$ARB Arbitrum (ARB) is currently trading at around $0.77 with a slight 24-hour decrease of about -0.72%. It ranks 45th in the market with a market cap of approximately $3.14 billion. The token saw a 24-hour trading volume of $1.26 billion, reflecting strong trading activity. Its circulating supply is 4.10 billion ARB out of a maximum supply of 10 billion【134†source】【135†source】.

Arbitrum is a Layer 2 scaling solution for Ethereum, designed to make decentralized applications (DApps) run more efficiently and cost-effectively. Its blockchain aims to reduce the high fees and congestion often seen on Ethereum's mainnet. As more DeFi protocols and decentralized exchanges integrate with Arbitrum, the platform continues to grow in popularity and usability, contributing to its steady demand.

Arbitrum's token, ARB, offers holders governance rights within the platform's decentralized autonomous organization (DAO), enabling users to vote on key decisions related to the network's development【134†source】.