๐ช DISCOVER ARB TOKEN ๐ฐ The Arbitrum Revolution in Ethereum Scaling.
The ARB token is the native cryptocurrency of Arbitrum, a layer 2 scaling solution for Ethereum, launched in March 2023.
Its total supply is 10 billion tokens, of which approximately 1.275 billion are in circulation, representing about 12% of the total.
Currently, its market capitalization is approximately $1.42 per token.
Uses and benefits:
- Facilitates transactions within the Arbitrum ecosystem.
- Allows holders to participate in decentralized governance through voting in the DAO.
- Incentivizes developers to build decentralized applications (dApps) on the network.
Arbitrum uses optimistic rollup technology, significantly improving scalability and reducing transaction fees.
Users can conduct transactions at an average cost of just two cents, compared to the high costs on Ethereum.
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