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On-Chain Insights: Arbitrum Continues to Attract Capital, Reserve Protocol's RToken Receives Inflows, Smart Money Increases Holdings in Stablecoins
Key Takeaways
3 min read
  • Smart Money stablecoin holdings vs all coins has increased slightly from 22% to 24% in the last few days suggesting that these wallets are becoming a bit more cautious
  • Reserve Protocol's eusdRSR Token has received inflows and now anyone can create yield-bearing, asset-backed currencies on the protocol
  • Arbitrum leads in terms of bridging activity and has attracted capital due to recent application launches and the token airdrop speculation

Smart Money Movements (24h)

Smart Money wallets continue to be attracted by the Arbitrum ecosystem, although they seem to be more cautious in the last few days as they have slightly increased their stablecoin holdings.

Reserve Protocol: eusdRSR Token

  • There was around 246k of inflows into the Reserve Protocol: eusdRSR Token contract (including two Smart Money wallets).
  • eUSD is the first RToken on Reserve and was launched by MobileCoin.
  • After a number of security audits, Reserve Protocol is now comfortable deploying capital into the protocol and is inviting others to do so as well.
  • Anyone can now permissionlessly create...