Day: September 14, 2021

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Upstart Project Helps Drive Up Arbitrum’s TVL 17 Times to $2.2B

Arbitrum, a Layer 2 which pushes Ethereum transactions onto a sidechain to enhance performance, is on fire.  In the last five days, Arbitrum’s total value locked has multiplied 17 times, shooting to $2.2B on Sept. 14 from $126M on Sept. 9, according to data provider L2BEAT. Arbitrum has more than 70% of the total L2 …

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arbitrum down

Ethereum Layer-2 Chain Arbitrum Suffers Near Hour-Long Outage

Arbitrum experienced what its team is describing as an “outage” this morning, according to a Tweet posted by its main account at 10:43 AM New York time. The downtime happened to coincide with a similar loss of performance on the Solana blockchain.  Arbitrum is an optimistic roll-up chain built to support the Ethereum blockchain, developed …

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solana broken

Solana Blockchain Suffers Intermittent Stability

Solana, one of the biggest DeFi chains by value locked, suffered network outages Tuesday. The Solana team first alerted users to the issue on Twitter at 8:38 AM New York time, saying the network had been “experiencing intermittent instability” for the prior 45 minutes. Some nodes on the smart contracts chain went offline after the …

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Ape Diaries: The Early Bird Gets The Airdrop

It has historically paid to be early in DeFi — literally. Traders (including yours truly) are betting that will also be the case on Arbitrum and Optimism.   DeFi has long fostered a culture of rewarding early adopters, with a great example being last year’s massive Uniswap airdrop in which the decentralized exchange airdropped 400 UNI …

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