The extremely anticipated launch and airdrop of Arbitrum’s ARB native governance token befell on March 23, creating buzz across the Layer 2 protocol as lots of of 1000’s of eligible customers and DAOs tried to say the token. . Overwhelming consumer demand triggered Airdrop grievance web page to crash shortly after launch, displaying 404 and 429 errors for over an hour, Cointelegraph reported.

Provided that Arbitrum was one of many greatest tokenless blockchain tasks, the hype surrounding its downfall was anticipated. Nonetheless, it illustrates how neighborhood tasks in area can nonetheless thrive, regardless of rivals, technical challenges, market downturns and regulatory uncertainty.

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