After a short period of adjustment, the market continues to break through the previous high. The current price is around US$375 million, which is weaker than Ether. However, there should be supplementary increases in the future, so remember not to change cars frequently.
There is nothing to say about the big pie. After all the bad news in the bear market, when the bull market comes, it will be all good. The start of the general trend will not be affected by some man-made event factors. Don’t take advantage of it easily. As market volatility continues to rise, We are all waiting for the approval of BTC ETF, but it seems to be close to approval.
The position of 40,000 is first seen above, which is about the same, but don’t be carried away by the FOMO emotion!
The stronger the pie is, the better it is for the entire inscription ecosystem. With the size of the pie, it only needs to divert one thousandth of the funds, and the entire inscription ecosystem will definitely increase by 5-10 times. In the short term, ORDI is the leader. As long as the leader can stabilize, its ecosystem will still have some new opportunities, which requires you to have enough vision to discover.
However, the market capitalization of most BRC20 tokens is still relatively low, and the popularity and liquidity are very concentrated. The main participants are mainland players. The earlier the risk of returning to zero is, the greater the relative return is. It is full of new opportunities. You can also try to explore other areas in the BTC ecosystem, such as ARC20, Rune, Taproot Assets, etc. These areas also have great hype potential.
In the past two days, there have been rumors online that FTX is going to restart, and a serious institution has expressed its intention to acquire it. The market SOL FTT daily lines continue to rise, especially the SOL spot. As far as I know, the average spot price of SOL is mostly between 35 and 50. For those who have made a profit, you can appropriately reduce your positions and keep enough bullets to continue!
The news about FTX has been hyped for the third time this year. It is said that a big investor is purchasing debt claims off-market, so there is such a heat. The market is still hyping, but the acquisition is definitely going to happen, and it will definitely take time. Such a large industry cannot be acquired just because it can be acquired. The premise of the acquisition is definitely a wave of off-market news hype. This is an inevitable result!
ARB has been performing well overall recently.
Incentives and revenue opportunities
Thanks to the generosity of the Arbitrum Foundation, many projects that have received funding with ARB tokens have already put them to good use, offering various incentives to keep their communities engaged and grow their user base.
GMX
On November 8th, GMX announced the launch of their 12 million ARB token distribution program. Rewards can currently be earned by providing liquidity to various GM pools on the V2 platform. Over the course of 12 weeks, additional incentives will be provided for GLP to GM migration and trading on the exchange. Token incentive allocations are adjusted weekly and published in their Notion.
An additional 2 million ARB tokens will be used to provide grant rewards to developers and protocols building on GMX V2, further fueling Arbitrum’s growth. The GMX team will provide three grants of varying value to drive this work:
Small Grants – Budgets up to $10,000;
Open Grants – Budgets up to $100,000;
Request for Proposal (RFP) - no set budget (depending on the situation);
PENDLE
According to the team’s announcement on Medium two days ago, liquidity providers on the Pendle platform will be eligible for additional ARB rewards, in addition to their current earnings. Note that ARB rewards can actually be increased through vePENDLE. The reward token allocation will be determined weekly by Pendle governance participants.
In addition to the liquidity incentives provided, traders are now eligible for ARB fee discounts. A total of 26,500 ARB will be used each week for the above discounts (the amount may be adjusted after a few weeks).
Buy/sell PT and YT, and the fees for entering and exiting LP will receive a 75% fee discount;
ARB will be used to reimburse 75% of the fees paid on any transaction;
Once the weekly rewards are used up, you'll have to wait until the reward stack is replenished.
An interactive dashboard designed specifically for the program will be available on Pendle’s website in approximately 1 week (November 16th). The dashboard will contain all relevant metrics related to the Arbitrum Season events.
Radiant
Approximately 72% of Radiant’s 2.8M strategic ARB token reserve will be used to airdrop to depositors who lock up their dLP for 6-12 months, between block#147753665and the next snapshot, which should occur within the next 30-90 days. Rewards are based on Radiant’s proposed TVL milestones.
dLP interactions on protocols like Magpie and PlutusDAO will also be eligible for rewards, although the final reward distribution will be determined by the respective protocols. The eligibility period for these rewards will end before January 31, 2024.
Two of the four kings of L2 have been mentioned. Having missed OP and ARB, I must not miss ZKS this time.
Currently, the community has a corresponding quota, which is advantageous in all aspects. The key point is that there is no lock-up! ! ! ! Hurry up if you want it!