TokenDices

  • Market Cap: $2,551,170,915,943.09
  • 24h Vol: $78,704,057,768.53
  • BTC Dominance: 51.54%
An ARB price reversal may be triggered by Ethereum network upgrade and increase in active users on Arbitrum.

An ARB price reversal may be triggered by Ethereum network upgrade and increase in active users on Arbitrum.

The ARB token has been in a consistent downturn since its airdrop in March, but the ecosystem shows healthy growth, with daily active users, gas fees, and transaction count consistently higher since April 2023. The upcoming Cancun-Deneb update on Ethereum will reduce transaction fees on Arbitrum, increasing the blockchain’s value proposition. The Arbitrum Foundation has passed on the sequencer’s earnings, totaling 3,352 Ether (ETH), or $5.4 million, to the Arbitrum DAO, potentially creating yields for ARB holders.

– ARB token has been in a consistent downturn since its airdrop in March

– Daily active users, gas fees, and transaction count consistently higher since April 2023

– Upcoming Cancun-Deneb update on Ethereum will reduce transaction fees on Arbitrum

– The Arbitrum Foundation has passed on the sequencer’s earnings, totaling 3,352 Ether (ETH), or $5.4 million, to the Arbitrum DAO

– “Smart money” and funds that accumulated ARB after the airdrop still haven’t sold

– Funding rates for ARB perpetual swap contracts turned negative after SEC lawsuits against Binance and Coinbase

– ARB/USD pair has observed a downward trend since the token’s launch in March

– ARB broke below May’s low of 0.00057 ETH after the SEC’s lawsuits

– The upcoming Dencun update on Ethereum and decisions taken by the Arbitrum Foundation will ultimately dictate ARB’s price action.