DEFI MAGNETS
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Binance
  • Dogecoin
  • XRP
  • DeFi
  • Market
Saturday, September 23, 2023
No Result
View All Result
DEFI MAGNETS
No Result
View All Result
Home DeFi

Arbitrum Airdrop Shows Interest in DeFi, Researcher Says

Frank Miller by Frank Miller
April 3, 2023
in DeFi
0
Arbitrum Airdrop Shows Interest in DeFi, Researcher Says
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Banking jitters in traditional markets and the crackdown by regulators on centralized exchanges may be prompting users to turn to decentralized-finance apps, said Pedro Herrera, head of research at DappRadar, an online store for decentralized applications, or dapps.

“If you start to see how these use cases for DeFi start fitting and give you more autonomy to basically manage your own assets and investments, it’s the answer to why DeFi is [being] highly used,” Herrera told CoinDesk TV’s “First Mover” on Friday.

A new report by DappRadar found that the total value locked for DeFi during the first quarter rose by 37% to $83.3 billion from $60 billion in the fourth quarter of last year.

Part of the increase was due to layer 2 network Arbitrum‘s airdrop of its ARB token last month. The airdrop also marked Arbitrum’s shift to a decentralized autonomous organization structure that gives token holders more input in securing a network, something that’s becoming more popular in the wake of bank failures in the U.S. and regulatory actions against centralized crypto exchanges like Coinbase and Binance.

Projects like Arbitrum “are creating a sense of loyalty and engagement within their community,” Herrera said, which can then in turn “engage developers to build better products,” and ultimately, draw more users into the project.



Source link

Tags: AirdropArbitrumDeFiInterestResearchershows
Previous Post

Why Shiba Inu (SHIB) Is Popping Off

Next Post

Twitter’s new homepage logo is very doge-y

Next Post
Twitter’s new homepage logo is very doge-y

Twitter’s new homepage logo is very doge-y

Crypto Market Makers Shifts To Safe Strategy To Survive Turmoil

Crypto Market Makers Shifts To Safe Strategy To Survive Turmoil

September 5, 2023
Radiant Capital Shakes Up DeFi Pantheon on BNB Chain, Arbitrum

Radiant Capital Shakes Up DeFi Pantheon on BNB Chain, Arbitrum

April 15, 2023
Crypto Exchange Binance Says ‘Reevaluating’ Roles After Report of Layoffs

Crypto Exchange Binance Says ‘Reevaluating’ Roles After Report of Layoffs

May 31, 2023
MultiversX (EGLD) Falls 0.01%, Underperforms the Crypto Market Wednesday

MultiversX (EGLD) Falls 0.01%, Underperforms the Crypto Market Wednesday

September 6, 2023
Dogecoin rates in PKR and USD on March 15, 2023

Dogecoin rates in PKR and USD on March 15, 2023

March 15, 2023
XRP Price Analysis – 10 June 2023 | Market Insights

XRP Price Analysis – 10 June 2023 | Market Insights

June 10, 2023
ICOBID (ICOB) Rises 0.01%, Underperforms the Crypto Market Saturday

ICOBID (ICOB) Rises 0.01%, Underperforms the Crypto Market Saturday

May 28, 2023

Is DeFi Land (DFL) Worth the Risk Monday?

September 19, 2023

Binance and CEO Changpeng Zhao sued by CFTC over trading and derivative violations

March 28, 2023

Ethereum (ETH) Price Prediction 2023, Experts believe this rival DeFi token will give 10x better returns

May 9, 2023

Ethereum (ETH) Reclaims $2K Following SEC vs Ripple Ruling

July 16, 2023

Bitcoin Stamps Are Attracting Collectors And Creators With Blockchain Permanence

April 19, 2023

Gary Vaynerchuk: NFTs will go beyond being just collectibles

June 4, 2023

Latam crypto holders flock to Bitget following Binance, Coinbase suits

June 11, 2023

Bybit Pulls Out of Canada Amid New Crypto Regulations 

May 31, 2023

As Dogecoin and Shiba Inu Flutter, DigiToads Shows Unstoppable Signs Of Being A 100x Meme Coin

July 29, 2023
Crypto markets by TradingView

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Binance
  • Bitcoin
  • Blockchain
  • Blockchain Games
  • Business
  • Crypto
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • DeFi
  • Dogecoin
  • Economy
  • Education
  • Entertainment
  • Featured
  • Gambling
  • Governance
  • Health
  • Lifestyle
  • Market
  • News
  • Uncategorized
  • Web 3.0
  • World
  • XRP

Recommended

  • ¿DeFi con Bitcoin como colateral?
  • Borroe.Finance and Dogecoin on the rise in Q4 2023
  • 1irstcoin (FST) Falls 0.06%, Underperforms the Crypto Market Saturday

© 2023 Defi Magnets | All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Binance
  • Dogecoin
  • XRP
  • DeFi
  • Market

© 2023 Defi Magnets | All Rights Reserved