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Arbitrum's user and transaction count has been rivaling that of Ethereum's, often flipping the second-largest blockchain.
Users were advised to sell or transfer their holdings before the deadline, at which point the tokens will be automatically sold and converted to buying power on the app.
Siu said the firm's strategy has been to primarily focus on non-U.S. markets due to the "blockchain-hostile" approach of regulators in the country.
