L2Beat Removes $7 Billion in RAIN From Arbitrum TVS

• Arbitrum’s secured value fell after L2Beat removed $7 billion in team-held RAIN tokens. 
• About $2.6 billion in RAIN still leads Arbitrum’s asset breakdown ahead of USDC and ETH. 
• Fresh scrutiny now surrounds RAIN’s valuation, token concentration, and TVS reporting.

L2Beat, an analytical research platform, removed about $7 billion in non-circulating RAIN tokens from Arbitrum’s Total Value Secured. The analytics platform said the assets were held in project-controlled multisignature wallets and should not have counted toward the network’s secured value.

The change was not linked to an exploit, protocol failure, or capital withdrawal. L2Beat’s head of research, donnoh.gwei, said the adjustment corrected how the platform treated tokens controlled by the project team.

RAIN Valuation Faces Scrutiny After TVS Drop

The removal caused a sharp drop in Arbit…

Read The Full Article L2Beat Removes $7 Billion in RAIN From Arbitrum TVS On Coin Edition.