Time to Accumulate or Avoid?
The post Time to Accumulate or Avoid? appeared on BitcoinEthereumNews.com.
Arbitrum contributes 14% of DEX volume, yet 94% of ARB holders are currently at a loss. Regulatory scrutiny around Arbitrum’s classification as a security could impact its adoption and future growth. Arbitrum is quickly gaining traction in the decentralized finance (DeFi) industry, primarily due to its key role in DEX volume. According to IntoTheBlock data, Arbitrum accounts for more than 14% of total DEX volume, demonstrating its expanding impact in the DeFi ecosystem. Despite this, the vast majority of ARB token holders are losing money, with only 2% currently profitable, 4% breaking even, and a startling 94% in the red. This poses an important question: is this a fantastic chance for long-term accumulation, or does it foreshadow more issues for the Arbitrum ecosystem? Arbitrum is responsible for over 14% of overall DEX volume, yet only 2% of $ARB holders are currently in profit. Is this an opportunity for long-term accumulation, or a warning sign of underlying challenges ahead? https://t.co/MjxlFxAGnA pic.twitter.com/SYwU4vVOZh — IntoTheBlock (@intotheblock) September 13, 2024 Arbitrum and BSC Lead as Ethereum Dominates, Solana Grows Arbitrum ranks among the top chains in terms of trade volume. Another tweet from IntoTheBlock explained the current distribution of DEX volume by chain. Ethereum continues to dominate the space, as expected, but Solana is developing as a serious challenger. Source: IntoTheBlock on X Meanwhile, Arbitrum and Binance Smart Chain (BSC) account for 14% and 11% of the overall DEX volume, respectively. Base, a new entrant, experienced tremendous initial development but has now plateaued. This competitive landscape emphasizes the value of volume as a crucial measure of blockchain activity and user engagement. Beside that, according to CNF, Prometheum Capital intends to add both the Uniswap (UNI) and Arbitrum (ARB) tokens to its custodial platform and classify them as securities. This designation has sparked debate, as…
Filed under: News - @ September 14, 2024 8:19 am