Dive deeper into why Arbitrum is dominating the Ethereum Layer 2 space.

WIP will launch a memecoin fund independent of the Arbitrum DAO, which will be responsible for selecting, participating in, helping memecoin projects grow, and cultivating a memecoin-friendly culture in Arbitrum.

An Arbitrum spokesperson confirmed that the proposal to fund the legal defense of Tornado Cash developers was removed at the request of the author.

Arbitrum BOLD, now live on a public testnet, introduces significant security enhancements through interactive fraud proofs while also fostering permissionless validation.

This means that after the Cancun upgrade, the gas fees of Layer 2 networks such as Optimism and Arbitrum will drop significantly. Some developers estimate that the fees can drop by 75%.

Arbitrum, Optimistic and Starknet stated that they will implement EIP4844 adaptation after the Cancun upgrade. Morph took the lead in releasing the innovative zkSNARK zkEVM adaptation solution, which will be the first zkSNARK zkEVM to adapt to EIP4844.

WOOFi on the Arbitrum chain suffered an attack and lost approximately US$9 million. The attack exploited contract vulnerabilities to raise the price of WOO and then redeemed a large amount of WOO at a low price, ultimately resulting in heavy losses. Officials communicated with the attackers and proposed white hats.

After the Ethereum Dencun upgrade was successfully completed on March 13, L2s such as Starknet, Optimism, and Arbitrum have also been integrated in the past two days. The sharp reduction in handling fees once again makes the Ethereum and L2 narrative look sexier.

Arbitrum faces a significant challenge with a potential $2 billion token sell-off as 1.11 billion ARB tokens unlock on March 16. This represents 87% of its circulating supply, impacting market dynamics. Trading at $1.89, ARB may test $1.0 psychological resistance amid unfolding developments.