Arbitrum (ARB) is a cryptocurrency that powers the Arbitrum network, an Ethereum layer-two scaling solution designed to improve the scalability, speed, and cost-efficiency of Ethereum ¹ ². The network uses optimistic rollups to achieve its goals, allowing for higher throughput and lower fees compared to Ethereum ¹ ².$ARB
*Key Statistics:*
- _Market Capitalization:_ $2.32 billion ¹
- _Circulating Supply:_ 3.62 billion ARB ¹
- _Total Supply:_ 10 billion ARB ¹
- _All-Time High:_ $2.39 (January 12, 2024) ²
- _All-Time Low:_ $0.4316 (August 05, 2024) ²
*Token Utility:*
ARB is used for governance, allowing holders to participate in decision-making processes, such as proposing and voting on protocol upgrades or changes ¹ ². It's also used to pay for transaction fees on the Arbitrum network ².
*Arbitrum Features:*
- _Rollup Technology:_ Market-leading rollup technology uses fraud proofs to leverage Ethereum's security and reduce transaction fees ³
- _AnyTrust Chains:_ Designed for apps that require low transaction costs, with a Data Availability Committee that settles on Ethereum ³
- _Orbit Chains:_ Fully permissionless, with dedicated throughput, increased gas fee reliability, and more ³
You can buy ARB on centralized crypto exchanges like Binance, Coinbase, LBank, and WhiteBIT ². Would you like to know more about Arbitrum's technology or potential use cases?