Arbitrum

Arbitrum is an Ethereum layer-two scaling solution that strives to enhance the speed, scalability, and cost-efficiency of Ethereum. 

 It utilizes optimistic rollups to aim for these improvements, moving most of the computation and storage load off-chain. 

This method seeks to provide higher throughput and lower fees compared to Ethereum, while still benefiting from Ethereum's security and compatibility. 

As of July 27, Optimism logged 944,000 daily transactions. This surpasses its competitor, Arbitrum, which registered 660,000 transactions.

Optimism flips Arbitrum in daily transactions following Worldcoin launch

For the first time in six months, Layer-2 blockchain Optimism outperformed competitor Arbitrum in terms of daily transactions.

Optimism Transactions Surpassed Arbitrum After Worldcoin Launch

Solana

Solana's gaming ecosystem has recently undergone major developments, with Aurory expanding to Ethereum and Automata announcing layoffs.

Solana's Aurory Expands to Arbitrum, Automata Announces Layoffs

Layer-2 blockchain Optimism has surpassed Arbitrum in daily transaction volume for the first time in six months, according to Dune Analytics.

Worldcoin Hype Causes Optimism to Leapfrog Arbitrum in Daily Transactions

Web3 gamer Aurory's digital assets will now be able to live on both Arbitrum and Solana.

Arbitrum enlisted as web3 gamer Aurory pursues multi-chain aspirations

Users can now interact with Lybra's new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol's main stablecoin eUSD.

Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly

Created by Web3 innovation studio Venture Punk, Prohibition allows any artist to create generative art on-chain, utilizing the Art Blocks Engine.

Digital Art Platform Prohibition Taps Arbitrum to Democratize Generative Art

ZTX, a blockchain initiative backed by Jump Crypto and ZEPETO, is set to launch on Arbitrum (CRYPTO: ARB), a Layer-2 (L2) scaling solution for Ethereum (CRYPTO: ETH) ZEPETO dubs itself to be Asia's largest avatar social network, with more than 400 million lifetime users. ZTX is in the process of creating a virtual world where users can engage in social interactions, play games and participate in governance and economics while creating and selling digital assets in the virtual realm.

ZTX Launches On Arbitrum To Develop 3D Open-World Ecosystem

The Rodeo hacker moved the stolen funds from Arbitrum to Ethereum and routed these through Tornado Cash to obfuscate the fund's trail.

Arbitrum-based Rodeo Finance loses $1.5 million in latest DeFi exploit

Ethereum

Cega Finance has expanded its Solana and Ethereum-based DeFi structured investments product to the Layer 2 network Arbitrum.

Cega's exotic DeFi derivatives expand to Ethereum Layer 2 Arbitrum

This vesting contract, designed to incrementally release the funds to the Arbitrum Foundation over a four-year period, is viewed as a major stride toward accountability and transparent governance.

Arbitrum DAO locks up $770 million in ARB tokens into vesting contract

Fantom

A widely followed crypto strategist thinks that Ethereum (ETH) competitor Fantom (FTM) is primed for a significant move to the upside. Analyst Michaël van de Poppe tells his 659,600 Twitter followers that Fantom looks bullish as long as it is trading above $0.30.

Crypto Analyst Predicts Rallies for Ethereum Rival Fantom, Updates Outlook on Three Additional Altcoins

Stellar

Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000.

Solana, Arbitrum, Monero and One XRP Rival Among Altcoins Enjoying Mini Breakouts – Here's Why: Santiment

According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing that approximately $1 million worth of cryptocurrency assets were illicitly withdrawn and converted into Ethereum.

Chibi Finance Exit Scam: $1 Million Cryptocurrency Heist Rocks Defi Platform on Arbitrum

Avalanche

Circle's Cross-Chain Transfer Protocol is now operational on Arbitrum, a Layer 2 scaling solution for Ethereum.

Circle adds CCTP to Arbitrum for Layer 2 USDC transfers from Ethereum, Avalanche

Chibi Finance, a DeFi project on the Ethereum Layer 2 network, Arbitrum, allegedly executed a “rug pull”, absconding with about $1 million.

Chibi Finance vanishes with $1 million on Arbitrum network in apparent ‘rug pull'

A series of decentralized finance and NFT-related altcoins have posted double-digit gains over the past week as capital begins to flow from larger assets like bitcoin (BTC) and ether (ETH) to more speculative bets like blur (BLUR) and arbitrum (ARB).

Blur, Arbitrum Lead Altcoin Surge as Traders Anticipate Bull Run

Offchain Labs has released a dedicated software tool that allows developers to launch their own Layer 3 blockchains.

Offchain Labs unveils tool to build Layer 3 ‘Orbit' chains on Arbitrum

Xai, a permissionless Layer 3 blockchain designed for video games, is set to launch on Arbitrum later this year.

Gaming-focused Layer 3 Xai set to launch on Arbitrum

The Graph

The Graph has begun the final phase of its migration to the Ethereum Layer 2 network Arbitrum to enhance scaling capabilities.

The Graph migrates to Arbitrum to enhance scalability

The transition is aimed at reducing barriers of entry for The Graph's users by decreasing gas costs and speeding up transactions.

The Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum

Arbitrum halts as Optimism upgrades — check out the biggest DeFi news in our comprehensive weekly roundup.

Week in DeFi: StETH Now Supported for CrvUSD, Arbitrum Pauses and an Optimism Upgrade

Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.

Circle Rolls Out Support for USDC Stablecoin on Arbitrum

The Ethereum layer-two network Arbitrum experienced a temporary disruption in its transaction processing due to a software bug.

Arbitrum Stops Processing Transactions

The Arbitrum blockchain suffered from a bug in its software Wednesday that caused the network to stop processing transactions on-chain for several hours.

News for Arbitrum Crypto (ARB)