Surge In On-Chain Activity For Arbitrum As Whales Intensify Trading

• Arbitrum ($ARB) network uses optimistic rollups and has a high trading volume of $1.4 billion.
• $ARB tokens have a market cap of $1.7 billion and may experience high volatility.
• Prominent DeFi ecosystems like Uniswap V3 and AAVE V3 have launched on Arbitrum, and Sector Finance experienced considerable growth.

The Arbitrum network, which utilizes optimistic rollups to enable high throughput as an Ethereum layer 2 scaling solution, has captured the interest of cryptocurrency traders following its highly publicized airdrop.

As per the most recent market data, the daily trading volume for Arbitrum (ARB) on Friday was roughly $1,397,327,284. The token is currently being traded on various platforms, including Binance, OKX, Bybit, Bitrue, and BTCEX.

Moreover, it is worth noting that the $ARB tokens currently possess a market capitalization of around $1.7 billion, indicating that they may experience significant volatility in the upcoming weekend and weeks to come.

Defillama’s compiled data shows that the Arbitrum network ranks fourth in terms of total value locked, coming after Ethereum, Tron, and Bi…

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