ARB Everywhere

    Overview of analysis

    For users claiming the Arbitrum airdrop, analyze their bridge use. Have these wallets increased transfers into Arbitrum since the announcement of the airdrop? For any wallets who have sold ARB, are they moving their tokens out of Arbitrum? For those bridging out, what bridges are they primarily using?


    Arbitrum is a decentralized network that combines the scalability of Layer 2 solutions with the security of the Ethereum mainnet. In less than a week, the Arbitrum airdrop happened. Airdrop aims to encourage users to test Arbitrom's network and experience its benefits, such as faster and cheaper transactions. With this airdrop, the team hopes to increase the adoption of the network and demonstrate the value of its technology to the wider cryptocurrency community.

    This analysis demonstrated the bridge activity by airdrop claimers on the Arbitrum network.

    Methodology:

    The data provided by Flipside has been used to handle this analysis.

    • In this investigation, first of all, the share of airdrop claimers that bridged assets into the Arbitrum network has been determined. Also, the activity of these users after airdrop has been investigated to find out the bridge usage of these users.

    • It's important to clarify the airdrop claimers who sold their $ARB tokens and after that determine the bridge activity of these users. Furthermore, the applications of various bridges by these users are determined in the Arbitrum network.

    • Two of the bridges related to the Axelar network are Squid and Satellite. The application of these bridges by the users who sold their $ARB token is investigated through various metrics like popular destinations and overtime analysis.

    • To determine the bridge activity by Squid and Satellite, the new table of the Flipside on the Axelar section has been utilized.

    • Finally, a conclusion is drawn based on the outcomes of the previous parts.

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