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This morning, an important news has just appeared on the Arbitrum governance forum:
The Arbitrum Foundation has just revealed a plan to allocate an additional 50 million ARB to stimulate liquidity for next-generation DeFi protocols on the chain. This time, the focus is not purely on "farming" but on supporting AI-driven DeFi projects (DeFi operated by artificial intelligence).
A major bank in Europe has just launched the first Layer-3 Orbit chain dedicated to trading the digital Euro (Euro-backed stablecoin). This expands Arbitrum's scope from the USD market to the European market in a significant way.
In the past 12 hours, approximately $12 million worth of assets have been added to the Arbitrum network, indicating that users are shifting assets from other Layer-1s to catch the upcoming DeFi wave.
The amount of ARB locked in governance protocols has increased by 2.5%, showing that selling pressure in circulation is gradually decreasing as investors choose to "hold" to earn rewards from the DAO's new programs.
If #ARB closes the daily candle above $0.142, the next target will be the $0.155 - $0.16 zone. This is a "liquidity gap" zone, and the price could rise very quickly if it breaks through.
If it fails to break $0.142, the price may retest the support zone at $0.132.
#GateSquareMayTradingShare