Arbitrum's ARB Token Airdrop Triggers OTC Trading

The announcement of the ARB token airdrop by Arbitrum Foundation has triggered over-the-counter (OTC) trading of the unreleased tokens. ARB marks Arbitrum's official transition into a decentralized autonomous organization (DAO), giving ARB holders the power to vote on key decisions governing Arbitrum One and Arbitrum Nova.

Timeline of Arbit

The eyes of the crypto market are currently on Arbitrum as it seeks to revolutionize the industry in the upcoming days. Arbitrum's highly anticipated ARB token is set to start trading on 23rd March, so the buzz around this launch is palpable.

Arbitrum [ARB] has been experiencing a significant surge in activity lately due to the upcoming ARB AirDrop. While this has undoubtedly been great news for the network and its users, it has also opened up an opportunity for hackers to target unsuspecting victims.

The Arbitrum ecosystem made a big splash last week, announcing the imminent launch of its native token ARB, which had been a subject of much speculation and anticipation. What Happened: ARB Protocol's native token, also called ARB (CRYPTO: ARB), unrelated to Arbitrum surged 170%, triggered by an apparent name mix-up.

Arbitrum, a fast-growing layer-2 blockchain, is set to unveil its crypto token on Thursday this week. This will be major crypto news because of the remarkable growth of Arbitrum has had in the past few months.  ARB token airdrop Arbitrum has slowly become one of the biggest players in the blockchain industry.

Arbitrum's [ARB] decentralized exchange (DEX) volume went past $4 billion over the last seven days, logging its best weekly performance ever. In fact, this was the second consecutive weekly all-time high recorded by the layer-2 rollup.

Arbitrum's recent airdrop of its governance token has generated significant hype, which has helped another layer-2 scaling solution, zkSync, see significant growth in the last week. Despite not having a native token or announcing any airdrop, zkSync has seen a surge in the number of addresses bridging to its platform, with over 39,000 addresses bridging over $871 million in the last seven days.

Recently, the Arbitrum community has posted warnings to investors about the possibility of scammers generating fake Arbitrum airdrops. This tactic is popularly known as phishing, where attackers devise a deceptive means to manipulate users into giving out their wallet private keys.

Binance has announced the listing of Arbitrum (ARB) on its platform. The official token claiming for ARB is estimated to be live at the Ethereum block height of #16890400 around 2023-03-23 12:30 (UTC).

At least four major crypto exchanges have now announced they plan to list Arbitrum's upcoming crypto asset, ARB. MEXC, Huobi and Bybit all say they will list ARB next Thursday, March 23rd, the date of the token's airdrop.

Arbitrum, the popular layer-2 solution, registered a sharp increase in trading activity on its network. As per Dune Analytics, the number of daily transactions went past 1.4 million on 16 March.