Arbitrum Price (ARB)

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$0.7968-0.94%1D
Uphold
ARB
USD
1 ARB =$0.7968Last updated:
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Price of Arbitrum (ARB) today

As of the latest data, Arbitrum (ARB) is currently priced at $0.7969 with a market capitalization of $3.27B. The 24-hour trading volume stands at $335.27M, The circulating supply of Arbitrum is approximately 2.90B. The cryptocurrency has seen a -1.64% decrease in value over the past 24 hours.

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About Arbitrum (ARB)

Arbitrum, with the symbol ARB, is a digital asset with a focus on providing innovative solutions in the blockchain space. While specific details about its features and technology are not provided, it is clear that Arbitrum aims to leverage cutting-edge technologies to enhance its functionality and utility. The asset's main use case likely revolves around enabling efficient and secure transactions within the blockchain ecosystem, potentially addressing scalability and interoperability challenges that exist in the industry. With a logo version 1 and an updated timestamp of 1,680,537, Arbitrum seems to be actively evolving and adapting to meet the demands of the ever-changing crypto landscape. Its associated image, available at a link provided, showcases a visual representation of the asset, possibly hinting at its branding and design aesthetics.

How does Arbitrum work?

Arbitrum is a decentralized platform that operates on a peer-to-peer network, allowing users to engage in trustless transactions without the need for intermediaries. It is built on blockchain technology, specifically Ethereum, leveraging smart contracts to facilitate secure and efficient exchanges. Arbitrum utilizes a unique consensus mechanism known as Optimistic Rollup, which enables fast and scalable transactions by batching them off-chain before settling on the main Ethereum network. This approach significantly reduces gas fees and enhances overall performance. One of Arbitrum's key features is its ability to support a wide range of use cases, including decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming applications. Its versatility and interoperability make it a valuable tool for developers looking to build innovative solutions across various industries, offering a more inclusive and accessible financial ecosystem compared to traditional systems.

How to keep your Arbitrum (ARB) safe?

To keep your Arbitrum (ARB) safe, it is recommended to utilize hardware wallets such as Ledger for enhanced security measures. These wallets provide an extra layer of protection by storing your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like Nexo, Coinbase, and YouHodler offer secure storage options and insurance coverage to safeguard your assets. By diversifying your storage methods and utilizing reputable platforms, you can better protect your Arbitrum holdings from potential threats.

Sentiment about Arbitrum (ARB)

Social media platforms are indicating a positive sentiment towards Arbitrum. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:

• Reddit posts show 86%

• YouTube videos show 87%

• TikTok videos show 87%

• On X (formerly Twitter), sentiment towards Arbitrum varies. Approximately 51.56% of tweets express bullish sentiment, 3.4% express bearish sentiment, and 45.04% remain neutral. These sentiments are based on 2.17M tweets.

These findings are based on a total of 2.22M interactions over the last 24 hours, involving 1.97K unique social contributors to the topic.

This aligns with Arbitrum's market performance; it is currently priced at $0.81 with a market capitalization of $3.27B.

In addition, in the last 24 hours, the price increased by 1.02%. Market data suggests a bullish sentiment, indicating a positive outlook for the cryptocurrency.

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