# Arbitrum Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Arbitrum", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

RAIN Highlights $200M Ecosystem Commitment, $100M Liquidity Expansion, and World Cup Growth Strategy Ahead of Version 2 Launch

RAIN, a decentralized prediction market protocol on Arbitrum, has announced major ecosystem advancements ahead of its Version 2 launch. A partnership with Enlivex has secured over $200 million in committed ecosystem funding, while $100 million in new liquidity (split between USDT and RAIN tokens) has been added to the protocol. The upcoming Version 2 will introduce features like permissionless market creation, AMMs, on-chain order books, and AI-assisted market resolution. RAIN is targeting significant user growth around the upcoming FIFA World Cup. CEO Roy Shaham emphasized the protocol's focus on attracting users and building utility, noting that 100% of trading fees are used for token buybacks and burns. The company reiterated its operational independence and commitment to on-chain transparency.

TheNewsCrypto06/06 06:05

RAIN Highlights $200M Ecosystem Commitment, $100M Liquidity Expansion, and World Cup Growth Strategy Ahead of Version 2 Launch

TheNewsCrypto06/06 06:05

Season One of The Beacon Chain Game Goes Live, A Comprehensive Guide to the 7.7 Million BCN Prize Pool and Chest Mechanics

"The Beacon" Season 1 is now live with a 7.7 million BCN prize pool. This guide provides a tutorial and gameplay strategies. To start, players must sign in via a Web3 wallet at the official app, download the game via the Epic Store for optimal experience, and control their character using WASD keys. An optional $19.99 "Starter Pack" provides 2000 Glint and premium chests. Gameplay currently offers two main paths. First, the "Dungeon" (up from spawn) costs 20 Stamina per run to earn Shadow Shards, which exchange for Umbra Chests. Second, "Kraken Klash" (right from spawn) is a betting mini-game using Goblin Tokens to guess correct tiles for rewards. Rewards consist of Cosmetics and BCN tokens. Free players receive account-bound cosmetics, while Starter Pack purchasers ("Premium" players) receive tradable NFT cosmetics. The season features three chest types: 1. **Umbra Chests** (from Shadow Shards): Contain cosmetics and small BCN amounts (Premium only). 2. **Kraken Chests** (from Goblin Tokens): Contain exclusive cosmetics and larger BCN amounts (Premium only). 3. **Glint Chests** (from Glint, premium currency): Contain exclusive cosmetics and the largest BCN amounts (Premium only). Each chest type (Umbra, Kraken, Glint) has detailed rarity probabilities (Common, Rare, Epic, Legendary) and BCN reward distributions listed for free and premium versions. The four in-game currencies are: Shadow Shards, Goblin Tokens, Glint, and BCN. A stable earning method is farming dungeons for Shadow Shards to exchange for Umbra Chests. Kraken Klash is a higher-risk, higher-reward option using Goblin Tokens.

Odaily星球日报05/26 01:04

Season One of The Beacon Chain Game Goes Live, A Comprehensive Guide to the 7.7 Million BCN Prize Pool and Chest Mechanics

Odaily星球日报05/26 01:04

Secures Over $60 Million in Funding from Dragonfly, Sequoia, and Others. An In-Depth Look at the On-Chain Derivatives Protocol Variational | CryptoSeed

Variational, a decentralized derivatives trading platform, has raised over $61.8 million in total funding, including a recent $50 million Series A led by Dragonfly Capital. Investors include Sequoia Capital, Coinbase Ventures, Bain Capital Crypto, and Hack VC. The platform, with over $810 million in Open Interest (ranking 4th among on-chain derivatives protocols), is founded by Lucas Schuermann and Edward Yu. Both are Columbia University graduates and former partners at quant fund Qu Capital. They later held senior roles at Genesis Trading, handling billions in trading volume. The broader team includes talent from Google, Meta, and top trading firms like Jane Street. Operating on Arbitrum, Variational distinguishes itself by aggregating external liquidity from CEXs, DEXs, and traditional market makers using an RFQ (Request-for-Quote) model, positioning itself more as a broker than an exchange like Hyperliquid. Its dual product line features Omni for retail users (offering up to 50x leverage on ~450+ crypto and TradFi pairs) and Pro for institutional OTC trading. Currently in a pre-TGE phase, Variational has launched an "Omni Points" system, with 50% of its upcoming $VAR token supply allocated for community incentives through trading-based rewards and referrals until Q3 2026.

链捕手05/22 06:25

Secures Over $60 Million in Funding from Dragonfly, Sequoia, and Others. An In-Depth Look at the On-Chain Derivatives Protocol Variational | CryptoSeed

链捕手05/22 06:25

A $50 Million Funding Round Ignites Airdrop Expectations, Making Variational the New Focus in Perp DEX

Perp DEX Variational has become a focal point in the airdrop community following its announcement of a $50 million Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and CoinBase Ventures. The news caused a significant pre-market price surge. Variational is a zero-fee perpetual decentralized exchange built on Arbitrum, notable for its "brokerage-style" model that aggregates liquidity from various sources. It currently ranks fourth in open interest among Perp DEXs and is the only top-five platform yet to issue a token. The primary way for users to participate is through its "Trade to Earn" points program, designed to reward organic trading activity. The system includes benefits for early users, a tiered rewards structure based on trading volume, and a referral program. The platform has committed to allocating approximately 50% of its token supply to the community. While an exact Token Generation Event (TGE) date has not been announced, official documentation indicates the points program will run at least until the end of Q3 2026. Prediction markets currently suggest a TGE is more likely in Q4 2026.

marsbit05/21 02:04

A $50 Million Funding Round Ignites Airdrop Expectations, Making Variational the New Focus in Perp DEX

marsbit05/21 02:04

$50 Million Funding Ignites Airdrop Anticipation, Variational Becomes New Focus of Perp DEX

Variational, a perpetual decentralized exchange (Perp DEX) on Arbitrum, has become a focal point in the crypto community after announcing a $50 million Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. This news caused a significant pre-listing price surge and increased predictions of a high fully diluted valuation (FDV) upon launch. A key feature of Variational is its zero-trading-fee model. It differentiates itself by aggregating multi-source liquidity, including traditional and crypto-native market makers, to address on-chain liquidity challenges. According to DefiLlama, it ranks fourth among Perp DEXs by open interest and is notable as the only top-five platform yet to issue a token. The primary way for users to engage is through its "Trade-to-Earn" Omni Points program. Points are awarded weekly based on trading activity, with bonuses for early users and a tiered reward system that incentivizes higher trading volumes. The program also includes a referral system offering USDC rewards and extra points. The design emphasizes organic trading over mere volume farming. While an exact Token Generation Event (TGE) date for the VAR token is not confirmed, official documentation states the points program will run at least until the end of Q3 2026. Community and prediction market sentiment generally expects the TGE to occur in Q3 or Q4 of this year.

Odaily星球日报05/21 02:01

$50 Million Funding Ignites Airdrop Anticipation, Variational Becomes New Focus of Perp DEX

Odaily星球日报05/21 02:01

Popular Interactive Collection | The Beacon Season 1 Pre-registration; GenLayer Latest Testnet Interaction (May 15th)

This article from Odaily introduces three recent interactive opportunities in the crypto/blockchain space. First, **The Beacon**, a fantasy action RPG backed by Arbitrum, has opened pre-registration for its Season 1 starting May 25th. With a prize pool of 7.7 million BCN tokens, this is presented as a final chance to earn BCN before its Token Generation Event (TGE). Second, **GenLayer**, an AI-native blockchain platform, has launched a testnet for its FUD Markets project. The tutorial guides users through signing in, obtaining test USDC on Base Sepolia, making a test trade, sharing their experience on X, and submitting the post to GenLayer's portal for potential rewards. Finally, **Seismic**, an EVM-compatible privacy-focused L1, has launched its testnet. The guide explains how to claim test tokens (requiring social verification), deploy a contract, and join the official Discord community to aim for early contributor status. All three projects represent active testnet or pre-launch phases where users can interact for potential future airdrops or rewards.

Odaily星球日报05/15 04:51

Popular Interactive Collection | The Beacon Season 1 Pre-registration; GenLayer Latest Testnet Interaction (May 15th)

Odaily星球日报05/15 04:51

Weekly Token Unlocks: STRK Unlocks 4% of Circulating Supply but Price Surges

Weekly Token Unlock Recap: STRK's 4% Supply Release Sees Price Rally This week's major token unlocks featured two prominent Ethereum scaling solutions: **Starknet (STRK):** Approximately 130 million STRK tokens (4% of circulating supply), valued at roughly $7.19 million, were unlocked. Starknet is an Ethereum Layer 2 network utilizing zk-STARKs technology to enable faster and cheaper transactions. Despite the significant supply increase, the token's price experienced an upward movement. **Arbitrum (ARB):** Around 95.87 million ARB tokens, worth approximately $13.71 million, were released. Arbitrum is another leading Ethereum Layer 2 solution that processes transactions off-chain before bundling them for Ethereum mainnet settlement, offering improved scalability and lower costs. The ARB token grants holders governance rights within the ecosystem. Both projects continue to play significant roles in scaling the Ethereum network.

marsbit05/10 01:08

Weekly Token Unlocks: STRK Unlocks 4% of Circulating Supply but Price Surges

marsbit05/10 01:08

Shenzhen's Airdrop Hunters Are Now Turning to Hong Kong Stock IPOs

Shenzhen, a city synonymous with ambition and rapid growth, has long been a hub for those capitalizing on information and opportunity gaps. From its origins as a small fishing village, it has transformed into a global center for electronics, manufacturing, and innovation, home to giants like Huawei, Tencent, and DJI. Arez, a typical Shenzhen entrepreneur in his early thirties, runs an airdrop farming studio in Nanshan. In 2023, his team profited significantly from major airdrops including Arbitrum, Starknet, and LayerZero. At its peak, the operation managed thousands of on-chain addresses, utilizing scripts, IP proxies, KYC resources, and capital rotation to maximize returns. Now, like many others in Shenzhen’s dynamic speculative economy, Arez and his peers are shifting focus—this time to Hong Kong’s IPO market, seeking new avenues for profit in ever-evolving financial landscapes.

marsbit04/24 08:22

Shenzhen's Airdrop Hunters Are Now Turning to Hong Kong Stock IPOs

marsbit04/24 08:22

DeFi Falls into the Most Dangerous Prisoner's Dilemma in History

ChainCatcher author Gu Yu analyzes the severe fallout from the Kelp DAO exploit, which has triggered a crisis of confidence across the DeFi ecosystem, implicating major projects like Aave, LayerZero, and Arbitrum. The attack, attributed to the Lazarus Group, exploited a single-validator (1/1) configuration in LayerZero’s decentralized verification network (DVN), leading to over $40M in losses. LayerZero’s official report claimed its protocol “operated as expected” and deflected blame onto Kelp DAO’s configuration choices, sparking backlash from developers and researchers who criticized its avoidance of responsibility. Meanwhile, Arbitrum’s security committee intervened by using a privileged transaction to freeze and recover ~30,766 ETH ($71M) from the hacker’s address—a move praised for pragmatism but criticized for undermining Layer2 decentralization ideals. The incident has intensified debates on cross-chain bridge security, Layer2 centralization risks, and the tension between practical security measures and decentralized principles. With Aave facing ~$200M in bad debt and no clear compensation plan from Kelp DAO or LayerZero, the situation reflects a dangerous “prisoner’s dilemma” where key players prioritize self-interest over collective trust, threatening foundational DeFi narratives.

marsbit04/21 12:41

DeFi Falls into the Most Dangerous Prisoner's Dilemma in History

marsbit04/21 12:41

Arbitrum Freezes $71M ETH Linked to Kelp Hack, Sparks Decentralization Debate

Arbitrum, an Ethereum layer-2 blockchain, froze 30,766 ETH (worth over $71.2 million) linked to the recent Kelp protocol exploit. The freeze was executed by a 12-member security council appointed by the Arbitrum community, moving the funds to an intermediary wallet accessible only through further governance action. The hack, which occurred on Saturday, resulted in at least $293 million in losses and was attributed to North Korea by LayerZero. The incident has reignited debates about decentralization, as some critics argue such freezes contradict blockchain’s core principles, while others support them for security. The council reportedly spent hours deliberating the decision, which was approved by 9 of its 12 members.

TheNewsCrypto04/21 09:05

Arbitrum Freezes $71M ETH Linked to Kelp Hack, Sparks Decentralization Debate