Key Takeaways:
- Arbitrum hits over $2 billion in total value locked, likely due to its short-term incentive program.
- NEAR Protocol introduces a 'fast finality layer' for reducing transaction speeds and costs for Ethereum layer 2s.
- New Rebel Satoshi's second-stage presale is now underway.
Arbitrum (ARB) and NEAR Protocol (NEAR) have recently benefited from key developments. Thus, analysts expect potential rallies as 2023 almost ends. At the same time, a new, rebel-themed meme coin has experienced a triumphant early-bird presale.
This is now in the second phase, with a similarly huge demand anticipated as with the first. Stay tuned to learn more as we look at the trending news for Arbitrum and NEAR Protocol.
Arbitrum Reaches Over $2 Billion In TVL
The total value locked (TVL) is an insightful metric with top DeFi coins. Arbitrium is seeing an uptick here, recently surpassing the $2 billion mark. Arbitrum’s ARB token has experienced numerous initiatives to boost its trading volume, notably the Arbitrum Short-term Incentive Program (STIP).
This program, announced in September this year, plans to distribute 50 million ARB over three months for grants on the network. Not long ago, a proposal to release 100 million ARB in staking rewards got the green light. Thus, there will be a huge token supply for the Ethereum layer-2 in the coming months.
Nonetheless, ARB is presently worth $1.01, a price level it has remained at since the start of the month. However, according to predictions, ARB is likely to trade in the $1.50-$2 figure span or higher in 2024.
NEAR Protocol Introduces the World’s First ‘Fast Finality Layer’ For Ethereum Layer 2s
In partnership with Ethereum scaling solution EigenLayer, NEAR Protocol has introduced the first ‘fast finality layer’ for Ethereum layer-2 networks. This promises to shrink transaction times to 3-4 seconds and decrease transaction costs up to 4,000 times. It’s a major development for developers to scale on Ethereum and create their own top crypto coins.
In other news related to NEAR Protocol, Binance Japan has now listed its native token, NEAR. This move signals exposure to an untapped market. Furthermore, it makes Binance boast an even higher trading volume for NEAR.
Fortunately, NEAR is performing fairly well price-wise, up 80% since October 19, 2023, from $0.97 to $1.75. Reasonable predictions imply the token may start 2024 trading at a minimum of $2.20, with a minimum yearly peak of $3.
Now let’s look at the name teased earlier, Rebel Satoshi ($RBLZ), which has entered the second round of its fast-selling presale.
Rebel Satoshi Enters Second Stage of Presale In Record Time
Rebel Satoshi is a new rebel-inspired meme coin resonating with the defiant powers of Guy Fawkes and Satoshi Nakamoto. It’s an uprising movement against iron-fisted centralized systems, especially in finance, where only the elites have the wealth.
Those who believe in the decentralized vision will experience fun, camaraderie among other rebels, and financial rewards modeled after the best DeFi projects. It begins with regular interactive quests and the spread of laughter in the Rebel Meme Hall of Fame. This space allows early adopters to share their best rebel-infused memes, expressing their creativity and gaining popularity.
With the goal to hit $100 million in market cap, activities in decentralized finance will be crucial. That’s why Rebel Satoshiw will introduce a vibrant NFT marketplace celebrating its story with 9,999 unique digital art and collectibles. Furthermore, members can earn passive income from staking the $RBLZ token.
This token is in demand during the project’s presale, which has entered its second stage, dubbed Rebels Round 1. $RBLZ‘s price is now $0.013, a 30% jump from the previous one of $0.010. Current buyers can expect a 92% gain as the token will be worth $0.025 after the presale.
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
