Four Major Crypto Exchanges Announce Arbitrum (ARB) Support Ahead of Mass Airdrop

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At least four major crypto exchanges have now announced plans to list Arbitrum’s next crypto asset, ARB.

MEXC, Huobi, and Bybit all say they will list ARB next Thursday, March 23, the date of the token airdrop.

Bitrue also plans to list ARB, noting in a Twitter post that the opening time for deposits and exchanges will be updated.

In a blog post this week, the developers of Arbitrum announced the airdrop and outlined the protocols’ upcoming plans to transition to a self-executing Decentralized Autonomous Organization (DAO).

The Ethereum (ETH) scaling solution plans to release 12.75% of the ecosystems token supply to users next Thursday.

The developers say they have created a special points system that takes into account a variety of metrics to determine which users will receive the crypto assets.

Arbitrum currently ranks fourth among all chains in total value locked (TVL) with $1.77 billion, behind Ethereum, Tron (TRX) and BNB Smart Chain, according to decentralized finance tracker DeFi Llama. Polygon (MATIC) is fifth, with $1.06 billion in TVL.

The TVL of a blockchain represents the total capital held in its smart contracts.

TVL is calculated by multiplying the amount of collateral locked in the network by the current value of the assets.

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