Putting ARB and OP together, they are actually similar. They are both the leaders of the Ethereum op series L2. Then we only look at ARB with better data (the same is true for op).

At present, ARB’s on-chain TVL is US$2.1 billion. What is the concept? Let me show you the last wave of bull market star high-speed public chain SOL (which has also doubled recently) TVL is US$600 million, and Binance Smart Chain is US$2.9 billion.

It is actually similar to Binance’s TVL, which is three times higher than SOL. Okay, you said these two are old chains, then let’s take a look at the new chain SUI TVL’s $130 million, and then look at the project Mantle TVL, which is also L2’s financier’s father Bybit’s, and has only $75 million.

No comparison does no harm. And currently, 80% of ARB tokens have not been unlocked. I heard that if there is a large amount of unlocking in the next bull market, 60% of the tokens will be unlocked.

The current market value is 1.3 billion US dollars. If unlocked 3 times, it will be 3.9 billion US dollars. The lower bull market estimate is that it will reach about 50-60 billion US dollars, so there is also room for an increase of about 15 times. $ARB $OP