The Ethereum submodules known as Arbitrum rollups power Arbitrum. The rollups remove the requirement for Ethereum nodes to validate arbitrum transactions, suggesting that Ethereum will accept the Arbitrum layer’s credibility for on-chain operations from the standpoint of “innocent until proven guilty.” ARBUSDT trading at $1.60 on the daily chart: TradingView.com With over 50% YoY growth in developer headcount, the Arbitrum chain is among the fastest-growing Layer 2 solutions, according to the 2023 Developer Report. The ecosystem currently consists of a wide variety of components as a result of this exponential expansion in development. Related Reading: Bitcoin Grabs 14th Spot As World\u2019s Most Valued Currency, Latest Data Show On March 23rd, Arbitrum orchestrated a groundbreaking airdrop, disbursing 1.27 billion ARB tokens to over 600,000 eligible wallets. This spectacle coincided with a surge in daily transactions, hitting a single-day high of 2.73 million, as reported by Arbiscan. With Ethereum sentiments being in the dumps right now, I’d just like to say working with Arbitrum (@arbitrum) has been a great experience \ud83d\udc4d Expect more projects that combine Arbitrum with @cardano and @MinaProtocol in the 2024 \ud83d\udc4d \u2014 Sebastien Guillemot (@SebastienGllmt) December 26, 2023 Meanwhile, DCSpark and Paima Studios co-founder Sebastien Guillemot have discussed the possibility of working together in 2024. A member of the Cardano community and software engineer Guillemot wrote on X, predicting additional projects in 2024 that integrate Arbitrum with Cardano and Protocol. Guillemot thinks that merging both platforms will be beneficial, especially given Ethereum’s current market conditions. Featured image from Freepik<\/p>\n","protected":false},"author":557,"featured_media":567201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,88023,84309,6664],"class_list":["post-567197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-arb","tag-arbitrum","tag-crypto"],"acf":[],"yoast_head":"\nARB Soars 20% In 24 Hours As Arbitrum Preps For Major Projects<\/title>\n<meta name=\"description\" content=\"In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ARB Soars 25% In 24 Hours As Arbitrum Preps For Major Projects In 2024","url":"http:\/\/wncen.com\/news\/arb-soars-25-in-24-hours-as-arbitrum-preps-for-major-projects-in-2024\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/arb-soars-25-in-24-hours-as-arbitrum-preps-for-major-projects-in-2024\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/a-181.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/a-181.png?fit=978%2C649"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","arb","arbitrum","crypto"],"dateCreated":"2023-12-28T06:00:11Z","datePublished":"2023-12-28T06:00:11Z","dateModified":"2023-12-28T06:00:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ARB Soars 25% In 24 Hours As Arbitrum Preps For Major Projects In 2024\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/arb-soars-25-in-24-hours-as-arbitrum-preps-for-major-projects-in-2024\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/arb-soars-25-in-24-hours-as-arbitrum-preps-for-major-projects-in-2024\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-181.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-181.png?fit=978%2C649\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"arb\",\"arbitrum\",\"crypto\"],\"dateCreated\":\"2023-12-28T06:00:11Z\",\"datePublished\":\"2023-12-28T06:00:11Z\",\"dateModified\":\"2023-12-28T06:00:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/a-181.png?fit=978%2C649","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567197"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=567197"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/567201"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=567197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=567197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=567197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}