Is this round of the ARB bull market worth holding???

As the leader in L2, ARB has excellent technical and fundamental aspects, but there are also plenty of issues!

Is the ARB token good? From a technical perspective, it is indeed good. Its advantages include being the only leading L2 project, the most active L2 project on-chain, the L2 project with the most TVL, the second L2 project in new contract deployments, and the L2 project with the highest user awareness. With so many titles, the airdrop in the past also benefited a group of retail investors, and it looks like a potential hundredfold token in the future. However, it has significant problems:

1. Project team neglect + lack of transparency in data, specifically: the community has proposed multiple times to empower ARB, but there has only been response without action. Investors and the team hold 44.47% of the chips, and although the official information states that the lock-up period is one year, the official has mixed multiple addresses and paths, and some addresses have other sources of ARB, making it currently impossible to fully track the project team's addresses.

2. Token economics overlook the empowerment of the ARB token. Currently, the ARB token can only be used in DEFI for liquidity interest + community governance (which is of no use), and in the future, it will be more about speculation where value exceeds actual value.

3. There are many competitors in L2, whether it's BASE, scroll, op, zk, stk, etc., all have the momentum and strength to carve up ARB's current TVL, yet the project team has not taken action and lacks a strong sense of crisis.

In summary, I acknowledge ARB's current ability to capture market value, and I also recognize the strength of ARB's technical aspects + the achievements gained from first-mover advantage. However, I have not invested in ARB because I believe it currently lacks value capture ability, but if the token economic model is optimized in the future, then ARB will become a quality buying target.