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New milestone for the Gaming Catalyst Program (GCP): This morning, the Arbitrum Foundation announced that the 30th game in the grant program has officially gone live on a separate Orbit chain. This has driven a 12% increase in micro-transactions on the network this morning.
The Arbitrum Council has just released the final draft regarding user compensation after the incident earlier this year. The voting is leaning towards using 5 million ARB from the treasury to restore liquidity.
A new decentralized social media app running on Arbitrum Stylus has just reached 50,000 daily active users (DAU), indicating that the consumer app sector is gradually regaining momentum.
Gas Fees:
Remain extremely low ($0.0005 for a standard swap transaction). The efficiency from yesterday’s update is helping Arbitrum maintain its cost advantage over competing Layer-2 solutions.
A small amount of ARB (about $2 million) has just been withdrawn from exchanges to personal wallets, indicating that the temporary selling pressure has eased.
#GateSquareMayTradingShare