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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 22h ago
Leading Layer 2 tokens with a
↗5.5%
daily gain, ARB is catching attention as volume and community interest accelerate.
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2.3%
245
2.51%
110
8.33%
392
$1.26B
1.2%
$2.17B
5.8B ARB
10B ARB
10B ARB
$2.17B
#56
0.04%
$80.19M
17.69%
$581.70M
$3.02B
$2.40
Not enough data
73.8%
ARB vs markets
↘ 71.21%
ARB vs BTC
↘ 71.58%
ARB vs ETH
↘ 72.71%
Tags
scaling
dao
dapp
layer-2
+3
Network | Address | |
|---|---|---|
Arbitrum | 0x912CE59144191C1204E64559FE8253a0e49E6548 | |
Ethereum | 0xB50721BCf8d664c30412Cfbc6cf7a15145234ad1 |
Time | Price | Change |
|---|---|---|
Today | $0.22 | |
1 Day | $0.22 | |
1 Week | $0.21 | |
1 Month | $0.17 | |
1 Year | $0.84 |
AI generated 22h ago
Leading Layer 2 tokens with a
↗5.5%
daily gain, ARB is catching attention as volume and community interest accelerate.
Multiple signals pointing upward
Price leadership in Layer 2, surging volume over the past week, and positive community buzz are all pointing in the same direction, with buyers outpacing sellers roughly 2:1 over the past day.
Trading activity accelerating
Trading volume jumped roughly
↗55%
over the past week and
↗11%
over the past day, with a roughly 2:1 buyer-to-seller ratio reflecting strong buying interest.
Community sentiment strongly positive
Community sentiment remains strongly positive with steady online discussions, as ARB holds near the top of its daily trading range at approximately 77% position.
The latest ARB price is $0.22. Compared to Arbitrum's value of $0.22 from 24 hours ago, there's been a -1% decrease, while the current price is 6% up from $0.21 which was recorded one week ago. Arbitrum's all time high is $2.40, which was reached on January 12, 2024. This is a -91% change from its price today.
The current circulating supply of Arbitrum is 5,826,785,045. This is 58% of its max supply of 10,000,000,000 ARB and 58% of its total supply of 10,000,000,000. The market cap is currently $1.26B, which is a result of multiplying the current price of Arbitrum($0.22) by the total supply(10,000,000,000 ARB). The fully diluted valuation of Arbitrum is $2.17B. The diluted valuation of Arbitrum is $2.17B.
Arbitrum had 245 buyers, 110 sellers and total 340 trades in the last 24h. Arbitrum was searched 392 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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Trending articles
Popularity in posts
#245
Contributors
555
Posts
774
% About Arbitrum
0.089%
Articles
0
X (Twitter)
25% bullish
Sentiment
3.9 ★
Highlights
555 unique individuals are talking about Arbitrum and it is ranked #245 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 3.9 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 27.83% of tweets with bullish sentiment compared to 11.31% of tweets with a bearish sentiment about Arbitrum. 72.17% of tweets were neutral about Arbitrum. These sentiments are based on 748 tweets.
On Reddit, Arbitrum was mentioned in 21 Reddit posts and there were 45 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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