Arbitrum is a layer-2 scaling solution designed to address Ethereum’s limitations in speed, scalability, and cost. Utilizing optimistic rollups, Arbitrum offloads most computation and storage off-chain, allowing it to deliver higher throughput and lower fees while maintaining Ethereum-level security. Its native token, ARB, is used for governance and was initially distributed via a large airdrop to early users and DAOs. Developed by Offchain Labs, Arbitrum now operates under a decentralized governance structure known as the Arbitrum DAO.
With a 15.39% increase in the last 24 hours, ARB is one of the day’s top-performing assets.
The price surge may have been driven by rumors of a potential partnership with Robinhood and significant token transfers from major players such as Gelato Network, GSR, Anchorage Digital, and Monetalis. Additionally, active addresses on the network rose by 25%, signaling growing interest and usage.
