Several decentralized finance platforms, including MakerDAO, SushiSwap, and Balancer, have hinted at a major event that will shake the decentralized finance market. According to a report, the aforementioned decentralized finance platforms posted a picture of a “fist bump” with different background colors on their official Twitter accounts at the same time.
Although the aforementioned platforms only posted fist bump pictures, the Gearbox Protocol was seen to go above and beyond by dropping more hints. On the fourth of February, the said platform reportedly tweeted that the said movement was a flash mob organized by the decentralized finance DAOs. The aforementioned move was allegedly the organization’s first attempt at coordination in the decentralized finance industry.
The aforementioned move was allegedly the organization’s first attempt at coordination in the decentralized finance industry. The said movement was labeled as a “fun DAO flashmob” by Gearbox protocol, and while they initially stated that it was all for fun, they also hinted that the marketing contributors might be planning something “cool” for next week.
The aforementioned “fun DAOs flash mob,” which involved multiple decentralized platforms sharing the same “fist bump” image with a varying background color, stirred up the cryptocurrency world. In which some cryptocurrency enthusiasts even made accusations that the aforementioned trend may be connected to the alliance being established by numerous enterprises.
DAOs Flash Mob’s Connection to Arbitrum’s Token
While some members of the cryptocurrency community have claimed that the aforementioned activity is connected to the impending release of Arbitrum’s tokens. Because of this, Arbitrum is recognized as a Layer-2 Ethereum scaling solution that tries to address the issues of excessively high transaction fees that are expensive and congestion on Ethereum. Additionally, it would supposedly provide a range of EVM-compatible, safe, quick, and inexpensive scaling solutions for Ethereum.
Although Arbitrum does not currently have a native token, there has been a noticeable increase in network activity. The aforementioned action is thought to be connected to the GMX token, the native token of the Decentralized Perpetual Exchange GMX. At the time of writing, the aforementioned coin was seen to have increased in value by 15% over the previous day and was trading for $73.65.