Coinbase, Arbitrum has added the upcoming crypto asset ARB token to its listing roadmap with anticipation of launch this week. announced.
One Ethereum Coinbase is adding a tier-2 altcoin to its roadmap, with (ETH) scaling solution Arbitrum planning to release 12.75% of its ARB token supply on Thursday, March 23.
The asset was added to the roadmap today.
The developers of the project announced the airdrop last week outlining their plans for the protocol to be managed by a self-executing decentralized autonomous organization (DAO). Arbitrum officials say they have created a special points system that takes into account various metrics to determine which users will buy their crypto assets.
coinbasecreated its listing roadmap last year to increase transparency and reduce the likelihood of making listing announcements up front.
This isn’t the only major exchange offering support for ARB. Binance also said on Monday that it plans to list the token on Thursday.
Last week, at least four major crypto exchanges including MEXC, Huobi, Bybit and Bitrue also announced their intention to list the highly anticipated new crypto asset.
According to decentralized finance tracker DeFi Llama Polygon (MATIC), Arbitrum currently ranks fourth among all chains in terms of total value locked (TVL), behind Ethereum, Tron (TRX), and BNB Smart Chain at $1.98 billion. It ranks fifth with a TVL of $0.08 billion.
As we report as Koinfinans.com, a blockchain’s TVL represents the total capital held in its smart contracts.
TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.