What is Arbitrum?
Arbitrum is a rollup chain designed to improve the scalability of Ethereum. It achieves this by bundling multiple transactions into a single transaction, thereby reducing the load on the Ethereum network.
In simple terms, a rollup chain is a layer 2 solution that aggregates and processes transactions off-chain, before submitting a single transaction to the Ethereum mainnet. This means that users can enjoy faster and cheaper transactions, while still benefiting from the security and decentralization of the Ethereum network.
Arbitrum’s native token is called the Arbitrum token, or ARB for short. The token is used to pay for transaction fees on the Arbitrum network and also serves as a means of governance for the protocol. Holders of ARB can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes.
Arbitrum is a rollup chain that enables faster and cheaper transactions on Ethereum, while its native token ARB is used for transaction fees and governance. With the increasing demand for Ethereum-based applications and transactions, rollup chains like Arbitrum are becoming increasingly important for improving the scalability of the network.
What is happening with Arbitrum Airdrop?
Arbitrum is conducting an airdrop of its native token, ARB, to users who have previously used certain Ethereum-based applications. This is being done to incentivize users to try out the Arbitrum network and to increase adoption of the protocol.
To be eligible for the airdrop, users must meet a number of the following criteria:
- Have bridged into Arbitrum One.
- Have bridged into Arbitrum Nova.
- Have conducted transactions over a course a few distinct months.
- Have conducted a number of different transactions with different smart contracts.
- Have conducted transactions with over a certain value in dollars cumulatively in aggregate value
You can check if you’ve been eligible for ARB token airdrop in the Arbitrum Foundation website
Where can you buy Arbitrum?
ARB tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Arbitrum is Toobit, where the most active trading pair ARB/USDT has a trading volume of $9,389,590.99 in the last 24 hours. Other popular options include Gate.io and DigiFinex.
What is the daily trading volume of Arbitrum (ARB)?
The trading volume of Arbitrum (ARB) is $275,434,556.23 in the last 24 hours, representing a -31.20% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Arbitrum (ARB)?
The highest price paid for Arbitrum (ARB) is BTC0.00005591, which was recorded on Jan 12, 2024 (4 months). Comparatively, the current price is -56.80% lower than the all-time high price.
What is the all-time low for Arbitrum (ARB)?
The lowest price paid for Arbitrum (ARB) is BTC0.00001479, which was recorded on Sep 11, 2023 (8 months). Comparatively, the current price is 38.60% higher than the all-time low price.
What is the market cap of Arbitrum (ARB)?
Market capitalization of Arbitrum (ARB) is BTC43,871.1120 and is ranked #47 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ARB tokens (2.7 Billion tokens are tradable on the market today).
What is the fully diluted valuation of Arbitrum (ARB)?
The fully diluted valuation (FDV) of Arbitrum (ARB) is BTC165,305.6293. This is a statistical representation of the maximum market cap, assuming the maximum number of 10 Billion ARB tokens are in circulation today. Depending on how the emission schedule of ARB tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Arbitrum compare against its peers?
With a price increase of 0.80% in the last 7 days, Arbitrum (ARB) is underperforming the global cryptocurrency market which is up 3.30%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
Read More: Arbitrum Price: ARB Live Price Chart, Market Cap & News Today | CoinGecko
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