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ARB is the utility token of Arbitrum, an Ethereum layer-2 network. ARB functions as the governance token of the Arbitrum DAO, as holders may create and vote on governance proposals.
Happening now
AI generated 6h ago
Following a significant price drop, attention is turning to how the market will weigh Arbitrum's recent series of development and partnership announcements.
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12.41%
605
14.37%
209
8.85%
785
$1.33B
-7.95%
$2.42B
5.5B ARB
10B ARB
10B ARB
$2.42B
#58
0.04%
$243.18M
-2.36%
$1.64B
$7.05B
$2.40
-60.36%
ARB vs markets
↘ 64.84%
ARB vs BTC
↘ 63.63%
ARB vs ETH
↘ 61.78%
Tags
scaling
dao
dapp
layer-2
+3
Network | Address | |
|---|---|---|
Arbitrum | 0x912CE59144191C1204E64559FE8253a0e49E6548 | |
Ethereum | 0xB50721BCf8d664c30412Cfbc6cf7a15145234ad1 |
Time | Price | Change |
|---|---|---|
Today | $0.24 | ↘ 8.34% |
1 Day | $0.26 | ↘ 8.34% |
1 Week | $0.27 | ↘ 10.40% |
1 Month | $0.36 | ↘ 33.05% |
1 Year | $0.61 | ↘ 60.36% |
AI generated 6h ago
Following a significant price drop, attention is turning to how the market will weigh Arbitrum's recent series of development and partnership announcements.
Arbitrum announces new funding and a PayPal integration
The Arbitrum project announced a $40M incentive program for DeFi development
and allocated $14M to subsidize
security audits. It also added support for PayPal’s
PYUSD stablecoin.
ARB price sees a significant drop
This news comes as the price of ARB has fallen
↘10%
in the past 11 hours.
The latest ARB price is $0.24. Compared to Arbitrum's value of $0.26 from 24 hours ago, there's been a -8% decrease, while the current price is -10% down from $0.27 which was recorded one week ago. Arbitrum's all time high is $2.40, which was reached on January 12, 2024. This is a -90% change from its price today.
The current circulating supply of Arbitrum is 5,509,691,911. This is 55% of its max supply of 10,000,000,000 ARB and 55% of its total supply of 10,000,000,000. The market cap is currently $1.33B, which is a result of multiplying the current price of Arbitrum($0.24) by the total supply(10,000,000,000 ARB). The fully diluted valuation of Arbitrum is $2.42B. The diluted valuation of Arbitrum is $2.42B.
Arbitrum had 605 buyers, 209 sellers and total 779 trades in the last 24h. Arbitrum was searched 785 times in the last 24h.
Arbitrum is an Ethereum layer-two scaling solution that strives to enhance the speed, scalability, and cost-efficiency of Ethereum. It utilizes optimistic rollups to aim for these improvements, moving most of the computation and storage load off-chain. This method seeks to provide higher throughput and lower fees compared to Ethereum, while still benefiting from Ethereum's security and compatibility. The native token of Arbitrum is ARB, which is used for governance. The developers behind Arbitrum, Offchain Labs, have transitioned to a decentralized autonomous organization (DAO) structure, known as the Arbitrum DAO. ARB holders can vote on proposals that influence the features, protocol upgrades, funds allocation, and election of a Security Council.
Arbitrum operates using optimistic rollups, a technology that aims to increase the scalability of Ethereum. It supports unmodified Ethereum Virtual Machine (EVM) contracts and transactions, meaning existing Ethereum decentralized applications (DApps) can run on Arbitrum without any code changes. Arbitrum aims to handle a high number of transactions per second with lower fees and faster finality, while maintaining the security guarantees of Ethereum. It also allows developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus, its upcoming EVM+ equivalence feature. Arbitrum does not rely on any centralized operator or sequencer to order transactions. Instead, it uses a decentralized network of validators who stake ARB tokens and are compensated for securing the network.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Trending articles
Popularity in posts
#113
Contributors
866
Posts
866
% About Arbitrum
0.187%
Hold times
0 days
X (Twitter)
43.51% bullish
Sentiment
4.5 ★
Highlights
866 unique individuals are talking about Arbitrum and it is ranked #113 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Arbitrum has an average sentiment score of 4.5 out of 5. Finally, Arbitrum is becoming less newsworthy, with 0 news articles published about Arbitrum.
On Twitter, people are mostly neutral about Arbitrum. There were 45.9% of tweets with bullish sentiment compared to 5.49% of tweets with a bearish sentiment about Arbitrum. 54.1% of tweets were neutral about Arbitrum. These sentiments are based on 8614 tweets.
On Reddit, Arbitrum was mentioned in 252 Reddit posts and there were 358 comments about Arbitrum. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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