Arbitrum added $64.2M in stablecoin trading in a week, but what does this mean for ARB?

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Arbitrum recorded a $64.2 million increase in weekly stablecoin trading volume across decentralized exchanges, compared with roughly $19.2 million combined for the next seven networks. Arc ranked second with $11.8 million, followed by Ink at $4.2 million and Tempo at $2.7 million. The launch of NullMask, a privacy protocol, allows users to send, swap, deposit and withdraw cryptocurrencies without exposing transaction details publicly. ARB rebounded from $0.160 to $0.188 before easing to about $0.1795, although buying pressure remained weak and a sustained move depends on the token rising above $0.172.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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