What is Arbitrum (ARB)? (2024)

FAQs

What is arbitrum arb? ›

What is Arbitrum (ARB)? Arbitrum is a Layer-2 blockchain designed to scale Ethereum, developed by Offchain Labs. 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.

ARB is the utility token of Arbitrum, an Ethereum layer-2 network.

If you own $ARB tokens, you can vote on governance proposals that affect the operation and evolution of the Arbitrum One and Arbitrum Nova chains.

Arbitrum's primary use case lies in its role as a layer 2 scaling solution for the Ethereum blockchain. It addresses Ethereum's scalability challenges by enabling faster and cheaper transactions while maintaining compatibility with existing Ethereum smart contracts and applications.

Guarda Wallet offers a secure and user-friendly platform for managing cryptocurrencies and tokens in a non-custodial manner, including Arbitrum crypto.

With a market capitalization of around $1.6 billion, ARB is currently ranked among the top 50 cryptocurrencies by market capitalization. In the ETH Layer 2 market, it is the second-largest project after Polygon, which has a market capitalization of $3.8 billion.

The current value of 1 ARB is $0.52 USD.

ARB to USD Chart

Arbitrum (ARB) is worth $0.5195 today, which is a 0.1% decline from an hour ago and a 2.6% increase since yesterday. The value of ARB today is 2.3% lower compared to its value 7 days ago. In the last 24 hours, the total volume of Arbitrum traded was $195,649,832.

The current Arbitrum price is $0.51. In the last 24 hours Arbitrum price moved -5.58%. The current ARB to USD conversion rate is $0.51 per ARB.

You can buy Arbitrum (ARB) via KuCoin Fast Trade and on the Spot Market. After completing your Identity Verification, you can buy Arbitrum (ARB) using your credit/debit card, or any other supported payment methods on KuCoin Fast Trade.

How many ARB coins are there? ›

Arbitrum (ARB) Tokenomics

There is a total and max supply of 10 billion ARB tokens, with a market cap of over $1.5 billion and a 24-hour trading volume of over $680 million. The current circulating supply is more than 1.2 billion ARB tokens.

Once the tokens are in your exchange account, you can sell them for fiat currency (such as USD, EUR, etc.) through the exchange's trading platform. The specific steps for this will vary depending on the exchange. Please contact the support of the exchange if you run into issues selling your tokens.

Angiotensin receptor blockers (ARBs), also known as angiotensin II receptor antagonists, are used to treat high blood pressure and heart failure. They are also used for chronic kidney disease and prescribed following a heart attack.

The Architects Registration Board (ARB) regulates the architects' profession in the UK to ensure that good standards of conduct and practice are consistently maintained.

Angiotensin II receptor blocker medications (ARBs) treat high blood pressure. Losartan (Cozaar) is the most commonly used ARB. But there are other options, including olmesartan (Benicar), telmisartan (Micardis), and valsartan (Diovan).

The ARB token, used for governance, allows holders to vote on proposals that affect the features, protocol upgrades, funds allocation, and election of a Security Council, thereby influencing the future direction of the Arbitrum ecosystem.

Open your Arbitrum wallet, switch to the browser page and click “Arbitrum airdrop”. 2. Click "CONNECT WALLET" - "WalletConnect" - "imToken" and approve the DApp to connect to your wallet. Then click "CHECK ELIGIBILITY" to check the number of your claimable $ARB.

While Arbitrum One implements the purely trustless Rollup protocol, Arbitrum Nova implements the mostly trustless AnyTrust protocol. They key difference between Rollup and AnyTrust is that the AnyTrust protocol introduces an additional trust assumption in the form of a data availability committee (DAC).