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On-Chain Insights: Arbitrum DAO, LSD Activity, and Memecoins
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Key Takeaways
2 min read
  • The initial 1.13% of ARB token allocated to DAOs on the network has been distributed, with TreasureDAO, SushiSwap, Dopex, Radiant Capital, and Balancer as the largest recipients.
  • As staked ETH withdrawals become enabled, there have been movements from both a bullish and bearish perspective today.
  • Memecoins continue to dominate the Hot Contracts dashboard, attracting some Smart Money depositors into various liquidity pools.

Arbitrum DAO

  • The 1.13% of the initial ARB token supply allocated to DAOs on the network has been distributed, as per the tweet from the Arbitrum Twitter account.
  • TreasureDAO, SushiSwap, Dopex, Radiant Capital, and Balancer were the top five DAO recipients. The full list of airdrop recipients and their respective airdrop amounts can be viewed here.

LSDs

Staked.us