Coinbase Adds Highly Anticipated Ethereum (ETH) Scaling Solution Token to Listing Roadmap
Top US crypto exchange Coinbase has added Arbitrum’s upcoming crypto asset, ARB, to its listing roadmap, pending the token’s airdrop later this week.
With Arbitrum, an Ethereum (ETH) scaling solution, planning to drop 12.75% of the ARB token’s supply on Thursday, March 23, Coinbase is add layer-2 altcoin to the roadmap.
“Property 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). Arbitrum officials say they created a special scoring system that takes into account a number of metrics to determine which users will receive crypto assets.
Coinbase created the listing roadmap last year to increase transparency and reduce the ability to pre-empt their announcements.
It is 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.
Last week, at least four other major crypto exchanges also announced their intention to list the long-awaited new crypto asset, including MEX, Huobi, City bitand Bit threat.
Arbitrum currently ranks fourth among all chains in terms of total value locked (TVL) at $1.98 billion, behind Ethereum, Tron (TRX) and BNB Smart Chain, according to 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.
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