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Information about Arbitrum (ARB)
Arbitrum is a layer 2 solution designed to improve the capabilities of Ethereum smart contracts — boosting their speed and scalability, while adding in additional privacy features to boot. The platform is designed to allow developers to easily run unmodified Ethereum Virtual Machine (EVM) contracts and Ethereum transactions on a second layer, while still benefiting from Ethereum’s excellent layer 1 security.
Arbitrum is powered by the Nitro proprietary technology stack. Nitro’s next-generation rollup architecture provides 7x more throughput than Ethereum and lower fees without sacrificing any security. Arbitrum is currently at the top of Ethereum’s Layer-2 chain list with a TVL of more than $1.8 billion.
ARB is a native token of the Arbitrum ecosystem, operating on Arbitrum according to ERC20 standard.
Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council.
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73% of top traders on Binance are going long on ARB, showing confidence in its future. Despite market struggles, ARB posted a 1.25% price increase, signaling a potential rally.
An outflow of $1.55 million in ARB tokens from exchanges hints at accumulation. The Long/Short Ratio of 2.74 reinforces bullish momentum, suggesting traders expect continuous upward movement.
Arbitrum has introduced a proposal for an ARB airdrop intended to reward early supporters who returned their tokens, part of efforts to rebuild its reputation following a significant drop in ARB’s price.
The proposal involves distributing ARB tokens proportionately to those who participated in the first airdrop in March 2023. Feedback from the community is essential, with voting handled by the Arbitrum DAO.
Arbitrum has launched Converge, a blockchain focused on tokenizing real-world assets (RWAs) and enhancing DeFi liquidity.
Ethena Labs and Securitize are bringing 7 billion USD in assets to Converge, utilizing stablecoins to stabilize transaction fees.
The initial block time for Converge is 100 milliseconds, with enhancements planned for faster speeds, while developers have increased flexibility in programming smart contracts.
Ethereum’s price has fallen below 1,600 USD, while 86 million USD has been redirected to rival platforms after Trump’s DeFi law repeal. This has created bearish signals for Ethereum as investors prefer Solana, which received significant inflows.
The reversal of the DeFi KYC regulation is seen as a victory for crypto platforms, but it negatively influences Ethereum’s market share. Solana’s assets increased significantly, positioning it as a viable alternative.
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