ARB (Arbitrum) fell 2.61% in the last 24 hours.

Gate News Bot news, on October 22, according to CoinMarketCap, as of the time of writing, ARB (Arbitrum) is currently priced at 0.31 USD, having fallen by 2.61% in the last 24 hours, with a high of 0.35 USD and a low of 0.29 USD. The 24-hour volume reached 234 million USD. The current market capitalization is approximately 1.706 billion USD, a decrease of 45.6468 million USD compared to yesterday.

Arbitrum is a powerful Layer 2 scaling solution designed to make blockchain technology more inclusive and sustainable while ensuring security. ARB, as the native token of Arbitrum, offers advantages such as fast and low-cost transaction confirmations, inheriting Ethereum's security, and compatibility with existing Ethereum tools and applications. The Arbitrum Foundation is committed to promoting the development and governance of Arbitrum technology and fostering the growth and success of the ecosystem.

Important news about ARB recently:

1️⃣ Arbitrum attracts a large influx of funds In the past 7 days, the Arbitrum network recorded a total net inflow of $1.8 billion, ranking first among all chains. Among them, approximately $1.46 billion came from Hyperliquid, indicating that a large amount of funds flowed into Arbitrum through cross-chain bridges. This flow of funds may reflect an increasing confidence among investors in the Arbitrum ecosystem.

2️⃣ Arbitrum user base highly overlaps with Ethereum Data shows that approximately 10.9 million wallets that have used Arbitrum have also used Ethereum, second only to Polygon's 11.83 million. This data reflects the close connection between Arbitrum and the Ethereum ecosystem, as well as its popularity as a Layer 2 solution.

3️⃣ Arbitrum ecosystem continues to expand The applications on the Arbitrum platform continue to diversify. For example, Robinhood has tokenized 500 US stocks and ETFs on Arbitrum for EU users, which will bring more users and volume to Arbitrum. In addition, the Chinese decentralized contract trading platform Sun Wukong has also expanded to Arbitrum, further increasing the platform's diversity.

Despite the strong development momentum of the Arbitrum ecosystem, the ARB price has still fallen. This may be due to the overall sentiment in the cryptocurrency market, and investors need to closely monitor market trends and the fundamental developments of the project.

This message does not constitute investment advice; investors should be aware of market volatility risks.