Arbitrum (ARB) has notably impacted Ethereum’s scalability, and analysts expect it to continue playing an essential role in the growth of blockchain-based applications and the broader Ethereum ecosystem. Yet, as the short-lived increase in the Arbitrum (ARB) trading volume dies down, investors turn their heads over to a game-changing altcoin – one that is set to revolutionize the lending industry.
What Is Arbitrum (ARB)?
Offchain Labs developed Arbitrum (ARB) in 2018. It is a layer 2 scaling solution for Ethereum that aims to improve the network’s scalability and speed while reducing transaction costs.
Arbitrum (ARB) uses the Optimistic Rollups technology to bundle multiple transactions together off the main Ethereum chain, thus improving the overall performance.
Is Arbitrum (ARB) A Viable Investment?
In the last few days, Arbitrum (ARB) surpassed Bitcoin in transaction fees and BNB in trading volume. Arbitrum (ARB) reached an all-time high in the number of users, currently at 5 million.
However, after Arbitrum’s (ARB) boom, the ARB token is facing price reductions. At the time of writing, Arbitrum's (ARB) price is at $1.32, down by 0.43%, Arbitrum’s market cap, currently down by 0.24%, and trading volume, currently down by 29.09%.
Arbitrum (ARB) investors and analysts predict its price to rise by a dollar by the end of this year, but many are also selling their ARB coins after the recent boom it experienced.