Arbitrum (2024)

FAQs

What is arbitrum used for? ›

Arbitrum is a cryptocurrency network, designed as a scalability solution for the Ethereum blockchain. It is a layer 2 protocol that aims to make Ethereum (ETH) transactions faster and more affordable, thus increasing the network's scalability.

Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 60 (Greed). Arbitrum recorded 13/30 (43%) green days with 11.69% price volatility over the last 30 days. Based on the Arbitrum forecast, it's now a bad time to buy Arbitrum.

Can ARB Coin Reach $100? It is possible, however, Arbitrum needs to rise over 8,000% in the next bull run to reach the $100 milestone. That is unlikely to happen any time soon.

Arbitrum was founded by Ed Felten, formerly President Obama's deputy Chief Technology Officer, Steven Goldfeder (CEO) and Harry Kalodner (CTO). The three co-founders met at Princeton University.

Faster transactions: Transactions on the Arbitrum network move far more quickly than those on the Ethereum mainnet. This makes it a viable option for dApps, such gaming dApps, that need real-time or nearly real-time transactions. Scalable: Arbitrum has the ability to scale to accommodate many transactions.

Top layer 2 blockchains Arbitrum and Optimism make millions in revenue. The profits are a by-product of layer 2s hedging against the ever-changing cost of Ethereum gas fees.

According to our Arbitrum price prediction. The price could reach a maximum of $5.01 by the end of 2025. ARB may cross the $11 mark with a potential high of $11.59 by the end of 2030.

Our list of the next big crypto coins to explode in 2024 (x100 Bull Run) : EarthMeta ($EMT) – AI-driven Metaverse platform for decentralized governance and digital real estate. Folki ($FOLKI) – Meme coin integrating with the metaverse.

Arbitrum, like Ethereum, is permissionless; on both platforms, anybody can deploy any smart contract code they want. Users should treat interacting with contracts on Arbitrum exactly as they do with Ethereum, i.e., they should only do so if they have good reason to trust that the application is secure.

Arbitrum Overview

Our real-time ARB to USD price update shows the current Arbitrum price as $0.791363 USD. Our most recent Arbitrum price forecast indicates that its value will increase by 12.95% and reach $0.893833 by June 23, 2024.

What is the all time high for arbitrum? ›

What Is the Highest Price of ARB? ARB has an all-time high (ATH) of $2.39 , recorded on Jan 12, 2024.

Arbitrum has the largest share across DeFi, while Polygon is preferred by NFT projects.

ARB launched with an supply cap of 10B tokens with a 2% annual inflation rate thereafter.

Arbitrum is also popular because of its compatibility with the Ethereum Virtual Machine (EVM). This compatibility means that developers can use the same programming languages and tools to create applications on Arbitrum that they would use on the Ethereum network.

One such solution is Arbitrum, a layer 2 solution designed to enhance transaction throughput and reduce fees while leveraging Ethereum's established security and decentralization.

Arbitrum offers low transaction costs and faster processing times compared to traditional blockchains. This means that users can execute their crypto transactions more efficiently, without having to worry about high fees or long wait times.

Arbitrum (ARB) is a layer 2 scaling solution for Ethereum, designed to increase the speed and efficiency of transactions on the Ethereum network. It works by processing transactions off-chain, then securely settling them on the Ethereum blockchain.