As countdown for ARB begins, Arbitrum outshines BNB Chain on this front

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.

Timeline of Arbit, Bnb

Binance Coin price analysis has been quite bearish today. The market closed at $337.5 yesterday after which it plunged to $333.5, which is a big enough difference from BNB's standards.

While the rest of the crypto market has been in an upward trend over the past week, Binance Coin (BNB) has emerged as the top gainer among all other large altcoins in the crypto market. Over the past week, BNB has seen the highest double-digit gain in altcoins up by 17%.

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.

A popular crypto strategist believes that Ethereum (ETH) will catch up with Bitcoin's (BTC) performance and ultimately begin outpacing the top crypto asset by market cap. Pseudonymous analyst Altcoin Sherpa tells his 193,300 Twitter followers that he's keeping an eye on the chart of Ethereum against Bitcoin (ETH/BTC).

Stablecoins have emerged as one of the most significant innovations in the crypto sector. These stablecoins were seen as the entry point to broad cryptocurrency adoption since they provide a stable store of value compared to more volatile assets such as BTC.

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).

The Weekly crypto price analysis indicates the entire cryptocurrency market has seen a minor pullback from the recent rally, with most coins trading around their resistance points. Bitcoin price was able to stay above $26,000 for most of the days this week as the coin continued to rebound from its previous high.

BNB, or Binance Coin, is a digital currency launched by the world's largest crypto exchange, Binance, in 2017. The launch of BNB was made possible through an Initial Coin Offering (ICO), which took place from June 26th to July 3rd, 2017.

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.