Andrew Kang, an investor in the currency circle, recently said on Twitter that although Arbitrum ($ARB) has performed well recently, its true value has not yet been discovered by the market. He emphasized that Arbitrum’s performance is far better than other L2 competitors in terms of total DeFi lock-up volume (TVL) and transaction volume, and the potential for technology and ecosystem development is quite strong.

Teaming up with Robinhood to send $ARB prices skyrocketing

Kang specifically mentioned that Arbitrum previously cooperated with Robinhood, an American online brokerage, in March, and Robinhood also announced that the wallets it manages will support Arbitrum’s cross-chain functionality in the next few months. As soon as the news came out, the price of $ARB immediately jumped by more than 11%.

Arbitrum's TVL leads by a wide margin, but market remains undervalued

Kang analyzed that the market has not fully understood Arbitrum’s explosive growth. Citing L2beat data, he pointed out that Arbitrum’s locked-up volume (TVL) has actually reached $20 billion, which is several times that of other L2 solutions, such as Sui, Avalanche, and Tron. Kang emphasized that Arbitrum far surpasses other L2s in terms of rapid growth in trading volume and lock-up volume, which is an important indicator of current market undervaluation.

L2BEAT data shows that ARB has firmly established itself as the L2 leader. Technological innovation and new projects are the key to future growth.

Kang further stated that Arbitrum’s future growth mainly relies on the following key points:

  1. Stylus technology: allows developers to develop using mainstream languages ​​​​such as Rust and C++, greatly lowering the technical threshold and attracting more games and high-performance application projects to join.

  2. New projects are online: Animation Web3 projects such as Animechain in cooperation with Azuki are expected to bring more users and transaction volume.

  3. Cross-chain technology optimization: Continue to improve interoperability with other blockchains and further expand application scenarios.

Arbitrum cooperates with Azubi on the animation Web3 project: Animechain Andrew Kang said that institutional investors value fundamentals

Kang finally pointed out that although many investors in the market are keen on meme coins, institutional investors pay more attention to Web3 projects with strong fundamentals like Arbitrum. He believes that these investors will slowly understand the true value of Arbitrum, especially its overwhelming advantages in DeFi and locked positions. Regarding $ARB, Kang said that he is quite optimistic and suggested that investors should not miss this project with amazing growth potential.

(Andrew Kang said NFT will enter a big bull market: BLUR’s market share will crush Magic Eden, and AI will become a new generation of buyers)

This article Andrew Kang says the market underestimates Arbitrum’s potential: 20 billion magnesium locked, cross-chain and Stylus are key to growth first appeared on Chain News ABMedia.