Arbitrum (ARB) is a layer two cryptocurrency for Ethereum that enhances scalability and reduces transaction costs. 🚀
🔝 Rank: 29th place by market capitalization.
📈 Price: $0.89 (as of January 5, 2025).
💥 Max. price: $2.39.
💸 Market capitalization: approximately $9.57 billion.
📊 Trading volume: $677 million in the last 24 hours.
🌍 Circulating supply: approximately 4.21 billion coins.
Arbitrum reduces fees and speeds up transactions on the Ethereum network, while being fully compatible with it, offering a cheap and fast solution for decentralized applications. ⚡
Conclusion: Arbitrum continues to strengthen its position in the cryptocurrency market due to effective solutions for Ethereum scalability, high liquidity, and growth potential. It could become an important asset for long-term investors and users of the Ethereum network. 🔮
