BOn November 7th, decentralized derivative protocol GMX announced that the 12 million ARB short-term incentive plan allocated by Arbitrum will be launched soon, which will be distributed to liquidity and trading incentives within 12 weeks. Among them, up to 2 million ARB can be used as gift incentives for other developers and protocols, based on GMX V2, to promote the development of Arbitrum. Incentive measures will be distributed once a week, and users can receive ARB airdrop rewards after each cycle ends. Liquidity incentives include rewards for GM liquidity providers and incentives for migrating GLP liquidity to the GM fund pool; trading on GMX can also receive ARB transaction fee rebates. Gift incentives are divided into three categories: small gift budgets not exceeding 10,000 US dollars; public gift budgets can be as high as 100,000 US dollars.

On November 7th, Aethir, a decentralized GPU infrastructure, announced that it has launched its testnet. The Aethir testnet is based on the Arbitrum network, and through this testnet, game developers can immediately create cloud ports, and artificial intelligence companies can promote interaction between humans and artificial intelligence through localized computing capabilities.

Multi-chain lending protocol Radiant Capital announced on X platform that it will airdrop 2 million ARB tokens. Radiant's STIP incentive proposal has been approved by Arbitrum DAO and is now live. dLPs that meet the airdrop requirements must lock up on Arbitrum and BNB Chain for 6-12 months between the first snapshot (block 147753665) and the second snapshot (within the next 30-90 days) to be eligible to receive a share of the 2 million ARB tokens. The application period will end on January 31, 2024, and new dLPs such as Magpie and PlutusDAO will be allocated at their discretion.

Scopescan monitoring display, a whale address starting with 0x6950 withdrew 1.7 million ARB (approximately 1.89 million US dollars) from Binance. Currently, the address holds a total of 10.1 million ARB (approximately 11.21 million US dollars).

On November 6th, according to the Snapshot governance page, the Arbitrum community has passed the "Activate ARB Staking" proposal, with the result showing that the community supports funding the staking mechanism with 100 million ARB tokens (1% of the total ARB supply). This is aimed at providing incentives for long-term holders and further stimulating and consolidating the community's long-term development. In the next 12 months, this new mechanism will be monitored by the "Arbitrum Alliance" to collect data and assess its impact on the ecosystem.

According to Scopescan monitoring, an address starting with 0x6950 withdrew 1.7 million ARB (worth $1.89 million) from Binance an hour ago. Prior to this, 0x6950 used its ARB as collateral on Aave to borrow stablecoins and purchase more ARB. Currently, the address holds a total of 10.1 million ARB (approximately $11.21 million).

On November 4th, Dune data shows that the total number of transactions on the Arbitrum chain has exceeded 400 million, with over 11 million created accounts and approximately 3.75 million contracts on the chain. Previously, the total number of transactions on the Arbitrum chain exceeded 200 million in mid-April of this year, and has doubled in the past six months.

According to Lookonchain monitoring, the whale who previously lost 456 ETH ($1.3 million) on ARB, bought 2.51 million ARB 7 hours ago for 1.433 ETH ($2.62 million) at a price of $1.04.

According to Snapshot governance page on November 3, the Arbitrum community initiated a proposal to "activate ARB staking." The proposal suggests that since ARB has no native utility or earnings, it is recommended to approve the creation of the aforementioned staking contract and allocate 1.75%, 1.5%, 1.25%, or 1% of the total supply of ARB in the DAO treasury to the staking contract, and distribute it through the proposed locking mechanism during a 12-month experimental period.

Multi-chain lending protocol Radiant Capital has been launched on Ethereum with support from LayerZero Labs, Stargate, and Balancer. They will airdrop 500,000 ARB tokens to dLP lockers on the mainnet for 6-12 months.

According to an official announcement, Polyhedra Network is building zkBridge on Arbitrum to bring secure and efficient interoperability. zkBridge enables fast settlement of cross-chain transactions from Arbitrum One and Nova to other networks, supported by a decentralized auxiliary verification network. The integration of zkBridge and Arbitrum Stylus simplifies smart contract creation and improves efficiency. Arbitrum Stylus promotes user-friendly zk proof usage, enhances security with private contracts, and enhances zk oracle, thus changing the interaction of smart contracts.

According to Lookonchain monitoring, 11 hours ago, a whale spent 843 ETH ($1.5 million) at an average price of $0.95 to buy 1.61 million ARB. The whale has been providing liquidity on ARB since October 23 to earn transaction fees.

On October 30th, PlutusDAO began voting on the proposal to launch ARB token staking. The proposal from Arbitrum DAO, which offers 175 million ARB tokens, is currently leading with a 99.8% share.

Results of the second round of elections for the Arbitrum Security Council have been announced. Six council members were elected, including Patrick McCorry (from the Arbitrum Foundation), 0xhombre (PlutusDAO Technical Lead), John Morrow (Co-founder of Gauntlet), Omer (CEO of Chaos Labs), Harry Kalodner (Offchain Labs), and Matt Fiebach (Blockworks Research Analyst).

On October 27th, according to Scopescan monitoring, 7 hours ago, Wintermute transferred 1 million ARB tokens (worth 947,000 USD) to Binance. Wintermute has transferred a total of 7.75 million ARB tokens (worth 6.86 million USD) to Binance, and the price of ARB has risen by 20% in the past week.

On October 26th, Blockworks Research launched a community proposal on Arbitrum, planning to establish an Arbitrum Alliance led by Blockworks Research, Gauntlet, and Trail of Bits, lasting for 12 months, aiming to help Arbitrum DAO members turn ideas into reality.

On October 26th, the Arbitrum Foundation tweeted "Tomorrow" with a planet emoji. The tweet has been pinned, suggesting that a major announcement will be made tomorrow.

Web3 bounty platform Layer3 has initiated a community proposal on Arbitrum, proposing to apply for 1 million ARB tokens to deploy 95 tasks in 62 applications, including designing quests, marketing expenses, and lasting until May 19, 2024. All applied funds will be mainly used for updates and maintenance, community participation work, partnership relationships, performance tracking and reporting, and users will receive governance tokens XP and NFTs.

On October 26th, Web3 bounty platform Layer3 launched a community proposal on Arbitrum, proposing to apply for 1 million ARB tokens to deploy 95 tasks in 62 applications, including designing Quests and marketing expenses, continuing until May 19, 2024. All applied funds will be mainly used for updates and maintenance, community participation, partnership relationships, performance tracking and reporting, and users will receive governance tokens XP and NFTs.

On October 25th, according to the Snapshot governance page, the Arbitrum community proposed to "distribute a total of 500,000 ARB tokens evenly among 25 early community contributors" to recognize and reward outstanding contributions from members of the community with the Arbiter (Community) tag on the official Arbitrum Discord. The proposal states that these contributors have played a key role in the development of Arbitrum, including translation, promotion, event organization, community guidance, security, and collaboration with other communities.