Try Quests to earn crypto$ARB DAO Allocation
A total of 112,834,000 $ARB (1.13%) have been sent to DAOs within the Arbitrum Ecosystem. In this dashboard I'll take a look at the top 4 DAOs (by $ARB received) and their user activity to provide a reasoning behind the $ARB Allocation.
Arbitrum is a protocol that makes Ethereum transactions faster and cheaper. Developers use Arbitrum to build user-friendly decentralized apps (dApps) that can take advantage of the scalability benefits of the Arbitrum Rollup and AnyTrust protocols.
Arbitrum's flagship chain, Arbitrum One, was launched in 2021. This was quickly followed by the launch of Arbitrum Nova, a separate AnyTrust chain built for ultra low-cost transactions. In August 2022, Arbitrum One was upgraded to the Arbitrum Nitro stack, bringing a 7-10x upgrade to its scaling capabilities.
The distribution of $ARB governance tokens decentralizes governance of Arbitrum One and Arbitrum Nova and their underlying protocols. $ARB tokens can be used to vote on Arbitrum DAO governance proposals, allowing $ARB holders to collectively shape the future of Arbitrum protocols and chains. Token holders can also delegate their voting power to delegates.
On March 23, 2023, $ARB was airdropped into the Arbitrum ecosystem, and a small percentage was distributed to DAOs, the top 4 that received the biggest amount of $ARB are the following:
- Treasure: A Decentralized gaming ecosystem which supports differents games using their token $MAGIC and NFTs as composable resources.
- GMX: A Decentralized Perpetual Exchange in Arbitrum.
- Sushiswap: A Decentralized trading platform.
- Uniswap: A Decentralized trading platform.
You can see the volume of $ARB the DAOs of these projects received and their percentage in comparison with the total that was distributed to DAOs (113 Million $ARB)
If you see the Line chart of $ARB percentage "bugged" is because the new app had a problem with X-axis data that isn't dated, however, is only a visual problem and doesn't affect the result.
- Treasure and GMX both received the Biggest Volume of 8M $ARB, meanwhile, Uniswap and Sushiswap received half of that.
- One of the biggest reasons behind the difference is the importance of these projects to Arbitrum, meanwhile, GMX and Treasure Started on Arbitrum Uniswap and Sushiswap were already in other Blockchains.
The goal of this dashboard is to show the activity of these projects, analyze user activity from these projects and explain the allocation for these DAOs and how to allocate $ARB across DAO users.