Arbitrum Stylus is reducing the barrier of entry for developers by allowing EVM-compatible smart contracts programmed in C, C++, and Rust. Stylus improves execution by 10x and scales memory by 50-100x. Since Solana programs are written in Rust, Stylus applications can be interoperable with the Solana ecosystem. It's expected to go live on mainnet in the coming months.
Tuesday, May 28, 2024Although the price of Arbitrum has dropped significantly over the last year, its market cap has grown by over 75% to ~$2.23B. This growth has largely been driven by token unlocks, thus although ARB price is almost at an all-time low, the market cap is expected to continue to increase as more tokens are unlocked.
Arbitrum's recent staking proposal offers 50% of surplus sequencer fees to ARB stakers, which equates to a 7% APY. The goal is to make the DAO more resilient to vote manipulation or hostile takeovers since only 10% of ARB is actively used in governance. It will use Tally to make liquid-staked ARB.
Arbitrum's Short-Term Incentive Program (STIP) distributed 71M ARB to increase network activity, leading to $15.2M in sequencer revenue — 43% of total revenue during the period. However, with the program costing $85.2M, the $60M loss highlights the need for more efficient incentive strategies in the future.