The Structural Shift in Blockchain's Value Accrual: Lessons from the Semiconductor Cycle
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Market Sentiment
92 million ARB released
Independent validator client goes live on mainnet
Block reward reduced to 3.125 BTC
Team and early investor shares released
Improves data availability sampling efficiency
Raises validator limit and account abstraction
Circulating supply increases by about 2%
Block reward halving event
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