![](\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-06\/09845e73-3b65-460a-b56e-bf3e6c5643e0.jpg\")
<\/p>\nThe 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.<\/p>\n
– ARB token has been in a consistent downturn since its airdrop in March<\/p>\n
– Daily active users, gas fees, and transaction count consistently higher since April 2023<\/p>\n
– Upcoming Cancun-Deneb update on Ethereum will reduce transaction fees on Arbitrum<\/p>\n
– The Arbitrum Foundation has passed on the sequencer’s earnings, totaling 3,352 Ether (ETH), or $5.4 million, to the Arbitrum DAO<\/p>\n
– “Smart money” and funds that accumulated ARB after the airdrop still haven’t sold<\/p>\n
– Funding rates for ARB perpetual swap contracts turned negative after SEC lawsuits against Binance and Coinbase<\/p>\n
– ARB\/USD pair has observed a downward trend since the token’s launch in March<\/p>\n
– ARB broke below May’s low of 0.00057 ETH after the SEC’s lawsuits<\/p>\n
– The upcoming Dencun update on Ethereum and decisions taken by the Arbitrum Foundation will ultimately dictate ARB’s price action.<\/p>\n","protected":false},"excerpt":{"rendered":"
<\/p>\n
Positive Ethereum and Arbitrum network developments and the eventual improvement in crypto investor sentiment could lend a boost to the ARB price. <\/p>\n","protected":false},"author":1,"featured_media":10526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[21],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/posts\/10525"}],"collection":[{"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/comments?post=10525"}],"version-history":[{"count":0,"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/posts\/10525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/media\/10526"}],"wp:attachment":[{"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/media?parent=10525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/categories?post=10525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tokendices.com\/wp-json\/wp\/v2\/tags?post=10525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}