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Arbitrum ARB |
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$0.7145825 |
-0.95% (24h) |
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Marketcap |
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$3,104,048,281 |
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Volume 24h |
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$317,103,398 |
Description
Arbitrum (ARB) is a Layer 2 scaling solution for Ethereum that aims to improve transaction speeds and reduce costs while maintaining high security. Launched by Offchain Labs, Arbitrum uses Optimistic Rollups to process transactions off-chain and submit them to Ethereum's mainnet. ARB, the platform's native token, is used for governance, staking, and paying transaction fees. Arbitrum seeks to enhance the Ethereum ecosystem by providing a scalable and cost-effective solution for decentralized applications (dApps).