Demand for Arbitrum continues even as trading activity declines

Demand for ARB continued to rise as the number of holders increased.

Transaction fees on the network plateaued signaling the lull in trading activity.

The recent market rally fueled by institutional interest in cryptocurrencies has injected optimism into the popular layer-2 (L2) rollup token, Arbitrum [ARB] as well. The token gained more than 5% since the rally according to CoinMarketCap data, bringing relief from the gloom that pervaded since the U.S. regulators’ onslaught.

Realistic or not, here’s ARB’s market cap in BTC terms

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