Arbitrum’s native token, ARB, has gained attention from investors, despite experiencing a sharp decline of 70% since its airdrop. Currently trading around $1.158, down from $1.1808 on April 18th, ARB has emerged as a major player in the crypto market, with its Total Value Locked (TVL) soaring to an impressive $2.3 billion, making it fourth in line. Additionally, the value of stablecoins has grown by over $500 million in just two months since the launch of Arbitrum, while the network’s active user base reached over 600,000, surpassing Optimism (OP), a fast, stable, and scalable L2 blockchain built by Ethereum developers, and nearly overtaking Solana (SOL), the blockchain platform designed to host decentralized, scalable applications.
One of the main attractions of investing in Arbitrum is its high TVL, its user base, and liquidity. Notably, since its launch, Arbitrum has maintained the highest liquidity of all Layer 2 (L2) networks and is the third highest of all chains on DeFi Llama. Additionally, ARB’s technology has been praised for its ability to address some of the key issues facing the crypto industry, such as scalability and high transaction fees. It uses cutting-edge technology such as Optimistic Rollups, providing a solution to these problems, making it reliable and attractive for investors.
Arbitrum has received support from major players in the crypto industry, including partnerships with well-known crypto projects such as Uniswap, Aave, and Chainlink. It signifies that the industry recognizes the value of ARB’s technology and its potential for the future of decentralized finance. Despite ARB’s recent drop in price, its strong fundamentals and growing network usage suggest that it is a hidden gem in the crypto market, presenting an investment opportunity for those looking to capitalize on decentralized finance’s potential.