[94% of ARB holders are losing: Time to accumulate or avoid? 】
Arbitrum has rapidly emerged in the decentralized finance (DeFi) industry, becoming an important player in decentralized exchange (DEX) trading volume. According to IntoTheBlock, Arbitrum accounts for more than 14% of total DEX trading volume, demonstrating its growing influence. However, 94% of ARB token holders are currently in the red and only 2% are in profit, raising doubts about the future direction of the token.
Arbitrum ranks high in DEX trading volume, second only to Ethereum, and shares 14% and 11% with Binance Smart Chain (BSC) respectively. Base grew rapidly at first but has since stabilized. Transaction volume shows that blockchain activity and user engagement continue to increase.
Additionally, Prometheum Capital plans to incorporate Uniswap and Arbitrum tokens into its custody platform and classify them as securities, which could have far-reaching implications for the regulation of digital assets. This classification raises legal concerns that may impact future adoption of ARBs.
On the positive side, Synthetix plans to launch multi-collateral perpetual contracts (Perps) on Arbitrum, attracting more traders and increasing ecosystem participation. The ARB token has shown some resilience and is currently trading at around $0.5349, up 3.38% in the past 24 hours and 8.60% in the past week.
