Top US crypto exchange Coinbase has added Arbitrum’s upcoming crypto asset, ARB, to its listing roadmap, in anticipation of the token’s airdrop later this week.
With Arbitrum, an Ethereum (ETH) scaling solution, planning to airdrop 12.75% of the ARB token’s supply on Thursday, March 23rd, Coinbase is adding the layer-2 altcoin to its roadmap.
“Asset added to the roadmap today: Arbitrum (ARB).”
The project’s developers announced the airdrop last week, outlining the protocol’s upcoming plans to switch to being governed by a self-executing decentralized autonomous organization (DAO). The Arbitrum officials say they created a special points system that takes into account a variety of metrics to determine which users will receive the crypto assets.
Coinbase created the listing roadmap last year to increase transparency and reduce the possibility of front-running their listing announcements.
It’s not the only major exchange to roll out support for ARB. Binance also said on Monday that it planned to list the token on Thursday.
Arbitrum currently ranks fourth among all chains in terms of total value locked (TVL) with $1.98 billion, behind Ethereum, Tron (TRX) and BNB Smart Chain, according to the decentralized finance tracker DeFi Llama Polygon (MATIC) is fifth, with $1.08 billion in TVL.
The TVL of a blockchain represents the total capital held within its smart contracts.
TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney