Arbitrum is a layer-2 solution for the Ethereum blockchain. The protocol is a rollup and is secured by the Ethereum blockchain, but has its own governance token to give the community voting rights on important changes to the protocol. Arbitrum wants to make Ethereum transactions faster and cheaper. Here they have succeeded quite well, making it cost just 20 cents to perform a transaction. This is many times cheaper than transactions via Ethereum itself. With a daily trading volume of $500 million, Arbitrum is currently the second-largest DeFi platform after Ethereum.
Arbitrum is a layer-2 solution on Ethereum's blockchain that makes executing transactions faster and cheaper.
The ARB token was launched on 23 March 2023 as a governance token.
Arbitrum is a rollup on the Ethereum blockchain, meaning the network is secured by Ethereum and Ethereum gas fees are paid on every transaction.
Arbitrum statistics from the last 24 hours
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