{"id":9585,"date":"2025-03-05T16:29:15","date_gmt":"2025-03-05T16:29:15","guid":{"rendered":"https:\/\/icobench.com\/?p=9585"},"modified":"2025-03-05T16:29:15","modified_gmt":"2025-03-05T16:29:15","slug":"arb-rises-13-after-announcing-usds-support-this-l2-new-ico-crypto-looks-better","status":"publish","type":"post","link":"https:\/\/icobench.com\/news\/arb-rises-13-after-announcing-usds-support-this-l2-new-ico-crypto-looks-better\/","title":{"rendered":"ARB Rises 13% After Announcing USDS Support \u2013 This L2 New ICO Crypto Looks Better"},"content":{"rendered":"<p>Arbitrum (ARB) has gone up by 13% in the past 24 hours after the layer-two Ethereum scaling solution announced that it will support USDS transactions.<\/p>\n<p>USDS is the official stablecoin of the Sky Ecosystem \u2013 formerly known as MakerDAO. The token was rebranded as well last year (it was previously called DAI) and its market cap currently stands at $8 billion.<\/p>\n<p>Investors and decentralized protocols can now easily transfer USDS tokens on Ethereum via Arbitrum and they can send the assets to the mainnet through the protocol\u2019s bridge.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">gm <a href=\"https:\/\/twitter.com\/SkyEcosystem?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer\">@SkyEcosystem<\/a> <a href=\"https:\/\/t.co\/K7sMu0q70U\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/t.co\/K7sMu0q70U<\/a><\/p>\n<p>\u2014 Arbitrum (@arbitrum) <a href=\"https:\/\/twitter.com\/arbitrum\/status\/1896972561873035576?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener noreferrer\">March 4, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>USDS could boost Arbitrum\u2019s transaction volumes<\/strong>, meaning that the demand for its native asset, ARB, will likely increase in the following years.<\/p>\n<p>Trading volume for Arbitrum is up 10% in the past 24 hours and currently accounts for nearly a quarter of the token\u2019s market cap. However, ARB is trading 82.6% below its all-time highs at the moment as competition between layer-two Ethereum scaling protocols is fierce.<\/p>\n<p>Other utility tokens from layer-two solutions like Optimism (OP) and Polygon (POL) are up by 5% each during this same period.<\/p>\n<p><strong>Also read:<\/strong> <a href=\"https:\/\/icobench.com\/cryptocurrency\/ethereum-icos\/\" rel=\"\">Best Ethereum ICOs and Presales in March 2025<\/a><\/p>\n<p>Top-tier centralized and decentralized exchanges, liquidity protocols, yield-farming applications, and other similar dApps have embraced Arbitrum as their go-to solution to transfer assets to and from the Ethereum network.<\/p>\n<p><strong>The cost per transaction on Arbitrum is significantly lower compared to the EVM mainnet<\/strong> and currently stands at around $0.05. Users typically pay from $3 to $5 to transfer assets in the Ethereum L1.<\/p>\n<h2><span id=\"arb_could_drop_sharply_if_it_fails_to_move_above_050\">ARB Could Drop Sharply If It Fails to Move Above $0.50<\/span><\/h2>\n<p>Today\u2019s uptick is still not managing to reverse Arbitrum\u2019s sharp downtrend. The token is trading at its lowest level on record, at least since it was listed on Coinbase.<\/p>\n<p>The market seems to have shunned Ethereum L2 protocols as competing layer-one blockchains have emerged over time to challenge the network\u2019s dominance of the smart contracts space.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9588 size-full\" src=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/arb-needs-to-break-above-0.52-to-reverse-downtrend.png\" alt=\"arb needs to break above $0.52 to reverse downtrend\" width=\"909\" height=\"526\" srcset=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/arb-needs-to-break-above-0.52-to-reverse-downtrend.png 909w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/arb-needs-to-break-above-0.52-to-reverse-downtrend-300x174.png 300w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/arb-needs-to-break-above-0.52-to-reverse-downtrend-768x444.png 768w\" sizes=\"auto, (max-width: 909px) 100vw, 909px\"><\/p>\n<p>The daily chart shows that the price would have to climb above the $0.52 level to make a new higher high and reverse, in theory, the downtrend that started back in December after the market\u2019s post-election tailwind started to fade.<\/p>\n<p>The Relative Strength Index (RSI) has sent volatile signals across the board in the past few days amid last Sunday\u2019s unexpected rally. <strong>The oscillator has now sent a buy signal, but momentum indicators have been on a downtrend lately.<\/strong><\/p>\n<p>Traders should approach ARB with caution as the token is currently standing in uncharted territory amid its latest drop. If the price rejects a move above the $0.52 level or even above Sunday\u2019s high, the odds favor a significant reversal.<\/p>\n<p>ARB\u2019s upside potential is limited at the moment, but a new layer-two Solana scaling solution called Solaxy ($SOLX) is rapidly becoming one of the <a href=\"https:\/\/icobench.com\/cryptocurrency\/best-crypto-presales\/\" rel=\"\">best crypto presales of the year<\/a>.<\/p>\n<h2><span id=\"best_crypto_ico_of_2025_solaxy_raises_25m_to_launch_its_solana_rollup\">Best Crypto ICO of 2025: Solaxy Raises $25M to Launch its Solana Rollup<\/span><\/h2>\n<p>The launch of Official Trump ($TRUMP) in January evidenced the congestion issues that Solana still faces during peak usage periods.<\/p>\n<p>Investors, decentralized apps, and crypto exchanges experienced delays and transaction errors at this time and this is not the first time that this kind of situation has happened.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9586 size-full\" src=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/solaxy-surpasses-25m-mark.png\" alt=\"solaxy surpasses $25m mark\" width=\"1428\" height=\"790\" srcset=\"https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/solaxy-surpasses-25m-mark.png 1428w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/solaxy-surpasses-25m-mark-300x166.png 300w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/solaxy-surpasses-25m-mark-1024x566.png 1024w, https:\/\/icobench.com\/wp-content\/uploads\/2025\/03\/solaxy-surpasses-25m-mark-768x425.png 768w\" sizes=\"auto, (max-width: 1428px) 100vw, 1428px\"><\/p>\n<p><a href=\"https:\/\/icobench.com\/visit\/solaxy\" target=\"_blank\" rel=\"nofollow\">Solaxy ($SOLX)<\/a> fixes this by introducing <strong>a novel protocol that bundles transactions offline safely to alleviate the mainnet\u2019s burden<\/strong>. The developing team has already been working closely with Hyperlane on the Solana devnet and initial tests on asset transfers via Solaxy were performed successfully.<\/p>\n<p>$SOLX, the project\u2019s native asset, offers the highest upside potential to early buyers who scoop up the token during its presale event. As the protocol\u2019s adoption increases, so will the demand for its utility token.<\/p>\n<p>Moreover, <strong>$SOLX offers attractive staking rewards of 164%<\/strong> for those willing to lock up their tokens to secure the network.<\/p>\n<p>To buy $SOLX, head to the Solaxy website and connect your wallet. You can either swap ETH, USDT, or SOL, or use a bank card to complete the transaction.<\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"su-button-center\"><a href=\"https:\/\/icobench.com\/visit\/solaxy\" class=\"su-button su-button-style-flat\" style=\"color:#FFFFFF;background-color:#FF4040;border-color:#cc3434;border-radius:10px\" target=\"_blank\" rel=\"nofollow\"><span style=\"color:#FFFFFF;padding:0px 26px;font-size:20px;line-height:40px;border-color:#ff7a7a;border-radius:10px;text-shadow:none\"> Buy Solaxy Here<\/span><\/a><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arbitrum (ARB) has gone up by 13% in the past 24 hours after the layer-two Ethereum scaling solution announced&#8230;<\/p>\n","protected":false},"author":138,"featured_media":9589,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[219],"tags":[],"class_list":["post-9585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ARB Rises 13% After Announcing USDS Support \u2013 This L2 New ICO Crypto Looks Better<\/title>\n<meta name=\"description\" content=\"Arbitrum (ARB) rises by 13% after announcing USDS support. 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