In the world of cryptocurrency, a new trend is emerging where users are betting on Arbitrum and StarkWare as the next top chains to farm airdrops. This information was recently reported by Nansen, a blockchain data analytics firm.
According to the report, Arbitrum has seen massive inflows and the largest percentage of transaction sizes above $10,000. This indicates that the platform is being used by high-value investors who are betting big on its success. Meanwhile, StarkWare’s bridge transaction sizes group between $100 – $1,000, suggesting a broader range of users are participating in the platform.
For those interested in tracking the volume of bridge transactions on these platforms, Nansen has launched a Bridge Builder dashboard in beta mode. The dashboard lists the top bridges by 7-day volume, with Arbitrum’s L1 Custom Gateway leading the way with $93.4 million in volume. Polygon’s PoS ERC20 Bridge, Optimism’s Gateway, and Synapse’s ETH Bridge Proxy are also popular choices.
This news is not surprising given the current craze for DeFi and yield farming in the cryptocurrency world. Users are always looking for the next big thing that will offer high returns on their investment, and it seems like Arbitrum and StarkWare are the current darlings of the community. However, it’s important to note that the cryptocurrency market is notoriously volatile and subject to rapid changes, so investing in any platform always carries a certain degree of risk.
Overall, this news highlights the growing interest in decentralized finance and the potential for new platforms to disrupt the existing financial system. It will be interesting to see how Arbitrum and StarkWare develop over time and whether they will live up to the hype.
Read more:
- BUSD Outflows From Exchanges Plunge 98.6%, Stablecoin Redemptions Slow Down
- New York Regulators Crack Down On Crypto: Binance’s BUSD Token Creation Halted
- Massive Outflow Of $831 Million From Binance In 24 Hours Raises Investor Concerns: Largest Since FTX Bankruptcy And December 2022 FUD