Binance Futures Introduces Up to 75% Leverage Perpetual Contracts on Arbitrum, Neo, Filecoin
To further enhance trading flexibility, Binance has also incorporated the Multi-Assets Mode for these new additions.
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Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.
Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure – the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council.
Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.
On March 16, 2023, Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.
To further enhance trading flexibility, Binance has also incorporated the Multi-Assets Mode for these new additions.
In addition to Arbitrum, a number of other projects are gearing up to unlock tokens this week. Axie Infinity, for instance, is set to release around 10.87 million AXS tokens on April 16.
This solution will provide unprecedented flexibility, with expiration durations ranging from as short as one hour to as long as 24 hours.
Over the past 30 days, Base has processed a total of 50.34 million transactions, surpassing both Arbitrum, with 40.1 million transactions, and Ethereum, with 37.9 million transactions.
Arbitrum is also scheduled to release another 92.65 million tokens on April 16, valued at approximately $155 million at the current market price.