Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

Ondo US Dollar Yield, USDY.png

What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

Beginner

top sui meme coins.png

7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

Advanced

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Bybit X FXStreet Report: Gold could reach US$4,000 per ounce by 2025

Altcoins

Arbitrum is a scaling solution that supports Ethereum by allowing greater transaction volumes with lower fees. Learn more about Arbitrum and its new token here.

A decentralized autonomous organization (

) puts control of an entity into the hands of its community members. Unlike a top-down management approach, voting by token holders is used to steer development decisions and other important matters impacting the ecosystem. 

, DAO governance also promotes transparency, because all voting records are posted and are viewable by the community. In March 2023, Arbitrum prepared for a transition to DAO governance, initiated with the airdrop of the long-awaited ARB token

 by allowing greater transaction volumes with lower fees. Because it shares Ethereum’s tooling, developers can use Arbitrum to create and launch decentralized applications (

. In addition, Ethereum currently powers over 3,000 DApps, a number that grows regularly. Because Ethereum cannot handle this volume’s projected growth over the long term, scaling via the Arbitrum network is essential. 

 solution. As such, Arbitrum is an extension of Ethereum’s Layer 1 network, its functionality supported via 

 built on the blockchain. In addition to maintaining the 

 network, Arbitrum lowers developers’ costs, prevents fraud and optimizes speed.

, another Ethereum Layer 2 solution. Both use 

, but they handle fraudulent transactions differently. When Optimism identifies a fraudulent transaction, the entire transaction is sent through the Ethereum virtual machine (

). Arbitrum, on the other hand, only sends the questionable aspect of the transaction through the EVM. This results in a much higher transaction capacity.

The Arbitrum ecosystem moved to DAO governance and now functions within the ARB ecosystem. ARB, Arbitrum’s token, was first airdropped to the Arbitrum community on Mar 23, 2023. 

If you have yet to claim your Arbitrum airdrop, check out our 

 to trade a suite of ARB products on Bybit today.

Arbitrum launched in 2021, gaining immediate popularity. In fact, a few weeks later its total value locked (

) grew over 2,000%. Most of its growth since that time has been organic, as developers have increasingly been drawn to its exceptional benefits.

 the Arbitrum One network had processed more transactions than Ethereum for the first time ever. The Arbitrum token airdrop was a highly anticipated event, as it not only marked a new chapter for the Arbitrum ecosystem, but also highlighted the potential of its continued growth.

Arbitrum was created as a Layer 2 solution to support Ethereum’s growth and functionality. Now, this solution has transitioned to a DAO. After the airdrop of the ARB 

, token holders were granted voting power to influence important management decisions and developmental improvements going forward. By taking this important step, the Arbitrum community gained power over the future of the network, and now have the ability to influence decisions that are in the members’ best interests.

Arbitrum supports optimized scalability by functioning off of the blockchain. Specifically, transaction validation occurs off-chain by using 

 and smart contracts. After validation, confirmation is sent to Ethereum, which can process roughly 15 transactions per second (

Using an optimistic rollup solution, Arbitrum’s technology can process 40,000 TPS, and all of the Ethereum developer tools are available on the Arbitrum network, including the EVM smart contract. Thus, the design of Arbitrum’s technology allows developers to create and launch DApps on Ethereum faster, easier and with lower fees.

The advanced functionality and benefits of the Arbitrum ecosystem are rooted in its features. While this solution is relatively new and continues to develop, its features and capabilities have enabled it to remain among the 

. Let’s look at Arbitrum’s core features.

 optimistic rollup protocol completes bulk transactions off the chain before they’re posted, resulting in lower fees for users and enhanced Layer 1 performance. 

 was completed in September 2022, enabling the use of standard tools and languages, rather than requiring the use of custom designs. It also reduces transaction costs, is compatible with 

, supports substantially greater throughput and delivers other benefits.

, and is designed specifically for DApps, social projects and game development. Nova is suitable for high transaction volumes. In addition, its users benefit from fast transactions and low transaction fees. Another advantage is its compatibility with EVM for optimized functionality.

 of the two chains that are impacted by the DAO transition: Arbitrum One and Nova. Several components impact the status of this decentralization, including 

 in March 2023. Through this solution, developers can create their own 

 blockchains. This allows the system's users to make customizations to suit their projects’ needs. More than that, Arbitrum Orbit supports the 

, a development by Offchain Labs, is an innovative upgrade to the Arbitrum tech stack. It expands the programming environment, allowing the deployment of contracts written in a variety of programming languages, such as Rust, C, C++ and others. Existing Ethereum contracts will run the same way on Stylus, with an additional virtual machine for the new languages. This dual system, known as EVM+, results in faster and cheaper operations.

The life of a Stylus contract involves four stages: Coding, compilation, execution and proving. In short, contracts can be coded in any language that can be compiled into WebAssembly (

). The contract is then compiled in two stages, first into Wasm and then into each Arbitrum node's native assembly, which ensures the contract is safe, efficient and fraud-proof.

During execution, Stylus uses a tool called 

 to run the compiled native code, which saves on gas fees and computational cost as compared to Ethereum. Importantly, Stylus can handle contracts written in different languages, so developers don't have to change their ways of working.

, a tool used for proving fraud, and can dissect both Ethereum's history and user programs. Offchain Labs has already created a fraud prover for Stylus, and is now focusing on improving language features and tools.

Soon, Stylus will be available on a testnet, and by year-end the source code will be ready for use on any Arbitrum/Nitro based chain. If you’re interested in joining the Stylus testnet, you can 

 the Arbitrum Foundation will finally launch its long-awaited token, known as ARB. ARB has an initial 

, with a maximum 2% inflation rate per year. The community owns 56% of the tokens, with 12.75% of those having been kept aside for the airdrop to eligible users on Mar 23, 2023. The rest of the community-owned tokens will be distributed to users over time, with the remaining 44% of the total supply allocated to investors and core contributors. 

Offchain Labs, the creator of Arbitrum, used an 

 to determine which of the early users of Arbitrum would receive the airdropped tokens. Past engagement with Arbitrum was taken into account, including bridged funds on Arbitrum One, the number of completed transactions over the last several months and the number of assets deposited into Arbitrum. For every meaningful action that a user had made before the Feb 6, 2023 snapshot captured at block height #58642080, they were awarded one point. 

Based on the number of points earned, they were awarded a corresponding number of tokens, as follows:

Other Layer 2 projects have already launched their own native tokens, such as Optimism (OP). According to 

, Arbitrum currently holds approximately 59.88% of the market share on Ethereum. DAO governance is likely to be a critical aspect of its continued dominance. 

Prior to Arbitrum’s transition to DAO governance and the ARB airdrop, its TVL market share on Ethereum was $3.85 billion. This has since increased to $5.93 billion, following its transition to the 

, which is widely regarded as being in the best interest of the community and the ecosystem. Increased innovation is expected to be one of the key benefits.

, the Arbitrum Foundation has successfully managed to establish community governance. ARB token holders now have voting rights that give them power over the Arbitrum network’s protocol and development. 

While ARB holders can adjust the code, the changes will be audited. In addition, bugs will be fixed by a security council. While Offchain Labs will no longer maintain governance control, it will continue to develop Arbitrum technology after community members vote on making specific improvements and changes.

 their interests and goals. The elected delegates will review and vote on the DAO’s proposals, and the Arbitrum DAO makes decisions on how revenue is used, steers technological upgrades and makes other key decisions. As a self-executing governance organization, its voters directly impact on-chain decisions. No intermediary is required. Notably, Arbitrum is the first Layer 2 solution to use self-executing governance.

Arbitrum came online in 2021 as an Ethereum Layer 2 solution, quickly gaining traction by providing developers with a faster, easier way to create with minimized fees. In March 2023, the Arbitrum DAO was introduced with the release of the long-awaited ARB token. This governance token puts important decisions in the hands of the community, rather than Offchain Labs. 

 solution will soon be available as well, further adding to developers’ functionality by supporting additional programming languages. Another planned upgrade gives developers the ability to create their own Layer 3 solutions.

Arbitrum’s native token, ARB, was launched on Arbitrum One. Token holders can vote on the Arbitrum One chain. As mentioned, the token has a maximum inflation rate of 2% annually, and it can only be claimed and minted on Arbitrum One. 

ARB launched on Mar 23, 2023 at the price of $1.35. This was followed by a slight decline before its price surged to a high of $1.69 on Apr 17, 2023. This was momentary, however, as ARB’s price soon decreased over the following weeks, reaching its all-time low of $0.912886 on Jun 15, 2023.

On Jun 20, 2023, ARB saw a sharp increase in value, pushing above $1 once again. This increase in price was attributed to the surge in Bitcoin’s price from $26,000 to $30,000. ARB peaked at $1.23 on Jun 28, 2023, and continues to fluctuate. The Arbitrum token is currently trading at $1.15 (as of Jul 5, 2023).

 at $1.53. Its price is expected to then double to $3.24 by 2025, reach $6.95 by 2027 and triple to $21.64 by 2030. This positive growth is substantiated by analysts from DigitalCoinPrice, 

 will hit $2.58 by the end of 2023, double to $4.27 by 2025, increase to $5.34 by 2027 and reach $12.24 by 2030.

The Arbitrum token is available for trading on Bybit, one of the world’s leading exchanges. Simply 

In addition to these products, Bybit is also proud to announce that 

 now supports the Arbitrum Chain, along with the ETH, 

If you’re interested in trading other tokens within the Arbitrum ecosystem, you’ll be glad to know that Bybit also supports the ecosystem by offering these Spot Trading pairs: 

As a solution that enhances the developer experience with Ethereum, Arbitrum has quickly become the top Ethereum Layer 2 solution. While its history is relatively short, it has a track record of progressive improvements, such as Arbitrum Nitro and Arbitrum Orbit. In addition to the release of the long-awaited ARB token and the move toward community governance, Arbitrum plans to release Stylus soon. 

With Arbitrum’s utility and the likelihood of continued growth, ARB could be a solid investment. This is, however, not financial advice, and you are strongly encouraged to 

Arbitrum is the leading Ethereum Layer 2 solution, providing an essential service to developers. With its combination of planned improvements and current utility, it’s on track to maintain and even expand its popularity and utility in the months and years to come. Now that the Arbitrum DAO has come online, and with more positive changes scheduled for the near future, this is a solution to start taking advantage of — and to keep watching.

Arbitrum (ARB): Transitioning Into a DAO With the ARB Airdrop

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