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

As the leading L2, ARB has excellent technical and fundamental characteristics, but it also faces numerous 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 highest TVL, the second L2 project in terms of new contract deployment, and the L2 project with the highest user perception. With so many titles, the airdrop back then also benefited a group of retail investors, making it look like a hundredfold coin in the future. However, it also has prominent issues:

1. The project team is negligent + data is not transparent, 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 performed multiple address and path mixing and scattering, and there are addresses with other sources of ARB, making it currently impossible to track all project addresses.

2. Token economics neglects to empower the ARB token. Currently, the ARB token can only serve as liquidity for interest in DEFI + community governance (which is of no use), and in the future, it will just be speculation with value greater than actual value.

3. There are many competing L2 products, whether BASE, scroll, op, zk, stk, etc., which all have the momentum and strength to divide ARB's current TVL, yet the project team has taken no action and shows a lack of crisis awareness.

In summary, I acknowledge ARB's current market value capture ability and recognize the strength of ARB's technical aspects + the achievements gained from its first-mover advantage. However, I have not invested in ARB as I believe it currently lacks value capture ability. If there are optimizations in the token economic model in the future, ARB will become a quality buying target.

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