Google searches for Arbitrum, the largest layer 2 scaling solution on Ethereum, have soared in the past 24 hours after the Arbitrum Foundation announced an airdrop of their token. The new token will see them transition to a decentralized autonomous organization (DAO) that will feature governance votes and proposals for holders.
The 11.5% of total supply being allocated to eligible users is set to take place this Thursday, March 23rd and follows in similar footsteps as Optimism’s successful launch last April with its own airdrop which has since grown into $792 million market capitalization with OP tokens today.
Arbitrum currently stands at $1.66 billion in total value locked (TVL), distributed across derivatives exchanges, decentralized exchanges and lending protocols – making it one of the most popular blockchain solutions out there right now! China appears particularly interested too; dominating Google trends’ “interest by region” category – showing just how far reaching these developments are becoming!
Overall it looks like this could be another hugely successful launch from yet another major player within blockchain technology – we’ll be keeping our eyes peeled over here at blog!
