Arbitrum oznámil, že USDC lze nyní nakoupit přímo na síti Arbitrum přes Banxa. Integrace zahrnuje bankovní převody, debetní i kreditní karty a místní platební metody.
Banxa Brings Fiat On-Ramp Access to Arbitrum's USDCArbitrum has announced that users can now purchase $USDC directly on the Arbitrum network through Banxa, the regulated fiat-to-crypto payment gateway. The integration covers bank transfers, debit and credit cards, and local payment methods, broadening the ways users can fund positions on one of Ethereum's most active Layer 2 networks.
The move lowers a practical barrier for new and existing users. Rather than acquiring USDC on a centralised exchange and bridging it across, buyers can now land the asset directly on Arbitrum in a single step. Circle launched USDC natively on Arbitrum One in June 2023, adding support for its Cross-Chain Transfer Protocol, which enabled direct minting and burning of USDC between Ethereum and Arbitrum One. As of March 2025, there was over $3.5 billion of USDC in circulation on Arbitrum.
Banxa's Global Payment ReachBanxa is available in more than 180 countries, with support for over 30 fiat currencies and local payment methods worldwide. The company operates as a fiat-to-crypto payment gateway primarily serving crypto exchanges, wallets, and other blockchain platforms that require compliant and secure fiat on-ramps, with a focus on regulatory compliance, fraud prevention, and user verification.
The Arbitrum integration adds to a growing list of blockchain networks where Banxa has established a presence, which already includes Ethereum, Base, Solana, Polygon, Avalanche, and others. Purchase eligibility for $USDC on Arbitrum is subject to applicable order conditions, and availability may vary by region.
For the Arbitrum ecosystem, the partnership represents a more direct path from fiat to on-chain activity, particularly for users in markets where access to centralised exchanges is limited or where local payment rails are preferred over card-based options.
Sources:
Arbitrum Docs: USDC on Arbitrum One
USDC.com: How to Get USDC on Arbitrum
Banxa: On-Ramp and Off-Ramp Solutions
Tři krypto protokoly byly během 24 hodin napadeny a přišly o více než 35,5 milionu USD. Největší ztrátu utrpěl AFX na Arbitrum, který při bridge exploitu přišel zhruba o 24,15 milionu USD v USDC.
Three separate crypto protocols got carved up within a single 24-hour window, with combined losses topping $35.5 million. The victims span three different chains, three different attack vectors, and one very familiar story: bridges remain the soft underbelly of decentralized finance.
The largest hit landed on AFX, an Arbitrum-based protocol that lost approximately $24.15 million in USDC through a bridge exploit on July 22. BSquaredNetwork on BNB Chain saw $3.86 million in B2 tokens drained. And the Verus cross-chain bridge on Ethereum hemorrhaged $7.55 million, a wound made worse by the fact that Verus had already been exploited for roughly $11.58 million back in May.
How each exploit played out The AFX breach was the headliner. Attackers siphoned $24.15 million in USDC from the protocol’s bridge infrastructure on Arbitrum, then moved the funds to Ethereum and swapped them into around 12,467.5 ETH.
BSquaredNetwork’s exploit was smaller in dollar terms but arguably messier for holders. The $3.86 million in stolen B2 tokens were exchanged for more than 5,000 WBNB, which were then converted into roughly 1,128 ETH. The sell pressure from the dump sent B2’s price cratering more than 15%.
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Then there’s Verus. The $7.55 million loss on July 23 is concerning on its own, but context makes it worse. This is the same cross-chain bridge that suffered an approximately $11.58 million exploit in May 2026. That means Verus has lost north of $19 million in roughly two months to what appear to be related security vulnerabilities.
PeckShield, the blockchain security firm, was among the first to flag each incident on-chain.
A brutal quarter for crypto security These three exploits didn’t happen in a vacuum. According to data from TRM Labs, the first half of 2026 saw a record 207 security incidents. Q2 alone accounted for $764 million stolen across 67 separate incidents, with operational weaknesses cited as a primary attack surface.
Vitalik Buterin flagged bridge security risks as far back as 2022, arguing that multi-chain futures would not be secured by the same trust assumptions as single-chain applications.
What this means for investors B2’s 15%-plus price drop is the most direct example of immediate market impact. When three protocols get exploited in a single day, it puts a chill on risk appetite across the broader DeFi ecosystem.
The $764 million stolen in Q2 2026 alone represents real capital permanently removed from the ecosystem. That’s money that funded development, provided liquidity, and backed lending markets.
For individual investors, the Verus situation is particularly instructive: a protocol that gets exploited once and doesn’t fully remediate its vulnerabilities before getting hit again is broadcasting something important about its security posture. The first hack might be bad luck. The second one is information.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The exploit targeted a bridge operated by derivatives exchange AFX and emptied nearly all of the USDC locked in the contract, according to security firm Blockaid. Arbitrum co-founder Steven Goldfeder said the network's native bridge was not affected.
AFX Trade, a derivatives exchange that settles trades in USDC, was exploited for approximately $24.15 million on July 22 after an attacker targeted a bridge the protocol operates on Arbitrum, according to security firm Blockaid.
Blockaid said it detected the exploit at 21:30 UTC and published the transaction on Arbiscan. "The exploit was specific to a bridge that AFX operates," the firm wrote, adding that it is working with the Arbitrum team "to respond to the incident, to engage with the affected protocol, and to help them contain the stolen funds."
The attacker moved the funds to Ethereum and swapped them for 12,467 ETH at an average price of $1,937, according to onchain analytics account Lookonchain, which linked to the exploiter's address on Arkham.
AFX had not published a statement on its X account as of the time of writing. The Defiant reached out to AFX for comment.
Arbitrum Says Native Bridge UnaffectedSteven Goldfeder, co-founder of Arbitrum developer Offchain Labs, said the exploit did not compromise Arbitrum's own infrastructure.
"We're aware of a report of a bridge hack on Arbitrum and are investigating. We can confirm that the transaction in question originated from a third party protocol, and the Arbitrum native bridge has not been hacked or exploited in any way," Goldfeder wrote. "We will coordinate with the third party team and will report more details when we have them."
Nearly All Bridge Deposits DrainedThe AFX bridge contract on Arbitrum held about $24.2 million in USDC before the attack, according to DefiLlama, meaning the exploit drained nearly all of the funds locked in the contract. Deposits in the bridge had grown from about $19.3 million in mid-June.
AFX, short for Anti-Fragile Exchange, describes itself as a sovereign Layer 1 blockchain built for decentralized derivatives, offering USDC-margined perpetuals with up to 100x leverage on crypto assets, equities, ETFs and commodities, according to its website. User deposits enter the protocol through the Arbitrum-based bridge contract that was targeted in the attack.
The attack follows a string of exploits targeting protocols on Arbitrum in July. On July 15, perpetuals exchange Ostium halted trading after an attacker manipulated its oracle system to drain up to $18 million in USDC from its liquidity vault.
Markets showed little immediate reaction. ETH was trading at about $1,928, roughly flat over 24 hours, while ARB was down 0.3% at $0.0806, according to CoinGecko. ARB set an all-time low of $0.0705 on June 26.
Arbitrum zvažuje Fast Feed, placený datový stream pro Arbitrum One, který by měl být nezávislý na pořadí. Návrh chce poslat 97 % předplatného do pokladny Arbitrum DAO a 3 % Arbitrum Developer Guild.
Arbitrum governance is considering a Fast Feed proposal that would create a paid, authenticated data streaming product for Arbitrum One and route most subscription revenue back to the DAO treasury.
The Constitutional AIP proposes giving subscribers access to sequencer ordering details after finalization. The revenue split is one of the most interesting parts of the proposal: 97% would go to the Arbitrum DAO Treasury, while 3% would go to the Arbitrum Developer Guild.
That makes the proposal more than a technical data product. It is also a protocol revenue experiment.
At a time when major Layer 2 networks are trying to prove they can generate sustainable economic value, Arbitrum’s Fast Feed proposal gives the DAO a direct way to monetize infrastructure demand.
TL;DR Arbitrum’s Fast Feed proposal would create a paid authenticated data stream for Arbitrum One. The proposed revenue split sends 97% to the Arbitrum DAO Treasury and 3% to the Arbitrum Developer Guild. The feed is ordering-neutral and does not allow transaction reordering or frontrunning. What Fast Feed Is Designed To Do Fast Feed is aimed at users who need faster and more authenticated access to Arbitrum One data.
In practice, that kind of product is likely most relevant to sophisticated market participants, infrastructure providers, and teams that care deeply about timing, ordering, and execution visibility.
But the proposal is careful about the limits.
The feed is described as ordering-neutral. It does not allow subscribers to reorder transactions, manipulate sequencing, or gain direct frontrunning rights. That matters because any product connected to transaction ordering can quickly raise concerns about MEV advantages.
Arbitrum’s proposal instead frames Fast Feed as a paid data access product.
That distinction is important for governance. A network can monetize infrastructure without giving users unfair control over transaction flow. The proposal’s design will be judged partly on whether delegates believe that line is protected.
Layer 2 Networks Need Revenue Models Layer 2 networks are no longer early experiments.
Arbitrum, Base, Optimism, zkSync, Starknet, Polygon, and others are now competing for developers, liquidity, users, and institutional integrations. That competition requires funding. It also raises a bigger question: where does long-term protocol revenue come from?
Sequencer fees are one answer. Ecosystem grants are another. Partnerships, data products, and infrastructure services may become additional sources.
Fast Feed fits into that broader search for revenue.
If there is real demand for authenticated low-latency data, charging for access could create value for the DAO without increasing costs for ordinary users. The proposed 97% treasury allocation makes that explicit.
For tokenholders and delegates, treasury revenue matters because it can support future ecosystem funding, reduce reliance on token sales, and make governance more sustainable.
That is the theory.
The practical question is whether enough users will pay for the product.
Why The 97% Treasury Split Matters The proposed revenue split is unusually direct.
Sending 97% of subscription revenue to the DAO Treasury makes the product easy to evaluate as a public-goods revenue source. The remaining 3% allocation to the Arbitrum Developer Guild gives the developer group an incentive while keeping the vast majority of value inside the DAO.
That could appeal to delegates who want Arbitrum to build more self-sustaining revenue streams.
DAOs often spend heavily on grants, incentives, operations, and ecosystem growth. Revenue can be harder to identify. A product like Fast Feed gives governance a more tangible model: create useful infrastructure, charge users who need premium access, and return the proceeds to the treasury.
If successful, that model could be repeated.
Other data products, analytics services, or infrastructure feeds may eventually become part of how Layer 2 ecosystems fund themselves.
The MEV Question Will Not Disappear Even with ordering-neutral design, the MEV question will remain part of the debate.
Any faster data product can make some market participants more informed than others. That does not automatically make it harmful, but it does mean governance needs to be clear about access, fairness, pricing, and technical limits.
If Fast Feed gives users better visibility without control, delegates may view it as acceptable monetization. If critics believe it creates unfair market structure, the proposal could face pushback.
That is why the details matter.
Arbitrum’s governance process gives delegates a place to test those assumptions before implementation.
A Test Of DAO-Owned Infrastructure Fast Feed is a small but interesting example of where Layer 2 governance may be heading.
The next phase of L2 competition will not only be about transaction fees or total value locked. It will also be about whether networks can turn infrastructure into durable revenue without compromising neutrality.
Arbitrum’s proposal attempts to do that by monetizing authenticated data access while routing almost all revenue back to the DAO.
If delegates approve the plan and users pay for the service, Fast Feed could become a useful case study in DAO-owned infrastructure monetization.
If demand is weak or governance concerns grow, it may remain a narrow experiment.
Either way, the proposal shows Arbitrum is thinking beyond simple blockspace fees. It is exploring how a major Layer 2 can sell specialized infrastructure access while keeping the economic benefit inside the ecosystem.
That is exactly the kind of model large DAOs will need to understand as crypto networks mature.
This article is based on the Arbitrum governance forum proposal for Fast Feed monetization.
This article was written by the News Desk and edited by Samuel Rae.
Arbitrum bridge nebyl hacknut; skutečný útok zasáhl Ostium, které při manipulaci s orákulem přišlo zhruba o 24 milionů USDC. ARB po incidentu klesl asi o 4 %.
A brief panic rippled through the Arbitrum ecosystem on July 15 when on-chain watchers flagged a suspicious $24 million USDC withdrawal that looked, at first glance, like a bridge exploit. It wasn’t. Arbitrum’s native bridge remains intact, and the real victim was Ostium, a decentralized exchange focused on real-world asset trading that got drained through a compromised oracle key.
The distinction matters enormously. A bridge hack would signal systemic risk across the entire Layer 2 network. An oracle manipulation attack on a single protocol, while painful, is a contained problem. But the roughly $24 million that walked out the door still represents a significant blow, both to Ostium and to confidence in oracle-dependent DeFi protocols.
How the attack worked The attacker gained access to a compromised oracle signer private key, specifically one tied to a PriceUpKeep role within Ostium’s system. The falsified reports contained future-dated price entries. The system treated these bogus reports as legitimate, which allowed the attacker to generate phantom profits on positions. Those fake gains were then withdrawn as very real USDC from Ostium’s liquidity vault, known as the OLP.
The damage was substantial. Estimates place the total loss between $18 million and $24 million USDC, with some on-chain analysis pinpointing the figure at approximately $23.75 million across multiple transactions. Given that the OLP vault held roughly $63 million in total value, the attacker managed to siphon off about 28% of the entire pool.
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On-chain security firm Blockaid detected the suspicious activity and alerted the community. Ostium responded by halting all trading operations and freezing affected positions while launching a full investigation.
Why the bridge confusion happened The initial alarm bells rang because the stolen funds were transferred from Arbitrum to Ethereum, which naturally drew attention to bridge infrastructure. But the transfers used authorized routes, primarily through MetaMask, and were validated by the network’s validators as legitimate transactions. The bridge did exactly what it was designed to do: process valid withdrawal requests. The problem was upstream, in how those funds were illegitimately obtained in the first place.
That said, the ARB token still took a hit, declining approximately 4% in the aftermath.
Ostium’s track record and what’s at stake Ostium isn’t a fly-by-night protocol. The platform had previously raised $27.8 million in funding and processed over $50 billion in cumulative trading volume. That pedigree makes the exploit more surprising, not less.
What makes this particular incident notable is that it wasn’t a flash loan attack or a price manipulation scheme using on-chain liquidity pools. It was a key compromise. Someone either stole, phished, or otherwise obtained access to a private key that had elevated privileges within the oracle system.
What this means for investors For Arbitrum holders, the good news is straightforward: the network’s core infrastructure wasn’t breached. The 4% ARB decline looks more like a knee-jerk reaction than a fundamental repricing of risk.
For Ostium liquidity providers, the situation is considerably grimmer. Losing 28% of a vault’s value in a single incident is the kind of event that permanently reshapes a protocol’s risk profile.
Investors should be scrutinizing how protocols manage oracle infrastructure with the same intensity they apply to smart contract audits. Look at how many signer keys exist, what privileges they carry, whether multi-signature requirements are enforced, and what happens if one key is compromised.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Arbitrum nyní drží 3,7 až 4 miliardy USD ve stablecoinech a Spark Savings rozšířil své vaulty o USDC, USDS i USDT0. Tyto tři stablecoiny tvoří přes 90 % nabídky na síti.
Arbitrum just quietly became one of the most important places to park stablecoins in DeFi. The Ethereum Layer 2 network now hosts between $3.7 billion and $4 billion in stablecoin supply, and Spark Savings has expanded its yield-bearing vaults to capture the vast majority of it.
Spark’s ERC-4626 vaults on Arbitrum now support USDC, USDS, and the recently added USDT0, an omnichain version of Tether. Together, those three stablecoins represent over 90% of Arbitrum’s total stablecoin supply. That means roughly $3 billion or more in stablecoins can now be deposited into yield-generating vaults without users needing to swap tokens or navigate convoluted bridging processes.
What Spark Savings actually does The vaults follow the ERC-4626 standard, which standardizes how deposits, withdrawals, and yield accounting work, making these vaults composable with other protocols. Developers can plug Spark’s vaults into broader DeFi strategies without building custom integrations from scratch.
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Spark initially expanded to Arbitrum in early 2025, supporting USDC and USDS. The addition of USDT0 happened within the last 7-10 days as of mid-July 2026, completing the trifecta of major stablecoins on the network. USDT0 differs from regular USDT in that it’s designed to move natively across multiple chains, eliminating the friction that typically comes with bridging Tether between networks.
The Spark Savings Vaults V2 uses a continuous per-second rate accumulator, meaning there’s no batch processing or epoch-based distribution. Yield grows continuously, and rates are adjusted based on governance decisions.
What this means for investors For stablecoin holders on Arbitrum, three major stablecoins now operate under one vault standard with continuous yield accrual, removing the need to bridge to Ethereum mainnet or search across multiple protocols.
The USDT0 integration is notable because Tether remains the largest stablecoin by market cap globally, and its omnichain variant removes friction around moving USDT between networks without bridge fees or wrapped token complexity.
Concentration risk is the obvious concern. When a single protocol handles yield for over 90% of a network’s stablecoin supply, any smart contract vulnerability or governance misstep could have outsized consequences.
The governance-driven yield adjustment model also introduces uncertainty. Rates are determined by governance votes, which means yield could shift based on political dynamics within the Spark community rather than pure supply and demand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood Chain po spuštění mainnetu dosáhl zhruba 10 milionů denních transakcí do tří týdnů a má Arbitrum odvádět 10 % čistých výnosů protokolu. Zatím ale aktivitu nafukuje 90denní gas subsidy a skutečné výnosy jsou minimální.
21 July 2026 | 20:11 Robinhood Chain has become one of the fastest-growing networks in crypto, and Arbitrum is positioned to be a direct beneficiary.
Key Takeaways Robinhood Chain reached roughly 10 million daily transactions within three weeks of its July 1 mainnet launch. The chain routes 10% of protocol net revenue to the Arbitrum ecosystem: 8% to the DAO treasury, 2% to the Developer Guild. A 90-day gas subsidy is driving activity, keeping current fee revenue minimal until it expires in late September. Early volume is dominated by memecoins and DeFi rather than the tokenized stocks the chain was built for. The Layer 2, built on Arbitrum’s technology stack, reached roughly 10 million daily transactions less than three weeks after its public mainnet opened, and it contributes a share of its revenue back to the Arbitrum ecosystem.
The mechanism is real. The current dollar amounts are not yet meaningful. Understanding both is what separates this story from the version circulating on social media.
A 10 Million-Transaction Chain, With an Asterisk The clearest picture comes from Token Terminal, which wrote on X that “daily transactions on Robinhood Chain reach ~10m, while average block times fall to ~100ms,” calling the result a consumer-grade user experience onchain. The firm’s chart shows the ramp was not a single spike: daily counts climbed through early July and have held between roughly 7 million and 11 million since July 8, with several sessions above 10 million, while average block times collapsed from about 3 seconds at launch to a flat line near 100 milliseconds. Counting methods vary by tracker but every source points the same direction, and Token Terminal’s earlier comparison, cited by CoinDesk, showed the chain overtaking Coinbase’s Base in daily transactions within two weeks of launch.
Robinhood Chain daily transactions and block times. Two caveats keep that figure honest. First, Robinhood is covering all user gas fees for the chain’s first 90 days, which brings the cost of transacting to near zero and inflates activity that might not persist once users pay their own way from late September. Second, the composition is not what the chain was built for: DefiLlama data as of mid July shows memecoins and stablecoins dominating a network holding only about $12.8 million in tokenized real-world assets, against total value locked in the hundreds of millions. The pattern echoes Base’s 2023 launch, where speculation arrived first and durable applications later.
Ten million transactions is also not ten million users. Automated contract interactions, swaps and application-generated activity can all produce multiple transactions per participant. The milestone is evidence of technical capacity, not equivalent adoption. For how tokenized stocks and funds actually work as products, see our guide to RWA tokenization platforms.
How Robinhood Activity Becomes Arbitrum Revenue The economic relationship needs a clarification that most coverage skips. Robinhood Chain does not transfer 10% of every transaction’s value to Arbitrum. Under the Arbitrum Expansion Program, it contributes 10% of the protocol net revenue generated by the chain: 8% to the ArbitrumDAO treasury and 2% to the Arbitrum Developer Guild, routed through the program’s fee infrastructure and incorporated into the DAO’s financial reporting, according to the official ArbitrumDAO factsheet.
The connection to ARB is indirect but real. ARB holders vote on how the DAO treasury is used, including ecosystem funding and treasury allocation. The arrangement includes no automatic ARB buyback and no direct distribution to token holders; it adds revenue to a treasury governed through ARB-based voting.
Why the Numbers Are Still Small Here is where the thesis meets the ledger. During the subsidy period, the chain’s daily protocol fees have run at approximately $4,000, and FalconX estimated in April that Robinhood Chain could generate about $1.1 million in fees over six months. Ten percent of net revenue on figures that size is not a treasury-moving number for a DAO of Arbitrum’s scale.
The revenue thesis is therefore a forward-looking one. It depends on activity surviving beyond the subsidy, on fee-paying usage replacing subsidized speculation, and on tokenized securities and payments growing into the volumes that speculative trading currently occupies. If those conditions hold, the recurring flow to Arbitrum grows with them. If activity collapses in October, the 10% share applies to very little.
The Real Boost: A Blueprint for More Chains The larger value to Arbitrum may not be this chain’s fees at all, but what its launch demonstrates. Robinhood opened the mainnet on July 1, 2026 after a February public testnet that, according to the Arbitrum Foundation, processed more than 200 million transactions before production. The company first launched its Stock Tokens on Arbitrum One in 2025, validated the product on shared infrastructure, then migrated to a dedicated chain, the “launch-and-migrate” model described in Arbitrum’s announcement.
Technically, the chain runs first-come, first-served sequencing with roughly 100-millisecond preconfirmations, settles to Ethereum using blob data availability per the official documentation, and is fully EVM-compatible: it uses ETH for gas, supports standard Ethereum wallets, and assets move in over standard infrastructure of the kind covered in our guide to the Arbitrum Bridge and its alternatives. It is also permissionless, meaning external developers deploy without Robinhood’s approval, per Robinhood’s support documentation. The 100-millisecond figure describes ordering and preconfirmation speed, not final Ethereum settlement.
For Arbitrum, a household-name brokerage proving that model at this scale is a sales document for every other institution weighing its own chain. Each additional Expansion Program chain adds another revenue stream to the same treasury. That compounding pipeline, more than this quarter’s fees, is the realistic version of the “Robinhood boosts Arbitrum” story.
The competitive stakes are visible elsewhere: as our analysis of Solana’s second quarter showed, roughly 97% of tokenized-equity trading currently runs through Solana. Robinhood Chain is the most credible attempt yet to pull that market onto Ethereum-aligned rails.
Confirming the Thesis Transaction counts and active addresses in October, after the subsidy expires; sustained seven-figure daily activity on paid fees would convert the launch spike into a business. The share of activity coming from tokenized securities, visible in the chain’s TVL composition. The actual revenue contributions appearing in ArbitrumDAO’s financial reporting, which will put a public dollar figure on what the 10% share is worth. Until then, Robinhood Chain has proven the technology scales and the revenue pipe exists. Whether meaningful money flows through it is a question the coming months will answer.
Source: Based on Robinhood and Arbitrum official documentation and announcements, the ArbitrumDAO factsheet, and network data from Token Terminal and DefiLlama, checked July 21, 2026.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Arbitrum získává podporu díky rozšířené integraci WalletConnect a 24hodinový objem obchodů vzrostl na 83,15 milionu USD. Analytici zároveň sledují silnější technické signály a růst zájmu kupců.
Arbitrum (ARB), a layer-2 scaling solution for Ethereum, is attracting greater market attention as bullish indicators mount and buying interest increases. Stronger technical signals and expanded infrastructure developments are supporting expectations for a potential upward price movement.
Bullish momentum builds as technicals improveARB is currently priced at $0.08794 with a 24-hour trading volume of $83.15 million and a market capitalization of $560.21 million. The cryptocurrency has displayed stability in the last 24 hours, and its price structure suggests potential for a reversal. Market participants have observed growing signs that ARB could be entering an early bull phase, buoyed by advances in technical patterns and persistence above key daily moving averages.
Crypto analyst Michael van de Poppe noted that technical indicators across several timeframes are strengthening, highlighting bullish divergences relative to both the US dollar and Bitcoin. The formation of a higher low in the ARB price is viewed as supporting evidence that buyers are maintaining control.
Analysts point out that, despite recent consolidation, Arbitrum has defended a key support zone and continues to register increased trading volume, reflecting upward pressure from traders and speculators.
The accumulation phase may be underway, with increased participation suggesting that ARB could be in the initial stages of a new market cycle.
WalletConnect and Arbitrum partnership boosts ecosystemWalletConnect, a widely adopted communication protocol for connecting decentralized applications with mobile wallets, has expanded its integration with Arbitrum. This cooperation aims to make on-chain application development faster and more cost-effective for organizations operating on the Arbitrum network.
The enhanced partnership allows for more seamless wallet interactions, improved user experiences, and lower transaction fees. Developers can now more efficiently deliver services to end users due to these improvements.
Arbitrum supports an ecosystem with over $17 billion locked in its protocols and liquidity exceeding $4 billion in stablecoins, making it a prominent option for larger enterprises seeking blockchain solutions.
Transaction fees on Arbitrum remain below $0.01, further contributing to its suitability for deploying scalable decentralized applications.
Mini dictionary: WalletConnect, a protocol that enables easy and secure connection between decentralized applications and cryptocurrency wallets without requiring users to reveal private keys.
MetricValueCurrent ARB price$0.0879424-hour trading volume$83.15 millionMarket capitalization$560.21 millionTotal value locked (TVL)$17 billionStablecoin liquidity$4 billionAverage transaction feeLess than $0.01Market outlook remains cautiously optimisticDespite optimistic forecasts and new integrations, ARB’s price continues to face downward pressure. Broader market trends, however, are showing signs of improvement, and analysts suggest that a reversal could occur if favorable conditions persist.
Significant resistance levels remain, but renewed accumulation by large holders and expanding ecosystem partnerships—such as the growing collaboration with WalletConnect—are cited as potential catalysts for a new uptrend.
Expectations for increased bullish sentiment rest on persistently high trading volumes, enhanced network partnerships, and signs of continued whale accumulation, all of which support the prospect of a trend reversal for ARB.
Nonetheless, market participants continue to monitor Arbitrum’s progress closely in light of the volatile nature of the cryptocurrency sector.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
@RobinhoodCrypto's Ethereum Layer 2 network is only 16 days old, and it is already moving serious money. Robinhood Chain recorded $5.254 billion in weekly DEX volume, a 490% jump week over week, according to DefiLlama data. For a chain that only opened its public mainnet on July 1, 2026, the numbers are difficult to ignore.
Uniswap Is Doing Almost All of the Work The volume story is largely a single-protocol story. @Uniswap accounted for $588.93 million of the $594.74 million traded on the chain in the most recent 24-hour window, making every other protocol on Robinhood Chain a rounding error by comparison. That concentration reflects Uniswap's position as the designated public liquidity layer on the network, a role it was given at launch alongside infrastructure partners including Chainlink, BitGo, and Morpho.
Robinhood Chain was built on Arbitrum's Orbit technology and settles to Ethereum as an optimistic rollup. The chain was unveiled at Robinhood's "The World Is Flat" event in London and was positioned from the outset as infrastructure for tokenized real-world assets, offering stock tokens available in more than 120 countries alongside a DeFi lending product called Robinhood Earn, which routes user deposits into a Morpho-powered USDG vault at an estimated 7% annual yield.
Strong Flows, But TVL Lags the Volume The gap between trading activity and capital locked on the chain is wide. DeFi TVL stands at $220 million against $5.25 billion in weekly volume, with $816 million bridged into the network. The chain itself booked $175,178 in revenue in a single day, a meaningful figure for a network still in its first weeks.
The chain's stated focus on tokenized real-world assets remains a small part of the actual activity. Early volume has been driven heavily by speculation, including a surge in meme coin trading, rather than the tokenized stock use case Robinhood originally advertised. Still, the raw throughput has been enough to push Robinhood Chain into the top tier of DEX networks globally. On July 12, the chain ranked second in 24-hour DEX volume across all networks, trailing only Solana, according to DefiLlama data.
The chain launched with a built-in distribution advantage that most new L2 networks do not have. Robinhood operates a brokerage serving nearly 28 million customers, giving the network a ready-made audience from day one. Whether that early volume converts into sustained DeFi activity and genuine RWA adoption will be the question to watch in the weeks ahead.
Sources
Robinhood Chain on DefiLlama: TVL, Volume and Revenue
CoinDesk: Robinhood Rolls Out Public Blockchain
Bitcoin.com: Robinhood Chain Surges Past $3 Billion in DEX Volume
Robinhood’s new blockchain isn’t exactly tiptoeing into the market. The company’s Arbitrum-based Ethereum Layer-2 network, which went live on July 1, has already crossed $100 million in AI agent trading volume and seen more than 2,400 autonomous agents deployed on the platform. That’s two weeks of existence, for context.
The engine behind this surge is Virtuals Protocol, an integration that lets developers create, tokenize, and monetize AI agents directly on Robinhood Chain. Think of it as giving anyone the tools to build their own algorithmic trading bot, except these bots live natively on-chain and can interact with DeFi protocols without human babysitting.
The numbers behind the ramp Let’s put the $100 million figure in perspective. That’s agent-specific trading volume, meaning trades executed autonomously by AI agents rather than human users clicking buttons. More than 2,440 agents are now operational on the network, each one representing a developer’s bet that autonomous trading can outperform, or at least complement, traditional manual strategies.
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The broader network metrics are equally aggressive. Robinhood Chain’s total value locked surpassed $100 million within its first week of operation. Uniswap deployments on the chain recorded peak daily trading volumes above $500 million, suggesting that the infrastructure is handling serious throughput without buckling.
Developers building on the platform have collectively raised $1.8 million from investors that include some unexpectedly heavy names. Google and General Dynamics, the defense contractor, are among the backers.
Why Robinhood is betting on agents Robinhood’s traditional brokerage app serves tens of millions of users. The company has signaled plans to extend its agentic trading features from equities to crypto for eligible US users, which means the AI agents being built today could eventually tap into a distribution channel that most DeFi protocols can only dream about.
The choice of Arbitrum as the underlying technology isn’t accidental either. Arbitrum is the most widely adopted Ethereum Layer-2 solution, known for lower transaction costs and faster settlement times compared to Ethereum’s mainnet. For AI agents executing dozens or hundreds of trades per day, those cost savings aren’t trivial. They’re the difference between a profitable strategy and one that bleeds money to gas fees.
Virtuals Protocol provides a standardized framework for agent creation, which means developers don’t need to build everything from scratch. Each bot can own assets, execute transactions, and earn revenue autonomously.
What this means for investors On the cautious side, AI agent trading introduces a layer of complexity that most retail investors aren’t equipped to evaluate. When thousands of autonomous agents are executing trades simultaneously, the potential for cascading liquidations or flash crashes increases. Liquidity can shift rapidly as agents respond to the same market signals in microseconds, creating feedback loops that human traders can’t react to fast enough.
The risk that deserves the most attention is regulatory. Autonomous trading agents operating in crypto markets exist in a gray area that US regulators haven’t fully addressed. The SEC has been vocal about algorithmic trading oversight in traditional markets, and it’s reasonable to expect that scrutiny will extend to on-chain agents, especially ones accessible to retail investors through a platform as visible as Robinhood.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
What's Important This Week
⚙️ Robinhood Chain Mainnet is Now Live on the Arbitrum Platform
💳 ZeroDev Launches a New Wallet
🇬🇧 Founder House London Concludes with $300K Awarded
📣 Announcements Key updates from the Arbitrum ecosystem and Foundation.
Robinhood Chain Mainnet is Live
The launch of Robinhood Chain enables a more customized infrastructure designed to satisfy precise performance, security, and regulatory requirements. This environment establishes a robust foundation for the integration and development of decentralized financial primitives.
Introducing ZeroDev Wallet 0:00
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ZeroDev Wallet is an embedded wallet built on ZeroDev’s programmable account infrastructure. It gives teams one stack for wallet creation, signing, smart account execution, gas sponsorship, session keys, policies, recovery options, and transaction orchestration.
Meet the Winners of Founder House London
From more than 490 registrations, 140 founders were selected to join Founder House London for three days of targeted sessions and iteration on product-market fit and go-to-market alongside mentors from across the Arbitrum ecosystem. By the end of the program, teams had submitted 64 projects competing for a share of $300,000 in prizes and grants.
📚 Learn & Build New learning drops and hands-on resources from across the Arbitrum ecosystem.
Predictable Fees for Onchain Agents
As agentic commerce grows, predictable fees become increasingly important.
This article breaks down why predictable fees matter for agentic commerce, how gas pricing works, and how Arbitrum’s dynamic pricing is evolving to support this next wave of onchain demand.
Build Your First Robinhood Chain App
Want to get started in building on the Robinhood Chain? This article from @hummusonrails features a full walkthrough from code design to final deployment of your first dApp on Robinhood!
Arbitrum Supports x402 and MPP For Agentic Finance
Developers now have two new pathways for building agentic payment and settlement flows on Arbitrum. Arbitrum is supported by Coinbase’s hosted x402 facilitator, and Offchain has published arbitrum-mpp, an open-source implementation for making payments over MPP on Arbitrum.
How Smart Accounts Give Onchain AI Agents Safe Permissions
Agents need the ability to act. They also need boundaries. Smart accounts make that possible by moving permissions, policy, and enforcement to the account layer.
🔦 Ecosystem Highlights Fresh launches and standout threads from around the Arbitrum ecosystem.
$800K in Revenue in the Last 7 Days
Robinhood Chain generated more than $800K in revenue in the last 7 days, annualizing to $42M at this rate.
Introducing Swaps by Variational
Variational just launched Swaps, bringing Wall Street's widely used trading infra onchain with institutional liquidity for tokenized markets. A big step for @variational_io toward bringing TradFi into the programmable economy.
Rialto Goes Live on Robinhood Chain
We’re excited to welcome @rialto_xyz, an onchain exchange for trading and borrowing against tokenized equities, crypto and real-world assets, launched on the Robinhood Chain.
Prism is Live on Arbitrum 0:00
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Arbitrum is building the finance-native platform for the programmable economy. Prism is where the pieces of Arbitrum’s financial stack start coming together.
🛠️ Dev Tooling & Infra Updates to SDKs, CLIs, and developer workflows across the stack.
ZeroDev Wallet SDK
What does a smart-account-first embedded wallet SDK actually unlock?
ZeroDev breaks down 5 product flows to build with the ZeroDev Wallet SDK.
🗓️ Events Workshops, builder and founder programs, and ecosystem meetups to watch.
Recap: Founder House London If you’re a founder who missed the ultimate in-person mentorship experience, here’s a look at what went down at Arbitrum Founder House London 🇬🇧
We've brought teams together under one roof for a 3-day founder residency where they:
Built new financial products across tokenized capital markets, collateral and risk infrastructure, payments, tokenized equity, agentic finance and yield bringing products onchain via Arbitrum One and the Robinhood Chain Refined their product & GTM strategies Received mentorship from our ecosystem partners Competed for $300k in prizes Catch the highlights. 👇🏻
0:00
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To keep up with upcoming builder programs, funding opportunities, and ecosystem updates, subscribe to the Builder Newsletter.
What builders are debating and proposing this week.
[Constitutional] AIP: Ratification of Security Council Election Process Improvements In September 2025, the ArbitrumDAO showed varying degrees of support for five Security Council Election process improvements via a temperature check. This updated temperature check aims to ratify the DAO’s support for the inclusion of four and omission of one of the originally proposed improvements, ahead of an on-chain vote.
ArbitrumDAO Factsheet: Robinhood Chain Mainnet Launch Robinhood Chain went live on public mainnet on 1 July 2026, a dedicated Arbitrum chain settling to Ethereum, after a testnet that processed more than 200 million transactions.
Sedona, self-custodial trading platforma migrující na Arbitrum, se spojí s Fhenix a nasadí infrastrukturu FHE pro výchozí šifrování zůstatků, pozic i limitů AI agentů. Firma tím přechází od TEE ke kryptografickým zárukám.
Sedona, a self-custodial trading platform migrating to Arbitrum, is excited to announce its strategic partnership with Fhenix, a platform that computes sensitive data with full encryption. The purpose of this partnership is to replace Sedona’s existing Trusted Execution Environment (TEE)-based security model with fully Homomorphic Encryption. Basically, both firms specialize in protecting confidential data.
This integration powers private finance on Arbitrum, ensuring that user balances, portfolio positions, and Artificial Intelligence (AI) agent spending limits remain encrypted by default. Furthermore, Sedona was founded by Tyler Maxwell, a trading-first, self-custodial neo-bank that facilitates spot trading, perpetuals, and sketched products. Both platforms are expert in providing their services all over the world in terms of security and protection.
Fhenix and Sedona Advance Cryptographic Privacy for On-Chain Finance Guy Itzhaki, CEO of Fhenix, admires Sedona in good words. He said, “Sedona is exactly the kind of application Confidential FHE was built for. Trading platforms and financial applications need privacy that extends beyond transactions to balances, positions, and increasingly the parameters that autonomous agents operate within.”
“By moving from trusted hardware to cryptographic guarantees, Sedona is showing how confidential finance can become a native capability on Arbitrum rather than an optional feature. We believe this partnership is an important step toward making privacy a default expectation for on-chain financial applications.”
Now, Sedona is shifting from the Seismic ecosystem to Arbitrum. Once that migration is finished, Sedona will deploy Fhenix’s CoFHE infrastructure, moving the platform’s privacy model from hardware-based trust assumptions to cryptographic guarantees. This integration is the first-type in its nature.
Replacing Hardware Trust with Fully Homomorphic Encryption The landmark integration of Sedona and Fhenix is much more worthy for users and developers. Existing private Decentralized Finance (DeFi) solutions primarily depend on trusted execution environments, which only require users to depend on underlying hardware or on community-based models. Homomorphic encryption permits computations to be performed directly on encrypted data, diminishing those trust dependencies.
Tyler Maxwell, Founder of Sedona, also clarifies this integration. He said, “We started with TEEs because they were the most practical way to deliver privacy, but our goal has always been to remove trust assumptions wherever possible. Fully homomorphic encryption lets us protect sensitive financial data through mathematics rather than hardware, providing a much stronger foundation for the future of self-custody. “
“For many of our users – especially those in emerging markets who rely on stablecoins as their primary savings account and payment rail- financial privacy isn’t a luxury. It’s an expectation. Bringing FHE to Sedona means they can manage their assets, automate strategies, and use AI-powered tools without exposing the information that matters most.”
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Dnes se odemyká zhruba 92 milionů ARB, asi 1,65 % uvolněné nabídky, a míří do treasury Arbitrum DAO. Při ceně kolem 0,09 USD má toto odemknutí hodnotu asi 8 milionů USD.
Let me tell you what happens today on the highway we wrote about two days ago. Around 92 million new ARB tokens leave their vault, right as the token trades within sight of the all-time low it printed in late June. Unlock is the scariest word in a falling token’s vocabulary. But read the shipping label on this particular delivery, because where the tokens go matters more than how many there are.
ARB traded at $0.08989 on July 14 per this site’s tracking, and holds near the $0.09 area as the unlock lands on July 16, 2026, per CoinGecko. The token sits just above the all-time low set in late June, after our coverage this week flagged its 13.8% bounce as the rotation reaching the layer-2 shelf.
The Unique Angle: read the label, not the headline Here is the detail the word “unlock” hides. Today’s release of roughly 92 million ARB, about 1.65% of released supply, is directed to the Arbitrum DAO treasury, according to the project’s published vesting schedule. Not to team wallets. Not to early investors.
Why that distinction is the whole story: unlock damage comes from tokens that want to be sold. When vesting cliffs release coins to insiders and venture funds, history is unambiguous. Arbitrum’s own May 2024 unlock is the textbook case: 92.65 million ARB went to team, advisors and investors, portions flowed straight to exchanges, and the price slid on schedule. Those tokens had sellers attached.
Treasury tokens are different animals. They land in the DAO’s vault and sit there until governance votes to spend them on grants, incentives or operations. No fund manager is waiting to market-dump them this afternoon. The mechanical sell pressure from today’s event is close to zero on day one.
Now the honest other half, because unlocks earn their reputation two slower ways. First, treasury tokens are deferred supply, not cancelled supply: every grant and incentive program eventually turns some of them into sell flow, drip by drip, and that drip has run for years. Second, unlock headlines move prices all by themselves. Plenty of traders sell the word without reading the label, and in a token this beaten down, sentiment is the thinnest layer of all. Today can still print red for no mechanical reason whatsoever.
The One Number That Matters Roughly $8 million. That is the dollar value of today’s unlock at current prices, 92 million tokens times about nine cents.
Hold that against history. The May 2024 unlock of nearly identical token count was worth $92 million, because ARB traded above a dollar. Same event, one-tenth the dollar weight, and aimed at a vault instead of an exit. The number is small enough to say something bigger: after two years of decline, ARB’s unlocks have deflated from market-moving events into rounding errors. That is what capitulation pricing looks like from the supply side. Whether it also marks a bottom is a question the chart, not the calendar, will answer.
Key Levels The map from our prediction page stands. Support: $0.08, the line the whole recovery attempt rests on, now doubling as the post-unlock stress test. Resistance: the dime, $0.10, unchanged as the level where attention becomes conviction. Recent trading has also respected a tighter shelf near $0.078 on the downside. If unlock-headline selling appears, $0.08 is where it either exhausts or matters.
Supporting Context The paradox we built the ARB prediction page around got louder this month, not quieter. Robinhood launched the public mainnet of Robinhood Chain, a tokenized-stocks network built on Arbitrum’s own Orbit technology, with Uniswap integrated from day one. LG Electronics selected Arbitrum tech for a custom layer-2 aimed at advertising infrastructure. The network reports more than $18 billion in value secured. And the token that governs all of it trades within sight of its all-time low, at a $572 million cap as of this week’s reading.
Usage up, price down: the value-capture question in its purest form. Days like today feed both sides of it. Bulls point at institutions building on the highway; bears point at 92 million more tokens on a road where the toll still goes uncollected.
Bottom Line Today’s unlock is the mildest version of a scary event: small in dollars, aimed at a treasury, mechanically near-harmless on day one. The risks are the slow drip and the reflexive headline sellers, and $0.08 is the level that measures both. The story that actually matters is unchanged from our prediction page: the highway keeps winning tenants while the token waits to matter. Watch the dime above, the eight-cent line below, and let the post-unlock tape speak for itself.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
Frequently Asked Questions What is the Arbitrum unlock today? Roughly 92 million ARB, about 1.65% of released supply, unlocks on July 16, 2026, directed to the Arbitrum DAO treasury under the published vesting schedule.
Will the ARB unlock crash the price? ARB trades near $0.09 as of July 16, 2026, just above the all-time low it set in late June, after a 13.8% bounce earlier this week.
Why is ARB so cheap if Arbitrum is widely used? The network secures over $18 billion and keeps winning institutional deployments like Robinhood Chain, but the market doubts how much of that value the governance token captures. That gap is the central ARB debate.
What are the key ARB levels to watch? Support at $0.08, with a tighter shelf near $0.078; resistance at the round $0.10. Holding $0.08 through the unlock would be the constructive outcome.
When is the next Arbitrum unlock? Arbitrum runs recurring monthly unlocks through 2027 under its vesting schedule. Check the official Arbitrum Foundation documentation for the next scheduled date and allocation.
AUTHOR
Simeon is a detail-driven editor who sharpens every piece with clarity and precision, ensuring clean, consistent, and professional content throughout.
Arbitrumový DeFi protokol Ostium pozastavil obchodování po exploitu OLP vaultu, který podle Blockaid způsobil ztrátu zhruba 18 milionů USDC. Útočník měl použít registrovaný PriceUpKeep forwarder a zpětně datované autorizované oracle reporty k vytvoření falešných zisků.
Arbitrum-based DeFi protocol Ostium has halted trading after a reported exploit in its OLP vault led to an estimated $18 million USDC loss.
Security firm Blockaid, the first to report the incident, said the attacker manipulated oracle data to generate fake trading profits.
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🚨 Blockaid detected an @Ostium Vault exploit on Arbitrum.
An attacker used a registered PriceUpKeep forwarder and future-dated authorized oracle reports to create artificial trade profit, triggering a ~$18M USDC payout from the vault.
More details in 🧵
— Blockaid (@blockaid_) July 15, 2026
Blockaid said the attacker used a registered PriceUpKeep forwarder and future-dated authorized oracle reports to fabricate trading profits, allowing them to extract roughly $18 million USDC from the vault.
Ostium said it was aware of the incident. The project has suspended all trading activity, and is actively investigating the issue.
We are aware of the issue with the OLP vault. We have paused all trading. The team is investigating.
— Ostium (@Ostium) July 15, 2026
Ostium provides perpetual trading for tokenized real-world assets, giving users onchain access to markets beyond crypto. The project recently secured $20 million to grow its decentralized platform for trading real-world assets via perpetual futures.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Adresa musti_akrep zneužila zranitelnost na Ostium a získala 23,75 milionu USDC, které na Arbitrum okamžitě směnila za 12 085 ETH za cenu 1 965 USD za kus.
According to EmberCN’s monitoring, an hour and a half ago, the DeBank address under the username musti_akrep exploited a vulnerability on Perp DEX Ostium to gain 23.75 million USDC, transferred the funds to the Arbitrum blockchain, and immediately converted the USDC into 12,085 ETH at a purchase price of $1,965.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
24 minutes ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
24 minutes ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
24 minutes ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
24 minutes ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
24 minutes ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
Spark Savings na Arbitrum nově podporuje USDT0, takže vedle USDC a USDS pokrývá tři největší stablecoiny. Uživatelé mohou ukládat USDT0 bez překlápění do jiné mince.
Spark Savings on Arbitrum now supports the three largest stablecoins by market capitalization: USDC, USDS and, from today, USDT via USDT0. For wallets, treasury platforms and other builders, that means users can access Spark Savings while staying in the stablecoin they already hold, through a single savings infrastructure. Here’s why this is important for the programmable economy future we’re building towards.
Why this isn't "just another USDT deployment"
Arbitrum has bridged USDT for years. What's new is USDT0, Tether's omnichain implementation of USDT built on LayerZero's Omnichain Fungible Token (OFT) standard. Instead of yet another wrapped, fragmented representation of USDT moving around different bridges, USDT0 is a single, 1:1-backed unit of Tether liquidity that can move natively between Ethereum, Arbitrum, and a growing number of supported chains without fragmenting liquidity or introducing additional trust assumptions.
For integrators, that means supporting Spark Savings for USDT without asking users to bridge back to Ethereum, swap into another stablecoin or navigate multiple versions of USDT. Users can stay in the asset they already hold while accessing the same Spark Savings infrastructure available across supported stablecoins.
spUSDT is Spark's ERC-4626 USDT savings vault. Deposit USDT0, receive spUSDT, a transferable savings token that represents your position in the vault while continuing to accrue yield.
Like Spark's existing USDC and USDS savings vaults on Arbitrum, spUSDT follows the same ERC-4626 design, giving integrators a consistent way to support savings across multiple stablecoins.
USDT0 (spUSDT) is designed to be simple to integrate and simple to use:
No lockups, deposit and withdraw at any time
Transferable and composable with other DeFi applications through the ERC-4626 standard
Access to Spark's programmatic allocation framework, which coordinates capital across vetted DeFi venues.
Earn sustainable yield without relying on temporary incentives
With USDT0 now supported, users can access Spark Savings directly from one of Arbitrum's most widely used stablecoins without changing assets first.
With USDC, USDS, and now USDT0 supported, Spark Savings on Arbitrum now provides savings infrastructure representing over 90% of the network's stablecoin supply, according to defillama. That gives builders access to savings infrastructure across the stablecoins their users are most likely to already hold.
For users, that means staying in the stablecoin they already hold without bridging back to Ethereum or swapping into another asset just to access savings. For wallets, treasury platforms and DeFi applications, it means broader stablecoin coverage through a consistent integration model.
That matters because USDT remains the world’s largest stablecoin by supply, while Arbitrum has become one of the deepest ecosystems for stablecoin trading, derivatives, and on-chain payments. Bringing Spark Savings to USDT0 expands that coverage, making it easier for builders to offer sustainable savings across the stablecoins their users already hold.
Whatever stablecoin you're already holding or trading with on Arbitrum, there's now a Spark vault for it.
Building on Arbitrum?
Whether you're building a wallet, treasury platform or DeFi application, Spark Savings can help make your business programmable by making it easy to offer savings across the three largest stablecoins on Arbitrum.
Talk to the Spark team to learn how Spark Savings can fit into your product. [email protected]
Robinhood Chain na Arbitrum mainnetu od spuštění veřejně nasbírala téměř 600 mil. USD v TVS, 808 mil. USD denního DEX objemu a přes 800 tis. USD příjmů.
The first half of 2026 ended with a landmark milestone. On July 01, the Robinhood Chain mainnet powered by Arbitrum went live, crystallising what the ecosystem has been actively building: the finance-native platform with enterprise-grade infrastructure to power the programmable economy.
As an Arbitrum chain, Robinhood Chain remits 10% of its net revenue to the Arbitrum ecosystem. This is the same revenue-sharing model that applies across 30+ Arbitrum chains (that settle outside Arbitrum One) as part of the licence economics of this product line.
Enterprise Growth
Robinhood, a $100B fintech with 28 million users and $307B in AUM, has become the world's largest publicly listed fintech with its own blockchain, and it chose the Arbitrum Platform to build it.
In just 2 weeks since its public launch, Robinhood Chain has already achieved:
Securing almost $600M in TVS$808M+ in 24h DEX volume – 3rd-largest chain in crypto$800K+ in Revenue (~$23 million annualized run-rate)Alongside Robinhood, a broader wave of enterprise expansion took shape on Arbitrum in H1:
LG Electronics announced it’s building out a blockchain-based network for its onchain advertising network on the Arbitrum PlatformMastercard expanded stablecoin settlement support to assets on ArbitrumPayPal's PYUSD peaked at $428M on Arbitrum in Q1Cash App announced send and receive support in app for USDC with Arbitrum as a supported chainNetwork activity
Underneath the enterprise momentum, the network continued to grow.
Lifetime transactions surpassed 2.7B while adding 474M transactions in H1 alone. February 2026 accounts for an all-time-high of 133M Chain GDP has surpassed $1.7B, growing 45% YoYStablecoin holders grew 40% to 10.5M, with monthly transfer volumes exceeding $60BMarket position
Arbitrum maintained and strengthened its position across key metrics in H1.
A top-3 blockchain by protocol count, with 1,142 live projects on the Arbitrum PlatformRWA AUM at ~$850M (3x YoY) and consistently leading by deployment count with 2,000+ assetsDerivatives broke out in H1: open interest grew 434% in six months, peaking at $1.5B and exceeding the combined open interests on Ethereum and SolanaFinancial resilience
ArbitrumDAO continued to operate with structural efficiency through H1 despite market volatility.
ArbitrumDAO maintained 97%+ gross margins across protocol revenue streams throughout H1 Held $125M+ in non-native treasury assets (ETH, RWAs & stablecoins) as of June-endProduct readiness
The Arbitrum technology stack continued to outpace adoption throughout H1.
Dynamic pricing went live on Arbitrum One, giving businesses predictable transaction costs at scale. Compliance tooling, ZK-proof settlement, confidentiality infrastructure, and new economic levers for dedicated chains are actively in development. The full architecture is laid out here for anyone evaluating what the platform looks like at the next stage of scale.
The Robinhood announcement is the headline. But the six months that preceded it are the reason it happened here and not somewhere else.
PANews July 12 news, Token Unlocks data shows that tokens such as DBR, ARB, YZY will see large unlocks next week, including:
deBridge (DBR) will unlock approximately 618 million tokens on July 17 at 8:00 am Beijing time, representing about 11.4% of the circulating supply, worth about $10.1 million;
Arbitrum (ARB) will unlock approximately 92.65 million tokens on July 16 at 9:00 pm Beijing time, representing about 1.65% of the circulating supply, worth about $8.5 million;
YZY (YZY) will unlock approximately 20.83 million tokens on July 17 at 11:00 am Beijing time, representing about 4.1% of the circulating supply, worth about $6.1 million;
Starknet (STRK) will unlock approximately 127 million tokens on July 15 at 8:00 am Beijing time, representing about 3.74% of the circulating supply, worth about $3.9 million;
Sei (SEI) will unlock approximately 55.56 million tokens on July 15 at 8:00 pm Beijing time, representing about 0.91% of the circulating supply, worth about $2.8 million.
Robinhood Chain za první týden po spuštění přilákal více než 70 milionů USD v bridgovaném Etheru. Síť zároveň hlásí TVL nad 106 milionů USD a denní objem obchodů na Uniswapu 500 milionů USD.
Robinhood Chain has attracted more than $70 million worth of bridged Ether within its first week, strengthening Ethereum’s role as the settlement layer behind the brokerage’s new tokenized finance network.
Summary
Robinhood Chain has attracted more than $70 million in bridged Ether within its first week after launch. Daily Uniswap trading volume has reached $500 million while total value locked has climbed above $106 million, supported by institutional liquidity. Token Terminal said continued adoption of Robinhood Chain could create a meaningful new source of demand for Ether. Data from Token Terminal showed the Arbitrum-based layer-2 network crossed the milestone after launching on July 1, with the analytics platform saying continued adoption could make the chain “a meaningful new source of demand for ETH.”
ETH bridged from @ethereum (L1) to Robinhood Chain (L2) is up by ~70x in the past week, surpassing $70M@RobinhoodApp Chain uses ETH as its native gas token
If adoption continues, the chain could become a meaningful new source of demand for ethereum:native pic.twitter.com/ihvgnut9Hz
— Token Terminal 📊 (@tokenterminal) July 9, 2026 Robinhood introduced the EVM-compatible network as an “AI-native” blockchain built for real-world assets, using ETH as its native gas token. The launch coincided with the company’s rollout of tokenized US stocks to customers in more than 120 countries, expanding its push into blockchain-based financial products.
Recent on-chain data also points to rapid ecosystem growth. Earlier this week, DeFiLlama data showed Robinhood Chain’s total value locked had climbed above $106 million after large institutional deposits into the Morpho lending protocol, while daily Uniswap trading volume reached $500 million, placing the network behind only Ethereum mainnet over the same period.
Ethereum demand grows alongside Robinhood Chain activity Alongside the rise in bridged assets, Token Terminal said Robinhood Chain has been converting liquidity into on-chain activity. According to the firm, daily active users reached 194,000 while daily revenue climbed to about $39,000, implying an annualized run rate of roughly $14 million.
DeFiLlama reported similar growth, showing the network held 46,748 ETH, worth about $83 million at current prices, before TVL later expanded beyond $100 million. The platform added that inflows on Thursday alone totaled 31,855 ETH, or roughly $55 million.
Commenting on the network’s activity, Uniswap founder Hayden Adams said most transactions on Robinhood Chain are denominated in ETH.
“It’s the base pair for trading, the highest volume asset, and the gas token to pay for blockspace,” Adams wrote, adding that the network also burns ETH on Ethereum’s mainnet to cover data storage costs.
Institutional participation has also accelerated liquidity growth. According to DeFiLlama, nearly $90 million of the chain’s locked value is held on Morpho, where Robinhood Earn offers around 7% annual percentage yield on USDG deposits. The biggest contribution came from Ethena, which deposited $50 million into a Steakhouse Financial-managed USDG vault in a single transaction.
Institutional flows support early momentum The growing activity comes as Robinhood continues expanding its tokenized finance ecosystem. Trading on the network has centered on Wrapped Ether (WETH), memecoins, and tokenized equities including NVDA, AAPL, and GOOG, while Robinhood launched the chain with support for Uniswap’s v2, v3, v4, and UniswapX infrastructure.
RWA.xyz data shows Ethereum and its layer-2 networks account for more than half of the tokenized real-world asset market, giving Robinhood Chain access to an ecosystem that already dominates the sector.
Robinhood Chain na Uniswapu za 24 hodin dosáhl objemu obchodů 500 milionů USD, což je nejvyšší objem mezi nasazenými sítěmi mimo Ethereum mainnet. Síť se spustila teprve před několika dny.
Robinhood (@RobinhoodCrypto) Chain has rapidly established itself as a major force in decentralized finance, recording $500 million in 24-hour trading volume on Uniswap (@Uniswap) on July 8. The milestone makes it Uniswap's highest-volume deployment outside of Ethereum mainnet, just days after going live.
A Fast Start for a New Chain Robinhood Chain launched its public mainnet on July 1, 2026, built on the Arbitrum (@arbitrum) technology stack with 100-millisecond block times. The chain is designed for tokenized real-world assets and 24/7 financial services, with Stock Tokens tracking listed equities such as NVIDIA, Alphabet, and Apple available through Robinhood Wallet in more than 120 countries. The volume figure on July 8 was roughly 10 times higher than what the chain recorded the previous day, pointing to a sharp acceleration in user activity.
Trading was driven by a mix of wrapped Ethereum (WETH), memecoins, and tokenized stocks. Uniswap deployed all of its major protocol versions from day one, including v2, v3, v4, and UniswapX, establishing itself as the chain's primary automated market maker from the outset. According to the official Uniswap blog, Uniswap serves as the primary public AMM on Robinhood Chain with support across the Uniswap web app, wallet, and API from launch day.
Broader Context The launch is part of a wider push by Robinhood into on-chain financial infrastructure. Alongside Uniswap, day-one ecosystem partners include Chainlink for oracle infrastructure, as well as Alchemy and BitGo for additional DeFi services. The chain also introduced Robinhood Earn, a lending product targeting an estimated 7% APY on dollar-backed USDG, built on the Morpho protocol.
For Uniswap, the deployment adds another revenue-generating venue to its growing multi-chain footprint. The $UNI token rose between 11% and 14% around the time of the chain's launch as traders priced in higher protocol usage.
The key question going forward is whether the chain can sustain meaningful volumes beyond its launch week. The $500 million single-day figure is notable, but longer-term activity levels and total value locked will be more telling indicators of whether Robinhood Chain becomes a durable fixture in DeFi.
Sources:
Uniswap Blog: Uniswap is Live on Robinhood Chain
Robinhood Newsroom: Robinhood Chain Mainnet Launch
Crypto Briefing: Robinhood Chain Hits $500M in 24-Hour Uniswap Volume
Arbitrum bude od řetězců postavených na jeho technologii vybírat 10 % čistých protokolových výnosů, pokud se vypořádávají mimo Arbitrum One nebo Nova. Robinhood Chain je první výrazný příklad.
Every Layer 2 chain built with Arbitrum’s technology that settles outside of Arbitrum One or Nova will now kick back 10% of its net protocol revenue to the Arbitrum ecosystem. That includes Robinhood Chain, which just launched its own Ethereum L2 using the Arbitrum tech stack.
The split works out to 8% flowing into the Arbitrum DAO treasury and 2% going to the Arbitrum Developer Guild.
How the Arbitrum Expansion Program works The revenue-sharing arrangement falls under what Offchain Labs calls the Arbitrum Expansion Program, or AEP. It applies specifically to chains that leverage Arbitrum’s tech stack but settle transactions on blockchains other than Arbitrum One or Nova.
The revenue subject to sharing comes from sequencer profits, the fees generated by the entity responsible for ordering and processing transactions on the chain. If a chain adopts Timeboost, Arbitrum’s mechanism for capturing maximal extractable value (MEV), those revenues could also fall under the sharing arrangement.
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Robinhood Chain’s early traction Robinhood Chain is the highest-profile chain operating under this model, and its early numbers suggest the revenue share could actually mean something. The chain processed 4 million transactions during its first week of mainnet operation.
Uniswap was among the partners integrated from day one, giving the chain immediate DeFi liquidity infrastructure. The chain launched its public testnet on February 10, 2026, before transitioning to a full public mainnet. Robinhood’s path to this moment involved an earlier phase where the company deployed tokenized US stocks and ETFs on Arbitrum One in 2025.
Offchain Labs, co-founded by Steven Goldfeder and Ed Felten, provided technical support for Robinhood Chain’s development. Goldfeder has emphasized the technology’s readiness for enterprise-grade applications.
The bigger picture for Arbitrum’s business model The 8% directed to the DAO treasury and the 2% allocated to the Developer Guild create direct incentives for the people actually building and maintaining the technology, tying compensation to ecosystem-wide revenue growth in a way that one-time grants do not.
What this means for investors For ARB token holders, the revenue-sharing model introduces a concrete value accrual mechanism tied to ecosystem growth. Every new chain that launches on the Arbitrum stack feeds revenue back into the DAO treasury that ARB holders govern.
The competitive landscape matters here too. Optimism’s Superchain model takes a similar approach with its OP Stack, collecting revenue from chains like Base (Coinbase’s L2). Arbitrum’s AEP is a direct response, ensuring that the proliferation of Arbitrum-based chains doesn’t become a value extraction problem where Offchain Labs benefits but the broader ecosystem doesn’t.
Robinhood’s evolution from deploying tokenized assets on Arbitrum One to launching its own dedicated chain sets a template that other fintech companies could follow, with Robinhood Chain’s 4-million-transaction first week as an early indicator of volumes flowing through these chains.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave DAO schválila nativní nasazení GHO na Arbitrum, což má rozšířit stablecoin mimo původní prostředí a posílit jeho distribuci. Arbitrum mu otevře přístup k širší DeFi likviditě.
Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosystems.
The useful way to read this is not as a guaranteed price signal, but as a fresh piece of information in a market that is trying to sort real developments from noise. The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
For more details, visit the official Governance platform.
TL;DR Aave DAO approved a proposal to deploy GHO natively on Arbitrum.The plan expands GHO beyond its original environment and deepens Aave’s stablecoin strategy.The move shows DeFi protocols are still trying to solve cross-chain liquidity and distribution. Why Arbitrum matters for GHO Stablecoins live or die on usefulness. If GHO is going to compete for real DeFi activity, it needs to be available where borrowing, lending, and trading already happen. Arbitrum gives it access to a deeper layer-2 user base and more places where liquidity can circulate.
The proposal also shows how mature DeFi projects are thinking about expansion now. It is less about launching a token and more about placing that token into the right liquidity venues with the right technical rails.
The Market Read Explain the Chainlink CCIP role without making it too technical.
That is the balance readers need to keep in mind. Crypto markets are quick to turn every update into a single-direction trade, but most durable stories are more layered than that. They matter because they change positioning, incentives, infrastructure, or regulation over time.
What Comes Into Focus Now From here, the important thing is follow-through. If the source data, company update, filing, or on-chain record continues to move in the same direction, this can become part of a larger trend. If it stalls, it is still useful as a snapshot of where attention is sitting today.
For traders and readers, the cleaner takeaway is to separate the confirmed development from the speculation around it. The confirmed part is what deserves coverage. The speculation is what needs caution.
For DeFi readers specifically, the story is useful because it gives a clearer frame for the next few sessions. It tells them what to watch, which part of the market is reacting, and where the first obvious risk sits. That is more valuable than simply saying a token, company, or regulator has made a move. The useful work is in connecting the update to liquidity, positioning, adoption, enforcement, or user behaviour without pretending that any single headline controls the whole market.
The practical question now is whether this remains an isolated update or becomes part of a chain of follow-through. A second filing, another wallet move, fresh dashboard data, a new governance vote, or a stronger market reaction can all turn a clean single-day story into a broader narrative. Without that follow-through, it still matters, but more as a marker of where attention was concentrated on July 8 than as a complete trend on its own.
That distinction is especially important in a market where headlines can travel faster than context. A source-backed update gives readers something firmer to work with, but it does not remove liquidity risk, execution risk, or the chance that traders fade the initial reaction once the first wave of attention passes.
In that sense, the headline is only the starting point. The better read is to watch how builders, exchanges, funds, wallets, regulators, or large holders respond after the first announcement has moved through the feed.
This report is based on information from governance.aave.com.
This article was written by the News Desk and edited by Samuel Rae.
Secret Network navrhuje přesun z Cosmos na Arbitrum kvůli rostoucím bezpečnostním rizikům spojeným s AI a nižší likviditě v ekosystému Cosmos. SCRT po zprávě za 24 hodin klesl o 24 % na 4,1 centu.
Privacy-focused layer-1 blockchain Secret Network is proposing to move from its longtime home on Cosmos to Ethereum layer-2 Arbitrum, citing security risks from artificial intelligence, among other reasons.
Secret Network has been running privacy-preserving smart contracts on Cosmos since 2020, as the ecosystem had strong momentum back then, but the “environment has changed,” the team said Tuesday.
“The security risk is the part we take most seriously,” it said. “Old code is becoming dramatically easier to analyze … With AI, the cost of attacking stale code is falling across the board.”
The recent Axelar-Secret IBC bridge exploit highlighted growing security risk from aging, under-maintained code — a risk the team argues AI-assisted exploitation is making worse. The release of advanced AI models such as Anthropic’s Claude Mythos 5 has dramatically increased the capabilities for discovering and potentially exploiting code vulnerabilities.
Liquidity has thinnedThe Secret team described Arbitrum as having “deep liquidity, tooling, wallet and exchange support, and thousands of builders composing with one another,” and said “liquidity has thinned” on Cosmos while builders have “drifted to other ecosystems.”
“The tooling you’d want to count on is shakier than it used to be, and a number of projects that once anchored Cosmos have migrated,” it added.
“Attacks that used to take deep manual effort are getting cheaper as models get better at reading contracts, tracing assumptions, and turning a forgotten edge case into a working exploit.”The proposal, which requires a governance vote, follows a bridge exploit in June that resulted in the loss of $4.7 million in bridged assets but did not affect Secret’s native token, SCRT.
For SCRT to endure, it needs a new stable home, and the Ethereum ecosystem is that home, the team said.
The team is planning a one-time snapshot of SCRT balances on Sept. 1, which will be used to issue a new ERC-20 SCRT contract on Arbitrum.
Dwindling DeFi value locked The total value locked in the Cosmos ecosystem is around $2 billion, down 88% from its peak during the 2021 bull market. Comparatively, Arbitrum is the leading layer-2 network by total value secured, which is $17.4 billion, according to L2Beat.
Secret Network has just $1.3 million in TVL on Cosmos, according to DefiLlama.
SCRT holders did not react well to the news, with the token tanking 24% over the past 24 hours to 4.1 cents, down more than 99% from its 2021 peak, according to CoinGecko.
Secret is not the only network to leave Cosmos. In February, privacy-focused blockchain NilChain, built with the Cosmos SDK, left the ecosystem in a move to Ethereum.
The Sei Network completed a full Cosmos-to-EVM transition in June, closing down its native Cosmos transaction layer entirely and becoming Ethereum-based.
Stablecoin blockchain Noble also announced it was moving from the Cosmos ecosystem to Ethereum in January.
Features: The biggest blockchain upgrades still to come in 2026
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Vault Lazy Summer na Arbitrum spojený se Summer.fi utrpěl odhadovanou ztrátu 6 milionů USD po šíření DeFi nákazy z neúspěšného lending trhu. Ztráta nebyla způsobena přímým útokem na Summer.fi, ale na navázané protokoly a kolaterál.
A Lazy Summer Protocol vault connected to Summer.fi suffered an estimated $6 million loss after exposure to a failed DeFi lending market on Arbitrum, renewing scrutiny of automated yield products and the risks embedded in multi-protocol strategies.
The affected product was the Lazy Summer Arbitrum USDC Vault, which had allocated funds into Silo Finance’s Swaap Lend susdx 127 USDC market. According to Summer.fi’s post-mortem, the loss was not caused by a direct exploit of Summer.fi’s user interface or Lazy Summer’s vault contracts. Instead, it resulted from a chain of external failures that began with the Nov. 3 Balancer V2 Composable Stable Pool exploit and later spread through connected DeFi markets.
Balancer estimated the original exploit at roughly $94.8 million. The attack affected several liquidity pools and contributed to stress in Stables Labs’ USDX asset, which began losing its peg on Nov. 6. The problem then reached Silo’s susdx/USDC lending market, where the affected Lazy Summer vault had deployed capital.
Contagion Through the Yield Stack The core issue was a mismatch between the real economic value of the impaired Silo position and the value being reported on-chain. Summer.fi said Silo’s market continued to report values that did not properly reflect the deterioration in USDX-linked collateral. As a result, the Lazy Summer vault continued treating its position as more valuable than it actually was.
That pricing failure created a withdrawal imbalance. Users who exited the vault before the loss was fully reflected could withdraw against inflated valuations, leaving remaining depositors exposed to the eventual shortfall. The vault’s ordinary accounting mechanisms did not immediately distribute the loss because the underlying Silo market had not properly recognized it.
Summer.fi said deposits into the affected Arbitrum vault were blocked on Nov. 6, with notices posted on the vault interface, Discord and X. A snapshot of affected users was also completed the same day. The team later began work on recovery-monitoring contracts designed to automatically withdraw any available liquidity from Silo if funds become accessible.
Governance Response and Market Impact The Lazy Summer DAO has moved to offboard the affected Silo market from its strategy set. On Nov. 13, the DAO published SIP2.39 to remove the Silo susdx/USDC market, and the proposal passed on Nov. 21. The DAO is also evaluating emergency controls, a rebuilt Arbitrum strategy set without USDX exposure, stronger risk disclosures, possible compensation and an insurance fund.
The incident is significant because it highlights a risk that is harder for ordinary users to assess: vaults can suffer losses even when their own smart contracts work as intended. Automated yield products depend on external lending venues, collateral assets, liquidity pools and oracle feeds. A failure in any part of that stack can impair depositors.
For DeFi investors, the Summer.fi-linked loss is a warning against treating curated vaults as simple yield products without protocol-level risk. For risk managers, it raises questions about oracle assumptions, depeg monitoring, emergency withdrawal controls and whether vaults should continue accepting withdrawals when an underlying market’s reported value becomes unreliable.
The $6 million loss is small compared with the largest DeFi exploits, but its market relevance is broader. It shows that DeFi contagion can move quietly through yield infrastructure, reaching users who may never have interacted directly with the compromised protocol. As vault products target more passive users and institutional allocators, transparency around hidden strategy exposure is likely to become a more important competitive and regulatory issue.
Boardwalk plánuje přesunout své systémy protokolových tokenů na Arbitrum a nahradit BMX novým tokenem BWS. Držitelé BMX budou moci později migrovat v poměru 1:1 na BWS.
San Francisco, California, July 3rd, 2026, Chainwire
Boardwalk, a launch and market-formation protocol for token economies, announced plans to move its protocol-token systems to Arbitrum and introduce BWS as the successor to its legacy BMX protocol token.
Under the planned transition, BWS will anchor Boardwalk’s protocol-token systems on Arbitrum, including staking, Voter Points, Fee Direction, and primary protocol-token liquidity. Boardwalk’s application layer will remain multichain, with relaunches planned across six supported networks as integration work is completed.
The transition separates the protocol token’s operating environment from Boardwalk’s broader application infrastructure. Boardwalk will continue to support token-economy launches through its application layer, while protocol-token systems operate from Arbitrum.
Boardwalk’s launch framework is intended to provide a standardized structure for token-economy formation. Its described architecture includes published launch rules, seed liquidity designed to lock at graduation, contract-defined fee routing and vesting, fee-protection mechanisms, liquidity-provider participation systems, and Café Boardwalk, a public coordination space for launches.
Under Boardwalk’s described fee configuration, applicable trades include a 1.15% token fee and a 0.10% pool fee, totaling 1.25%. The token-level fee mechanism is designed to reduce incentives for alternative liquidity arrangements focused solely on capturing trading-fee flows. Fees are routed according to the applicable launch configuration and depend on protocol activity and market conditions.
Boardwalk does not select, vet, or endorse issuers or projects that use its protocol.
“BWS is intended to consolidate the protocol-token systems supporting Boardwalk’s next stage of development on Arbitrum, while the application layer remains multichain,” said Meowphasaurus, Co-Founder of Boardwalk. “The transition provides a defined operating environment for staking, Voter Points, Fee Direction, and protocol-token liquidity, while launches continue to be structured through the Boardwalk application layer.”
BMX holders who meet published eligibility requirements will be able to migrate 1 BMX for 1 BWS through Boardwalk’s official migration process when it opens. Migrated BWS is planned to be received as a staked position on Arbitrum. Boardwalk will publish official contract addresses, eligibility criteria, timing, bridge information, and step-by-step instructions before the migration process becomes available.
BWS is planned to use a token-contract design without an owner, administrator, minter, upgrade path, or post-deployment supply-increase function. Boardwalk expects to publish final contract details and verification materials through its official channels.
Boardwalk will release further information about the multichain application relaunch and protocol-token transition through its official website and communications. Users should rely on those sources for contract addresses, eligibility criteria, and migration instructions.
About Boardwalk
Boardwalk is launch and market-formation infrastructure for transparent token economies. Its protocol framework includes visible launch rules, seed liquidity designed to lock at graduation, contract-defined fee routing, vesting, participation systems, and public coordination through Café Boardwalk.
This release is for informational purposes only. Statements about future integrations, deployments, timing, migration, bridge availability, protocol activity, fees, or burns are forward-looking and subject to change. Migration availability is subject to published eligibility criteria, applicable law, technical availability, and smart-contract risk. BWS, staking, Voter Points, and Fee Direction do not provide ownership, equity, a revenue share, or a claim on Boardwalk or its assets. Voter Points are non-transferable and have no monetary value. Nothing in this release guarantees liquidity, fee amounts, token value, economic benefit, or any financial outcome. References to Arbitrum identify an intended deployment environment and do not imply sponsorship, endorsement, or partnership.
MiCA vytlačila USDT z regulovaných burz v EU a posílila USDC, které může bez omezení fungovat napříč všemi 27 členskými státy. Robinhood zároveň vybral Arbitrum pro svou novou síť, což podtrhuje jeho institucionální náskok.
The layer-2 wars have entered a new phase, and the dividing lines are no longer purely technical. Arbitrum, Base, and Optimism continue to compete on throughput, fee economics, and developer ecosystems. Those factors remain relevant.
But as the past week has made clear, the deciding variables for institutional capital have shifted to regulatory readiness – and the gap between the leading L2s and the rest is now measurable.
MiCA's Stablecoin Re-Sort
July 1 marked full enforcement of the Markets in Crypto-Assets Regulation (MiCA), and the most immediate impact was on stablecoin routing. Tether's USDT – $186 billion in issuance, the world's largest stablecoin – was removed from regulated EU exchange order books after the company declined to seek an Electronic Money Institution license. Tether CEO Paolo Ardoino publicly argued that placing 60% of reserves ($111 billion) in EU-supervised banks would constitute systemic risk to European financial institutions.
The counterpoint is less discussed: MiCA's reserve transparency requirements, including monthly audited disclosures by registered EU auditors, would have imposed examination standards that Tether has historically avoided. The company has never completed a full independent audit by a major accounting firm; its quarterly attestations confirm balances match what the company reports, not that the reporting is accurate and complete. The CFTC fined Tether $41 million in 2021 and found it had maintained full dollar backing for only 27.6% of days between 2016 and 2019.
Coinbase Europe, Kraken, Crypto.com, and Binance EU pulled USDT for European users. Only 210 of more than 1,200 EU crypto firms had converted to full MiCA CASP authorization as of the July 1 deadline – meaning 83% of operators entered the enforcement period technically in breach. Circle's USDC, backed by approximately $60 billion in reserves and authorized through France's ACPR since 2024, operates freely across all 27 EU member states.
The institutional implication is direct: compliant stablecoin routing is now a precondition for European market access. USDC is the beneficiary. Tether maintains infrastructure partnerships – StablR and Oobit launched MiCA-compliant stablecoins via Tether's Hadron platform – but the direct product presence inside regulated EU venues is gone.
The Enterprise Procurement Signal
One of the more significant institutional signals of the week was Robinhood's choice of infrastructure partner for its newly launched chain. On July 1, Robinhood announced Robinhood Chain, a layer-2 network built on Arbitrum Orbit. The company, which serves nearly 28 million customers across 38 countries and is a regulated financial institution—not a crypto-native startup—made a deliberate platform commitment to Arbitrum's stack. HOOD shares rose approximately 4% on the day of the announcement.
Robinhood Bets on Onchain Finance With AI-Native Ethereum Layer-2 Launch
Robinhood Chain brings 24/7 tokenized stocks, perps via Lighter, and agentic trading to a global audience — as the brokerage pushes deeper into DeFi infrastructure.
BlockheadBlockhead
Day-one ecosystem partners read like an enterprise blockchain procurement checklist: Uniswap deploying a dedicated AMM for public liquidity, Pleiades running a proprietary trading venue, BitGo for custody, Chainlink for oracle infrastructure, and Alchemy for developer tooling. These are the same names that appear in institutional RFPs for enterprise blockchain deployment. The composition of that list is itself a signal.
This matters beyond Robinhood. Arbitrum's institutional partnership infrastructure – custodians, prime brokers, settlement systems – has increasingly become the mechanism that determines which L2s get included in enterprise infrastructure stacks. Base continues to show strong transaction volume growth with Coinbase's regulatory relationships as backdrop. Optimism maintains its op-stack ecosystem and progressive decentralization roadmap. Both remain relevant. But in an environment where institutional clients ask pointed questions about regulatory jurisdiction and compliance pathways, Arbitrum's enterprise-ready infrastructure appears most mature.
What Regulation is Actually Sorting
MiCA's stablecoin provisions are the most visible sorting mechanism, but they are not the only one. DORA cybersecurity requirements, the EU travel rule for crypto-asset transfers, and expanding institutional reporting obligations are compressing the window for chains without compliance-grade frameworks. Custodians and settlement systems are increasingly specifying which L2s meet their due diligence standards as a precondition for integration.
Ethereum hosts approximately $180 billion in stablecoins on mainnet – roughly 60% of total supply – and roughly two-thirds of all tokenized real-world assets, according to DeFiLlama data. The routing question for institutional capital is no longer whether to use Ethereum L2s, but which one offers the compliance foundation, liquidity depth, and infrastructure partnerships for sustained deployment.
The US options market processed more than 15.2 billion contracts in 2025, averaging roughly 60 million per trading day – record levels that reflect broader institutional adoption of listed derivatives for directional trading, hedging, and capital management. As that volume grows and more of it migrates on-chain, the chains that have already cleared the enterprise procurement bar will capture disproportionate flows.
What is sorting the field is not retail volume. It is enterprise procurement that determines which chains get included in institutional infrastructure stacks. The chains that clear that bar will capture meaningful institutional flows. The rest will compete for everything else.
Arbitrum Foundation žádá 43,5 milionu USD na financování provozu do roku 2027, včetně 230 milionů ARB a 1 740 ETH. Návrh byl podán 22. května a o něm bude ARB DAO hlasovat od 8. června.
The Arbitrum Foundation just put a $43.5 million price tag on keeping the lights on through 2027. The formal governance proposal, submitted on May 22, requests $16 million in real-world assets and stablecoins, 1,740 ETH, and 230 million ARB tokens to fund everything from core infrastructure to ecosystem development.
Here’s the thing: the Arbitrum DAO only generated $23.49 million in gross profit during 2025. Asking for roughly 1.85 times your annual revenue to cover next year’s expenses is, to put it mildly, a conversation starter.
The numbers that matter The Foundation projects $27.6 million in operating expenses for 2027, plus an additional 244.9 million ARB tokens earmarked for various costs. More than half of the budget, about 54%, goes toward technical infrastructure, security, and hosting for the Arbitrum One and Nova networks.
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The 2025 revenue of $23.49 million came from transaction fees, a mechanism called Timeboost, and expansion programs. One DeFi analyst flagged that the Foundation would effectively be operating at approximately 2.3 times its 2025 revenue level if the proposal passes.
An on-chain vote is scheduled to begin on June 8, giving ARB token holders the final say. This funding request goes beyond the initial AIP 1.1 allocation, meaning the Foundation is coming back to the well for more than originally planned.
Why Offchain Labs looms large Buried in the proposal is a detail that adds urgency to the timeline. Offchain Labs, the primary developer behind Arbitrum’s core technology, has its current funding arrangement through the Foundation set to expire in January 2027. Without a new deal, the team building the actual protocol could theoretically need to seek DAO funding directly.
The Foundation positions itself as a cost center designed to let the DAO maximize revenue, handling operational work so the broader ecosystem can focus on generating value.
Growth metrics vs. financial reality Daily transactions on Arbitrum have increased over 270% since early 2023, and the network’s stablecoin supply has tripled over the same period.
The 230 million ARB tokens requested represent meaningful dilution pressure. When a DAO allocates hundreds of millions of its native token for operational expenses, those tokens eventually hit the market in some form, whether through direct spending, grant distributions, or contractor payments.
The 2.3x revenue-to-expense ratio is the number to watch. If Arbitrum’s transaction fee revenue scales meaningfully through 2027, possibly driven by that 270% transaction growth trend, the spending could look prescient. If revenue flatlines or L2 fee compression continues across the industry, this proposal could become exhibit A in a case study about DAO fiscal discipline.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Boardwalk migruje svůj protokolový token BMX na Arbitrum a migrace se otevře 17. července 2026. BMX má maximální nabídku 10 milionů a v oběhu je zhruba 2,7 milionu tokenů.
Boardwalk, the permissionless protocol built for launching and discovering token economies, is moving its protocol token to Arbitrum. The migration is set to open on July 17, 2026, marking the latest step in the project’s multi-chain expansion.
What Boardwalk actually does The protocol’s native token, BMX, functions as what the project calls a “deflationary consumption token.” BMX gets burned when people use it to launch tokens, spent when participants vote in discovery mechanisms, and staked when holders want to direct how protocol fees are routed.
Those fee routes include buybacks, burns, liquidity locks, and staking rewards.
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BMX has a maximum supply of 10 million tokens, with roughly 2.7 million currently in circulation.
Why Arbitrum, and why now Boardwalk isn’t new to multi-chain deployment. The protocol has previously operated across Ethereum, Base, Fraxtal, and Katana.
The announcement surfaced in mid-to-late June 2026, with the July 17 date serving as the official opening for the Arbitrum deployment. Community discussions on X and Reddit have pointed to the migration as a potential catalyst for increased BMX utility, though the exact mechanics of the transition, including whether existing BMX holders on other chains need to take any action, remain part of the rollout details.
The token naming situation One wrinkle worth noting: the original announcement referenced the migrating token as “MTB,” while the protocol’s public-facing documentation and community predominantly reference “BMX” as the native protocol token. This appears to reflect either a transition from an earlier token version or a naming convention that varies across deployment stages.
What this means for investors For existing BMX holders, the migration could serve as a catalyst if it successfully introduces the protocol to Arbitrum’s user base. The tight circulating supply of 2.7 million tokens against a 10 million max supply means the deflationary mechanics have room to compress supply further, assuming usage materializes.
Investors watching this space should be tracking launch activity on the platform, liquidity depth on Arbitrum pairs, and whether the BMX burn rate accelerates post-migration.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood spustil veřejný mainnet Robinhood Chain a zároveň uvedl Stock Tokens i on-chain půjčování přes Morpho. Firma také chystá obchodování s kryptoměnami ve Velké Británii a rozšiřuje služby do Kanady a Singapuru.
At a London keynote, the trading platform opened its Arbitrum-based Layer 2 to the public, rolled out new stock tokens and a Morpho-powered lending product, and confirmed launches in Canada and Singapore alongside plans for crypto trading in the UK.
Robinhood put its blockchain ambitions into production on July 1, launching the public mainnet of Robinhood Chain and pairing it with a wave of trading and lending products built to run on top of it.
The announcements came during a keynote called "Robinhood Presents: The World is Flat," streamed live from the Old Royal Naval College in London and hosted by CEO Vlad Tenev and Johann Kerbrat, SVP and General Manager of Crypto and International.
"Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate," Kerbrat said in the announcement. "We're bringing the best of traditional finance and DeFi together, and in doing so, expanding financial ownership to every corner of the globe."
Robinhood Chain Moves From Testnet to MainnetRobinhood Chain first went live as a public testnet in February, when the company launched the Arbitrum-based Layer 2 at Consensus Hong Kong. The network is now live in production, with Robinhood describing it as an institutional-grade, permissionless chain built for tokenized real-world assets and DeFi primitives like onchain lending and borrowing.
Uniswap is deploying a dedicated automated market maker on the chain to act as a public liquidity venue, and a firm called Pleiades is deploying its own AMM as a proprietary trading venue, according to Robinhood. The company also named Alchemy, BitGo, and Chainlink as infrastructure partners providing custody, oracle, and data services.
Stock Tokens Go Live in the Robinhood WalletRobinhood is rolling out a new version of its tokenized-equity product, called Stock Tokens, inside the Robinhood Wallet in more than 120 countries, though availability depends on jurisdiction. Under the new structure, eligible users can trade around the clock on Robinhood Chain and use the tokens as collateral or deposit them into lending pools across DeFi. Trading will route through decentralized exchanges including Uniswap, Rialto, Lighter, Arcus, and 1inch.
Per Robinhood's disclosures, Stock Tokens are tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of the underlying stock but do not confer any legal or beneficial ownership in the security itself — a distinction that drew scrutiny when Robinhood first launched tokenized shares of OpenAI and SpaceX in the EU last year and OpenAI publicly said it had not endorsed or partnered on the product. The original version of the product, now called Classic Stock Tokens, remains available as a derivative contract through the Robinhood Europe app.
Stock Tokens are not available to US persons and are restricted in a number of other jurisdictions, including Canada, the UK, Switzerland, and the UAE, according to Robinhood.
Onchain Lending Robinhood is also rolling out Robinhood Earn to eligible US users, a self-custody lending product that lets people lend USDG for an estimated 7% APY. Robinhood said the lending runs on Morpho, the lending protocol that currently holds roughly $6.6 billion in total value locked across chains, according to DefiLlama.
Robinhood named Steakhouse, Ethena, Spark, and Maple as partners on the product and said losses from cyber or smart-contract exploits are covered by insurance procured through Lloyd's of London and RELM.
Perpetuals Expand in the Wallet and in EuropeRobinhood updated its self-custody Wallet app to integrate more directly with Robinhood Chain, and eligible users in select jurisdictions can now trade perpetual futures on Lighter, a decentralized derivatives exchange, from within the Wallet.
Lighter said it has committed $11 million worth of its LIT token to Robinhood users, who can earn points toward that allocation at a 2x rate when trading through the Wallet versus 1x on Lighter's own app. LIT was trading around $1.65 on CoinGecko at time of publication, with the token's most recent moves tied to momentum around the CLARITY Act, US market-structure legislation, rather than the Robinhood integration.
Separately, Robinhood is expanding perpetual futures in Europe beyond crypto for the first time. Eligible EU users can now trade perpetuals on commodities, ETFs, and FX pairs — including gold, silver, QQQ, EUR/USD, WTI and Brent crude, and EWY — with up to 10x leverage, rolling out in waves. Crypto perpetuals became one of Robinhood's fastest-growing products in Europe after the company expanded its regulated platform to 30 EU and EEA countries last year.
In the US, Robinhood is introducing maker order types for crypto traders, with fees as low as 0% based on volume for professional and advanced traders providing liquidity.
Global FootprintRobinhood said it now serves nearly 28 million customers across 38 countries on three continents, and it paired the keynote with several regional updates.
Robinhood said it plans to launch crypto trading in the UK "soon," a step that would add crypto to the equities, options, and futures products already offered through Robinhood UK Ltd, which is regulated by the Financial Conduct Authority.
In Canada, Robinhood said its app is now officially available to Canadian residents, following the close of its acquisition of WonderFi, the parent company of crypto platforms Bitbuy and Coinsquare. Crypto services in Canada are offered through Coinsquare Capital Markets Ltd., and Robinhood said Canadian customers will pay zero trading commissions through September 30.
Robinhood Singapore said it has received a capital markets services licence from the Monetary Authority of Singapore, which the company described as a significant step toward offering brokerage services in the country. MAS had granted Robinhood in-principle approval for the licence in April, according to earlier reporting, meaning Wednesday's announcement marks the conversion of that preliminary approval into a full licence.
Agentic Trading Extends to CryptoRobinhood is preparing to expand Agentic Trading to crypto for eligible US users. The company introduced Agentic Trading and the Agentic Credit Card in late May, letting customers connect third-party AI agents to a dedicated account through Robinhood's Trading MCP server; that initial beta supported equities, with options and other asset classes described as coming later.
Robinhood said the crypto version will let eligible traders connect an AI model of choice to Robinhood's data and execute strategies automatically, while giving users control over capital allocation and safety guardrails. The company said Agentic Trading for crypto will roll out at no additional cost.
Robinhood's own disclosures caution that agentic trading carries the risk that AI agents can misinterpret instructions, act on outdated information, or behave unexpectedly, and that the company does not guarantee the accuracy of any agent-generated trade.
Robinhood shares (NASDAQ: HOOD) were trading around $108, up more than 7% on the day, according to StockAnalysis.com — a move that predates the keynote and tracks with strong preliminary June trading volumes and a string of Wall Street price-target increases in the days before the event, rather than a reaction to Wednesday's announcements.
In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and returned over $40 million worth of assets stolen from the project.
Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum.
According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations.
Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.”
Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations.
As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet.
The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe.
White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.”
GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required.
Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning.
GMX exploiter accepts white-hat bounty. Source: Lookonchain on X Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark.
In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty.
GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident.
Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.”
GMX token trades at $13.24 in the one-week chart. Source: GMXUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Arbitrum představuje plán pro finanční služby: stabilní ceny, vestavěnou compliance, soukromí a rychlejší vypořádání pomocí ZK proofů. Platforma uvádí téměř 17 mld. USD zajištěné hodnoty, 2,6 miliardy transakcí a přes 30 dedikovaných blockchainů.
Global markets still rely on traditional systems where payments pause at borders and innovation moves slowly. Having spent years earning trust, Arbitrum is now evolving from a scaling solution to the finance-native platform powering the programmable economy. As the largest ecosystem on Ethereum with nearly $17B in total value secured, 2.6 billion transactions, and 30+ dedicated blockchains, Arbitrum provides the proven foundation for this borderless, real-time future.
Building on this foundation, Arbitrum is advancing the architecture to improve operational efficiency and expand global reach, helping businesses implement protocol-level compliance and configure data confidentiality to meet the needs of their category-defining products.*
Here is a look at the architecture being developed to support this next phase of growth:
Stable pricing your users can depend onStatus: Live on Arbitrum One
The programmable economy requires infrastructure built to sustain billions of transactions. If those transaction costs spike unpredictably, payment flows can break and institutional operating models become unreliable. While legacy gas models don’t always align with real-world demand, the Arbitrum Platform addresses this friction through Dynamic Pricing, a first-of-its-kind pricing model that provides businesses:
Predictable costs
Users and operators only pay for what they use on the network. Transactions that require fewer resources no longer subsidize more computationally intensive transactions, making it easier for businesses to forecast costs. Smooth User Experience
Fewer price surges, fewer dropped/failed submissions, and more confidence that your product behaves predictably when the network is experiencing high demand. Headroom to scale sustainably
Dedicated blockchains can achieve higher sustained throughput (Arbitrum One has already reached 910 MGas/s on mainnet). This is possible because pricing now accurately reflects the resources that limit performance, preventing node operators from being forced into large hardware upgrades.Support for regulatory compliance from day oneStatus: In development for dedicated blockchains
A programmable economy requires a framework that aligns with the legal mandates of the global financial system. For fintechs, banks, and asset managers, managing regulatory compliance is a prerequisite for entry. By providing tools built to support these obligations natively, the Arbitrum ecosystem aims to help move compliance from a barrier to an operational unlock, lowering the friction for the world’s most significant capital allocators to participate through the following capabilities:
Onboard your screening provider
Onboard with your preferred screening provider and apply your required policies with robust traceability for allow/deny decisions.Configure your restriction list
Define your KYC, AML, and OFAC parameters from day one. Your dedicated blockchain can be configured to automatically reference your customized lists so that onchain interactions are filtered at the protocol level.Whitelist permitted participants
Define which users, teams, or counterparties are permitted to interact with the blockchain or specific smart contracts, making it easier to enforce internal access policies across your products.Real-time reporting
View transactions as they are filtered live, or export records of blocked addresses and transaction activity to support audit trails, internal review, and reporting requirements.Confidentiality that protects your competitive edgeStatus: In development for Arbitrum One (subject to DAO vote) and dedicated blockchains
True scale in a programmable economy requires balancing public transparency with enterprise-grade confidentiality to support real-world markets and institutions. While open ledgers provide unparalleled trust, the involuntary exposure of client balances and proprietary order flow remains a significant barrier to institutional adoption. To address this, the Arbitrum Platform is building a privacy architecture that supports the full spectrum of visibility, from third-party privacy tools for applications on Arbitrum One, to fully private dedicated blockchains for more sensitive operations. Each option is engineered to help businesses safeguard proprietary data and manage strict confidentiality requirements while benefiting from the following architecture:
Selective disclosure by design
Privacy doesn’t mean hiding everything from everyone. It means keeping sensitive activity confidential in the market while still giving approved operators, auditors, regulators, and internal teams the access they need.Three ways to apply privacy
Privacy is not one model. Some products need confidential applications while operating on a public blockchain. Others require private user interactions with public, EVM-compatible applications. And others need a dedicated blockchain where privacy is built across the entire stack. The Arbitrum Platform is being designed to support all of these models.Settle capital in near real-time with ZK proofsStatus: In development for Arbitrum One (subject to DAO vote) and dedicated blockchains
We are living in a fast-paced, internet native world and capital cannot afford to be idle or trapped by latency. For global markets to operate at the speed of software, the movement of assets between environments must be near-instant and cryptographically sound. Arbitrum is achieving this by developing Zero-Knowledge (ZK) proving on Succinct's SP1 to reduce settlement from a days-long process to minutes. By layering ZK proofs alongside Fraud Proofs and TEE attestations, businesses will be able to benefit from a multi-prover architecture that maximizes both security and capital velocity, offering:
Improved capital efficiency
Dedicated blockchains already provide settlement in minutes. ZK proofs extend that settlement to native withdrawals, giving Ethereum the cryptographic verification it needs to release assets in hours upon deployment, and minutes as proving matures, freeing capital while minimizing dependence on third-party bridge liquidity.Multi-prover assurance
Choose the proving setup that fits your risk, cost, and latency targets. ZK can operate alongside TEEs and fraud proofs, reducing reliance on any single mechanism and strengthening security for regulated flows.Privacy at the protocol-level
Privacy-preserving blockchain deployments where sensitive business data can remain confidential while correctness is still provable. This protects margins, enables you to grow with confidence, comply with privacy compliance rules, and protects users.New economic levers to scale your businessStatus: In development for Arbitrum One (subject to DAO vote) and dedicated blockchains
Modern markets demand infrastructure as flexible as the business models they power. Arbitrum is introducing a suite of economic levers businesses can adjust to meet their specific requirements. Aligning technical architecture with commercial reality is precisely what scales the programmable economy for everyday business.
Arbitrum Universal Intents
This standard is being developed to allow dedicated blockchains to securely facilitate transfers and swaps between networks including Ethereum, Layer 2s, Solana, Hyperledger, Canton, and more.Yield-Bearing Bridge
Dedicated blockchains will gain the capability to optimize idle bridge reserves, allowing ecosystems to route captured efficiencies toward liquidity incentives, fee subsidies, or protocol operations.Priority Gas Auctions (PGA)*
A new ordering policy to give high-frequency traders 125ms pre-confirmation cycles and more transparency. Importantly, the increase in gas auctions can capture additional revenue to Arbitrum One (subject to DAO approval) or related dedicated blockchains without introducing structural fee increases for everyday users.Real-Time Sequencer Feeds
A new sequencer enhancement will provide a ~125ms feed of transaction ordering data prior to block finalization. This allows for fast "soft-confirmations," significantly reducing latency for high-precision users. By offering real-time market visibility, we empower those requiring millisecond accuracy without compromising the low-cost, user-friendly environment the broader community expects.The next generation of finance will be programmableIn 2026, Arbitrum is focused on building the best tech to support category-defining products in this new world. Predictable unit economics. Control over execution. Fast settlement. All of it builds toward one outcome: a global, programmable economy.
If you're ready to build regulated finance or enterprise fintech on Ethereum, this is the year to engage. Start on Arbitrum One, grow into a dedicated blockchain when your requirements demand it, and scale alongside the platform.
Talk to our team
Explore the docs
*A DAO vote may be required for any feature that is contemplated to be enabled on Arbitrum One.
Disclaimer: This post contains forward-looking statements regarding future product capabilities, technical developments, and ecosystem milestones. These statements are based on current expectations and assumptions and are subject to risks, uncertainties, and changes in technology or regulation that may cause actual results or timelines to differ materially. Features marked as "in development" are not guaranteed to be deployed in the form described, or at all.
No Financial Advice: Nothing in this post constitutes financial, legal, investment, or tax advice, nor is it a solicitation or offer to buy or sell any digital assets, securities, or financial instruments. Readers should conduct their own due diligence before interacting with any protocols or networks mentioned herein.
Third-Party Mentions: Mentions of third-party protocols, software providers, or external blockchains (including but not limited to Solana, Hyperledger, Canton, and Succinct) are for informational purposes only and do not imply endorsement or guarantee of their security, performance, or regulatory status.
LG Electronics pilotuje na Arbitrum onchain reklamní síť s cílem transparentně a ověřitelně zaznamenávat výkon reklamy. ArbitrumDAO zároveň hlasoval pro omezení Arbitrum Nova do údržbového režimu.
What's Important This Week
🤖 LG Electronics is piloting an onchain advertising network on Arbitrum
💸 Meet the full sponsor lineup for Open House London
⚙️ Understand how the Arbitrum Nova transition will work
📣 Announcements Key updates from the Arbitrum ecosystem and Foundation.
LG Electronics Pilots Onchain Advertising Network on Arbitrum
LG Electronics is piloting an on-chain advertising network on Arbitrum. Developed by the company’s Blockchain Research Lab, the project explores whether advertising performance can be recorded in a transparent, verifiable format that all stakeholders can independently review.
➡️ Read more here
Meet the Sponsors of Open House London
Open House London is made possible by an incredible group of industry-leading teams committed to support the next generation of businesses launch in the programmable economy. Apply now
➡️ Check out the full lineup of sponsors
📚 Learn & Build New learning drops and hands-on resources from across the Arbitrum ecosystem.
The agent economy has a verification problem
When you call a model API, you trust the provider to run the model they promised, but there's no way to verify it.
This article from our DevRel @hummusonrails breaks down a paper from Offchain on verifiable AI inference, and how it could bring proof generation from minutes to milliseconds.
➡️ Read more here
X402 and Agentic Commerce with Arbitrum & AWS
Join @hummusonrails from Arbitrum Foundation & @maishsk from @awscloud for a live walkthrough and demo of x402 agentic payments built on AWS AgentCore and Arbitrum's settlement layer.
Perfect for devs building agentic applications for the upcoming Arbitrum London Founder House.
➡️ Sign up now
How Founder House Supports Early-Stage Teams Early stage teams need the right environment to scale their businesses in the programmable economy.
Arbitrum Founder House is coming to London on July 10-12, a 3-day program to help founders refine their product direction & GTM strategies with up to $300k in prizes and grants.
Watch this video to learn what Founder House London is all about 👇🏻
The programmable economy is creating entirely new businesses and founders are leading the way.
That's why we launched Founder House - help early-stage teams like @bondoncredit accelerate their product and go-to-market on the Arbitrum Platform.
Join us in London on July 10-12. pic.twitter.com/PTR6p11ns7
— Arbitrum (@arbitrum) June 9, 2026 🔦 Ecosystem Highlights Fresh launches and standout threads from around the Arbitrum ecosystem.
Arbitrum: The Architecture of the Programmable Economy
Global markets still rely on fragmented systems where payments pause at borders and innovation moves slowly. Arbitrum is now evolving from a scaling solution to the finance-native platform powering the programmable economy.
In this article, we explore the architecture being developed to support this future, from predictable costs and protocol-level compliance to configurable privacy and faster settlement.
➡️ Read more here
Mastercard Taps Arbitrum For Global Stablecoin Settlement
Mastercard has announced a major expansion of its global settlement capabilities, choosing Arbitrum as one of the networks to support its new onchain infrastructure.
As payment flows shift toward an internet-native paradigm, Mastercard is making 24/7 financial operations a reality by introducing intraday, weekend, and holiday settlement options.
➡️ Read more here
Arbitrum Ranked in Fortune Crypto 100
Arbitrum has been named to the inaugural @FortuneMagazine Crypto 100, a definitive ranking of the most influential companies in blockchain.
Together with our ecosystem, we're building the finance-native platform powering the programmable economy for builders, enterprises and institutions.
➡️ Read more here
🛠️ Dev Tooling & Infra Updates to SDKs, CLIs, and developer workflows across the stack.
PayAI - The largest x402 facilitator now supports Arbitrum
PayAI, the largest x402 facilitator on Solana and a top facilitator across the broader x402 ecosystem, expands its multichain support to Arbitrum One, allowing faster settlements, lower fees, & more reach.
Any agent, app, or API integrated with PayAI can now accept and pay for resources on Arbitrum using the same x402 flow.
➡️ Read more here
We recommend that all chains upgrade to Nitro v3.10+ and its WASM module root to Consensus v51+. These releases include the latest hardening, improvements, and maintains backward compatibility with previous ArbOS releases.
➡️ Read about the upgrade here
Enable Gasless Payments and Wallets for AI Agents with Q402
Q402 is now live on Arbitrum.
Through a single MCP integration, developers can plug it into Claude, Cursor, Cline, Codex, or any MCP client, and the agent gets equipped with gasless payments, recurring payments, & Agentic Wallets out of the box.
➡️ Try it here
🗓️ Events Workshops, hackathons, and ecosystem meetups to watch.
Founder House London is bringing early-stage teams together with a $300K prize pool
Starting July 10th, teams will join a 3-day, in-person founder program to receive technical, product, and GTM guidance through workshops, showcase their products during demo sessions + compete for prizes, and bring businesses onchain to Arbitrum and the RobinhoodApp Chain.
➡️ Apply here
What builders are debating and proposing this week.
Minimizing Arbitrum Nova As per a recent proposal, the ArbitrumDAO has voted to minimize Arbitrum Nova by transitioning it into a maintenance-oriented state with reduced capacity and deprioritized support.
➡️ Read the full details
Arbitrum Audit Program: Transparency Report #3 The DAO-approved Arbitrum Audit Program (AAP) completed its third operational quarter during the period from February 01, 2026, to April 30, 2026 (“Q3”). 108 applications received during Q3, with DeFi remaining the most prominent category.
Across 14 completed audits, 297 vulnerabilities were identified (including 8 classified as critical and 31 as high), and 21,882 lines of code were reviewed.
➡️ Read the full details
[Constitutional] AIP: Transition Arbitrum One ordering policy to Priority Gas Auctions (PGA) This Constitutional AIP proposes to disable Timeboost on Arbitrum One and replace it with a Priority Gas Auction (PGA) mechanism, an ordering policy that’s more familiar for actors who are willing to pay for transaction priority, allowing more market participants to be a part of Arbitrum’s next phase of growth. In addition, it would sunset Timeboost on Arbitrum Nova.
➡️ Read the full details
That’s all from Builder’s Block #019. Thank you for reading, and keep building. Arbitrum Everywhere.
Uniswap drží 67,3 % objemu DEX na Ethereu a dominuje i na Arbitru s 84,6 % a na Base s 46,6 %. Po aktivaci fee switchu se na UNI poprvé dívá i jako na token s cash flow.
Uniswap Tightens Its Grip on Ethereum and Layer 2@Uniswap remains the dominant liquidity venue in decentralized finance, capturing 67.3% of total DEX volume on Ethereum this week. That concentration is not new, but it is deepening. Data from KuCoin's Ethereum Q1 2026 review shows Uniswap accounted for approximately $85.5 billion in Q1 volume, representing roughly two-thirds of the entire Ethereum DEX ecosystem.
The protocol's reach extends well beyond mainnet. @Uniswap controls 84.6% of DEX market share on Arbitrum and 46.6% on Base, cementing its position across the two most active Layer 2 networks. Uniswap remains the largest spot DEX by every meaningful measure, clearing roughly $73 billion in 30-day volume across Ethereum mainnet and 39 other chains.
Uniswap V4 went live in early 2026, introducing a hooks system that attaches custom logic to pools at swap, deposit, or withdrawal time, enabling features such as on-chain limit orders, dynamic volatility-responsive fees, and gated pools for institutional flows.
$UNI Earns a New Look From Institutional AnalystsThe volume story is only part of what is drawing attention to $UNI in 2026. A structural shift in the token's economics has changed how analysts frame it. With the fee switch now active, UNI can be viewed through a cash-flow lens rather than only as a governance token. The UNIfication proposal passed in late December 2025 fundamentally changed Uniswap's economics: for the first time, protocol revenue is directly captured by the system and used to buy and burn $UNI, aligning token value with actual network usage.
That shift has caught the attention of major financial institutions. Standard Chartered's digital asset research head, Geoff Kendrick, initiated coverage on Uniswap with a long-term price target of $100 for $UNI by 2030, with the bank's thesis centered on the exponential growth of tokenized real-world assets, projected to surge from roughly $340 billion to $4 trillion by 2028. Standard Chartered projects a $UNI price target of $6.50 in 2026, citing Uniswap's position as a dominant DEX to capture fees from tokenized real-world assets.
Institutional involvement is moving beyond price targets. In February 2026, BlackRock made shares of its tokenized US Treasury fund, BUIDL, tradable through UniswapX with Securitize, marking the world's largest asset manager's first step into DeFi. More recently, Fidelity deployed liquidity for its stablecoin, FIDD, on Uniswap. Separately, Bitwise Asset Management filed an S-1 registration statement with the SEC for a spot Uniswap ETF in February 2026, following the earlier creation of a Delaware statutory trust named the Bitwise Uniswap ETF.
Whether that institutional momentum translates into sustained price performance remains an open question. Competition from Solana-based DEXs and other venues is real, and analysts are increasingly evaluating $UNI through the lens of fee capture potential, protocol governance value, and network effects within liquidity provisioning ecosystems, rather than speculative narrative alone.
Sources
KuCoin: Ethereum Q1 2026 Review
Datawallet: What is Uniswap? Features, Fees and More
Talos: State of the Network, Uniswap Fee Switch Analysis
Open Campus, a community-led education protocol, has launched the EDU bridge to Arbitrum. It is available for users starting today, July 24th. This is the third bridging partnership. Before this one, Open Campus had already announced the options to bridge across BNB and ETH.
$EDU is now bridged to @arbitrum!
This simplifies bridging from Arbitrum to EDU Chain mainnet, amplifying our reach and potential holders.
We're live and making moves across BNB, ETH, and now ARB.
Nothing but 💙 pic.twitter.com/vPf78Bx7u1
— Open Campus (@opencampus_xyz) July 24, 2024 Impact of Bridging Open Campus (EDU) is a decentralized educational platform. It aims to tackle the key challenges in education today. It connects learners, educators, content creators, and educational institutions. It enables new ways of collaboration and value creation with blockchain technology.
Beyond its role as a platform, it is a community. It helps with meaningful interactions and exchanges. The EDU token is the governance token for the Open Campus DAO. It is also the native gas token of the EDU Chain.
Users can now move their assets between the mainnet of EDU Chain and Arbitrum. This expands the network’s scope and the number of potential holders. Transferring tokens lets users access a pool on the Arbitrum network. This can allow them to have liquidity which reduces price volatility.
The Open Campus is limited in terms of services. However, Ethereum, BNB, and Arbitrum have far better access to DeFi apps and services. These include lending, staking, and trading protocols. That’s why bridging is beneficial.
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Open Campus spustil EDU Chain na Arbitrum Orbit jako EVM kompatibilní L3 pro vzdělávací aplikace. Síť už má přes 100 dApps ve vývoji a TVL 162 milionů USD.
Open Campus, a decentralized education initiative backed by Animoca Brands and Binance Labs, has launched EDU Chain, a layer 3 blockchain on Arbitrum Orbit, designed to power educational applications and cultivate a thriving dApp ecosystem, the team shared on Friday.
Introducing @educhain_xyz — the L3 for education.
Bringing the $5 trillion education industry and 1.4 billion students and educators worldwide onchain.
Our mainnet is now live❕
Learn how you can join the EDU Chain movement 👇 pic.twitter.com/U3Pl67TZU9
— Open Campus (@opencampus_xyz) January 17, 2025
As an EVM-compatible chain built on Orbit, the platform inherits Arbitrum One’s security and infrastructure, while also drawing on Ethereum’s security and liquidity, and operating as an independent network.
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EDU Chain features the Open Campus (OC) Achievement system (formerly Verifiable Credentials), enabling educational institutions and training centers to issue decentralized and tamper-proof academic records.
With OC Achievements, each learner has complete ownership and control over their own learning data, Yat Siu, co-founder and executive chairman of Animoca Brands, also a board member of the EDU Foundation, said in a statement to Cointelegraph.
More than 100 decentralized applications are currently being developed on EDU Chain, spanning trading, learning, gaming, and earning categories, the project stated.
The $EDU token serves as the utility token in the EDU Chain ecosystem. $EDU holders can bridge and stake their tokens on the mainnet to earn rewards, according to Open Campus. EDU Chain has allocated 150 million $EDU tokens, representing 15% of the total supply, for mainnet rewards distributed through EDULand NFTs over three years.
The debut follows a testnet campaign that saw impressive activity, with 86.2 million transactions and 358,684 active wallets. EDU Chain has achieved a total value locked (TVL) of $162 million, according to L2Beat.
To further expand its ecosystem, Open Campus is hosting a hackathon series with a $1 million prize pool and a 12-week OC Incubator program, offering mentorship, funding, and support to winning projects.
The platform also kicked off the “Yuzu: First Harvest” campaign, which enables mainnet users to earn rewards by interacting with EDU Chain dApps during the first season.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Re.al spustil mainnet blockchainu pro RWA na Arbitrum Orbit a už hlásí 40 milionů USD uzamčených v síti. Platforma má připravených 190 nemovitostí k tokenizaci.
Re.al has officially rolled out its mainnet, launching a new blockchain platform aimed at managing real-world assets such as properties and commodities and promises to return all profits to the users.
Running on Arbitrum (ARB) Orbit and powered by Gelato’s Rollup-as-a-Service, re.al has made a strong start with $40 million already locked in and 190 properties ready for tokenization.
The platform aims to address persistent issues in decentralized finance (defi) by making assets more accessible for trading, improving interoperability, and ensuring fluidity.
“Its speed, flexibility, and security are exactly what we need to nurture an ecosystem centered around tokenizing real-world assets,” said Jag Singh, re.al’s CEO, explaining why they chose Arbitrum Orbit.
From the start, re.al offers users a range of tokenized assets including real estate and Treasury Bills. Singh has introduced an innovative solution called Basket tokens, which bundle individual properties into a single, more liquid ERC-20 token. The clever approach tackles common liquidity problems and simplifies the management and integration of these assets into other financial systems.
Initial offerings and innovations “Decentralized finance aims to democratize financial services, eliminating the need for traditional intermediaries. By weaving real-world assets into the Arbitrum ecosystem, re.al is making this vision a reality,” Peter Haymond from Offchain Labs pointed out, emphasizing the broader vision.
“Re.al is merging sophisticated blockchain technology with practical web services. This fusion is poised to accelerate the adoption of real-world asset apps and could significantly transform the blockchain landscape,” Hilmar Orth, founder of Gelato, expressed his enthusiasm about the platform’s potential.
Re.al is collaborating with Gelato RaaS and other partners, such as LayerZero and RedStone Oracles, to enhance the capabilities and reach of its app ecosystem. The partnership boosts the platform’s functionality and secures a broader impact within the blockchain community.
GMX a Gains Network předložily návrhy na integraci do připravovaného perpetuals marketplace Kwenta. Cílem je rozšířit likviditu a nabídnout uživatelům více trhů na Arbitrum.
Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire
In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta’s initial expansion to the Arbitrum network.
Product Offerings from GMX and Gains Network Table of Contents
Product Offerings from GMX and Gains NetworkStrengthening the Arbitrum EcosystemLooking AheadAbout KwentaContact GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta’s platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions.
GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders.
Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets.
Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts.
This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application.
Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum.
About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.
For more details, users can follow Kwenta’s governance discussion channels on Discord.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
LayerZero bridge pro rsETH byl napaden a rsETH na Ethereum mainnetu je plně kolateralizované; na Aave V3 i V4 zůstává zmrazené a rezervy WETH jsou zablokované v několika trzích včetně Ethereum, Arbitrum, Base, Mantle a Linea. Několik DeFi protokolů kvůli incidentu dočasně pozastavilo bridge nebo minting.
Saturday, April 20 — The LayerZero cross-chain bridge for rsETH (a liquidity re-staking token from Kelp DAO) was hacked, marking the largest DeFi hack of 2026 to date. The attacker forged LayerZero cross-chain messages to withdraw 116,500 rsETH directly from the bridge contract, then deposited the tokens into Aave and other lending platforms to borrow WETH—creating significant uncollateralized bad debt risk. Below is a roundup of responses from major DeFi protocols to the rsETH hack: Aave has shared an update on the rsETH incident: rsETH on the Ethereum mainnet is fully collateralized. The token remains frozen on Aave V3 and V4, while WETH reserves are frozen in affected markets including Ethereum, Arbitrum, Base, Mantle, and Linea. Aave is actively verifying details and evaluating potential resolutions. Ethena has officially extended the suspension period for its LayerZero OFT cross-chain bridge. Additionally, the protocol released updated reserve proofs confirming its USDe stablecoin maintains a collateralization ratio above 100%. LayerZero stated it has fully grasped the rsETH vulnerability and has been collaborating with the Kelp DAO team on fixes since the hack occurred, while continuously monitoring the situation. All other applications remain secure, and the protocol will publish a comprehensive post-incident analysis report alongside Kelp DAO once all relevant information is compiled. Fluid announced the launch of its aWETH redemption protocol, which enables ETH borrowers to: redeem for wstETH or weETH (restoring liquidity immediately and reducing liquidation risk); redeem in full if they only borrowed ETH; or seamlessly convert ETH collateral to wstETH/weETH while keeping other debts intact. The protocol’s initial capacity is capped at $1 billion worth of ETH. Morpho has temporarily suspended its MORPHO LayerZero OFT cross-chain bridge on Arbitrum until the root cause of the rsETH incident is identified. The protocol noted its smart contracts are secure and operating normally; risk exposure is limited (only ~$1 million worth of ETH was borrowed using rsETH as collateral, spread across two isolated markets out of thousands total). Thanks to Morpho’s fully isolated market design, all other vaults remain unaffected. Curve Finance announced it has suspended its LayerZero infrastructure, impacting: CRV bridging from BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava (bridging from other chains still uses native bridges); and crvUSD quick bridging (L2 slow bridging remains operational). Reserve issued an official update: Its DTF holders are unlikely to be affected. RSR stakers in the Reserve Protocol’s USD3 and eUSD may qualify for "first-loss capital" protection, though the impact is minimal and RSR’s overcollateralization is sufficient to cover any potential losses. ETH+ and bsdETH contain no rsETH collateral, making them zero-risk. As a precaution, Reserve has temporarily paused minting, rebalancing, and RSR unstaking for eUSD and USD3—redemption functionality remains operational. Maple Finance stated all USDT provided on Aave Mantle using syrupUSDT has been withdrawn. Its syrupUSDC and syrupUSDT products are not impacted by the rsETH exploit. Polygon has been actively monitoring the rsETH exploit. The Polygon chain, Agglayer, and entire ecosystem (including Katana and Vaultbridge) have not been impacted by the incident. EtherFi announced its protocol’s liquidity pool remains unaffected by the Kelp rsETH exploit, and pool users will not suffer any fund losses. Hyperliquid’s DeFi project Hyperwave announced it has temporarily suspended all LayerZero bridging of Hyperwave assets as a precautionary measure.
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Umami DAO se přejmenovala na Bonsai DAO a chystá strukturu subDAO, která má podpořit adopci nového governance tokenu BONSAI. Držitelé UMAMI ho mohou převést v poměru 1:10.
Umami DAO has rebranded as Bonsai DAO.The rebrand is part of a larger transformation that includes the eventual launch of "subDAOs."Bonsai is trying to repair its reputation, which took a hit in February 2023.An Arbitrum-based protocol is embarking on a MakerDAO-style transformation more than a year after it weathered a crisis from which it never fully recovered.
The digital cooperative formerly known as Umami DAO has rebranded as Bonsai, a “meta DAO” that will house several, smaller cooperatives, or “subDAOs,” each of which will manage a separate blockchain-based financial product.
The move echoes a recent push from MakerDAO, whose own yearlong transformation, known as “Endgame”, includes the creation of subDAOs.
Each subDAO will eventually launch its own token, according to Bonsai.
Among other things, the strategy will test whether the promise of successive airdrops can boost a long-running protocol long after a flurry of negative headlines.
Umami’s governance token has jumped 11% since the April 24 rebrand.
“It hasn’t exactly been smooth sailing for Umami,” developers behind the project said in an April 2 blog post announcing the changes.
“It is our firm belief that Umami’s token is severely undervalued, and that significant change is required to shift the narrative and regrow the passion and excitement around our amazing community.”
Near collapseIn February 2023, Umami, a protocol-and-LLC combo attempting to link institutional investors and the world of decentralised finance, almost came apart.
The company, Umami Labs, paused the protocol’s staking rewards, angering users. Employees resigned en masse, pledging to continue contributing to the project as Umami DAO contractors.
The UMAMI token crashed: At the end of January 2023, it was trading above $35, but by mid-February, it was worth less than $10.
The DAO, run by people who held the UMAMI token, voted to hire Umami Labs’ former employees as contractors who answer to the DAO. They included all former employees except for the Umami Labs CEO, former Reuters journalist Alex O’Donnell.
In a statement after the vote, Umami Labs’ former employees said O’Donnell “was moving the company in a direction that the entire team unanimously agreed was not in keeping with the expectations or best interests of the UMAMI token holder community.”
Umami Labs took “legal action” against “several of these individuals” for defamation and civil conspiracy, O’Donnell told DL News, adding that he was not speaking on behalf of Umami Labs, but in his personal capacity.
“These claims and other similar ones from this group of individuals are dishonest and directly contrary to the facts,” O’Donnell said.
Pausing staking rewards last year was a “compliance-minded” decision that would “serve the long term interests of the protocol,” according to O’Donnell. Additionally, the former Umami Labs employees were among those who held UMAMI tokens, and they “essentially voted to hire themselves,” he said.
Separately, the former CEO said personally sued two of his former colleagues and “prevailed on a primary matter in a November court ruling.” He expects a final ruling next week.
“With respect to ‘Bonsai DAO’, I find it curious and concerning that this group of individuals is evidently seeking to further obfuscate Umami’s legal-entity structure with a highly-relevant court ruling only a week away,” he said.
Bonsai DAO contributors did not immediately return DL News’ request for comment.
The Umami DAO has soldered along since, restarting staking rewards and releasing new “set-and-forget” vaults that have generated some of the best returns on Ether this calendar year.
But the UMAMI token has steadily fallen since July, and was trading at $3.70 before the announcement of the rebrand. While growing in dollar terms because of the appreciation of Ether, deposits in the protocol have been flat since March 2023, according to data from DefiLlama.
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Since March 2023, deposits in Umami have grown due to Ether appreciation, frustrating its developers. Trying to boost adoptionOn Discord, Umami developers say they have taken some cues from other protocols that feature subDAOs, including Maker, Aladdin, and Magpie.
The rebrand was prompted by frustration that a product generating a relatively high yield for users hadn’t attracted more deposits.
“We launched a great vault product, it has hit $10m TVL and still the token hasn’t moved from $4,” the project’s pseudonymous head of community management said on Discord, using the acronym for total value locked.
“So we might as well try something new, the 10% APR a year at this price should be nothing in comparison to like 3-4 or more airdrops of new products on new chains.”
In a bid to boost adoption of its new governance token, BONSAI, the DAO is letting users convert their UMAMI tokens to BONSAI at a 1:10 ratio.
Under its new structure, so-called “leaves” are DeFi applications that will eventually be run by their own subDAOs.
“Once independent, they have a [token generation event] and reward $Bonsai holders and initial users by airdropping a significant portion of their tokens,” Bonsai said on X.
Umami will be an exception, and is not expected to evolve into a subDAO, developers said.
Update, May 1: This story was updated to include comments from Alex O’Donnell and DL News’ attempt to contact Bonsai DAO contributors.
Aleks Gilbert is a DeFi correspondent based in New York. Have a tip? You can reach him at [email protected].
Xai po spuštění XAI tokenu získává první skutečné hry: Laguna Games přesouvá Crypto Unicorns z Polygonu na Xai. Ex Populus zároveň chystá Final Form a LAMOverse.
Xai, the layer-3 gaming network built on Ethereum scaler Arbitrum, kicked off 2024 with a bang, launching its XAI token to early supporters and then announcing that noted NFT game studio Laguna Games will bring Crypto Unicorns and related titles to the network.
So what’s next? More games, of course.
Ex Populus, which co-founder and CEO Tobias Batton described to Decrypt’s GG as the “labs company that serves the Xai Foundation,” is a game studio—and its games are set to be the first out the gate in the coming months as the Xai ecosystem takes shape.
The first, called Final Form, is a card-battler game with NFTs. According to its official website, the game will support NFT cards previously released on Solana via a bridge to Arbitrum. Batton said that the game is “penciled in for April,” but that the ETA could change. He said the game is playable and “moving into a polish phase,” so it can’t be far off.
LAMOverse is the other game from Ex Populus, and it’s a long-in-development online action game with colorful, cartoonish environments. Tied into physical LAMO toys based on gaming influencers like Ninja and Dr. Disrespect, LAMOverse is set to debut sometime after Final Form, and the game studio says it’s likewise playable and nearing a proper launch on Xai.
Batton recounted that Ex Populus spent substantial time seeking an ideal gaming chain for its projects and said that it explored building on other Ethereum scaling networks like Polygon or Immutable X. But, he said, each chain the studio tried had trade-offs that made the team “not enthusiastic” about committing to those ecosystems.
Ultimately, Arbitrum creator Offchain Labs proposed building a custom gaming chain that would suit the needs of Ex Populus while also providing a home for other studios in the future. Thus Xai was born.
In this team-up, Batton said, Ex Populus built the software that powers the Sentry Nodes that early users have purchased to support the Xai network. It also makes games and works in a publisher-like role to help other studios onboard to Xai and get their games in front of players.
That’s the kind of role that Ex Populus will serve for Laguna Games as it migrates its Crypto Unicorns games and associated NFTs from Polygon to Xai this year. And Batton said that he’s seen a “massive influx” of other studios reaching out since the airdrop to get involved with Xai, whether they’re building new games or migrating from existing chains.
In this dual role of game developer and distribution partner, Batton said that Ex Populus is attempting to be the Web3 version of Valve. That gaming powerhouse is known not only for operating the popular Steam PC gaming store, but also developing iconic games like Half-Life, Portal, and Counter-Strike. Fortnite maker Epic Games has charted a similar path.
Ex Populus doesn’t yet have the storied gaming legacy of those long-running giants, of course, but it also faces the immense challenge of trying to convince traditional gamers that user-owned NFT assets and crypto-driven economies are beneficial. And gamers have broadly not been too receptive to such overtures in the past.
What could make that easier is the way that the Xai network abstracts away the complexities of wallet use and asset handling for users who don’t want to get deep into the “crypto” of it all. Your average player doesn’t have to worry about self-custody of NFTs or tokens, plus Xai provides a gas-free experience for players.
“We had this crazy idea that if you remove wallets and remove gas from everything, that you can experience large growth,” Batton explained. “Really, the benefits of blockchain are the ability to trade items and own items—all the stuff we always hear about—but there's a tremendous amount of friction that stands in the way of that.”
There still are wallets, but for traditional gamers, they’re managed in the back end by the Xai team. And if you’d rather bring in your own wallet and self-custody your assets, that option is certainly available for veteran crypto users.
“As a traditional gamer who maybe isn't familiar with crypto or is a little averse to it, these games just seem like a normal game,” said Batton, who added that there would be wallet management features in the settings. “And then you're like, ‘Oh, I have a wallet. I didn't even know it.’ So it sort of breadcrumbs people into this experience in a way that doesn't seem so obtuse.”
our competitors aren't treasure, imx, ronin, or beam.
our competition is nintendo and valve.
decentralized gaming is inevitable.
— XAI (@XAI_GAMES) January 29, 2024
It’s been a busy couple of months for Xai. The Sentry Node sale, which let users invest in supporting the network and receive an allocation of XAI tokens, was a sizable success with about $30 million in sales. And the XAI airdrop that followed certainly made waves, putting over $150 million worth of tokens (at peak value) into users’ wallets.
But as Batton described, the journey dates back to 2022. It’s been a steady rise in prominence and buzz, in his view—and the biggest moves are still yet to come as games start going live on the network.
“It’s a grassroots approach—it didn't happen overnight,” he affirmed. “It took months and months and months of building this hype and this community and excitement.”
“Having Laguna agree to deploy their games is a big deal, because before this news, it was just hype. It's just an empty chain,” Batton added. “But now it's not an empty chain. It's got real games coming.”
Edited by Ryan Ozawa.
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