Introduction to Arbitrum (ARB)
Arbitrum provides a suite of innovative scaling solutions designed to enhance the Ethereum network. It enables significantly faster transaction speeds and lower costs while preserving Ethereum's foundational security. The native token of the ecosystem, ARB, is used for governance, paying transaction fees, and securing the network.
This guide offers a comprehensive look at ARB's market performance, key statistics, and its role within the rapidly growing Layer 2 landscape.
Key Market Statistics and Data
Understanding the vital metrics is crucial for assessing any digital asset. Here are the latest key figures for Arbitrum (ARB), offering a snapshot of its market position.
- Rank: #59
- Market Capitalization: $1.68 Billion
- Trading Volume (24h): $346.07 Million
- All-Time High (ATH): $13.88 (March 20, 2023)
- Price Change vs. ATH: -97.56%
These metrics are updated frequently and reflect the dynamic nature of the cryptocurrency markets.
ARB Token Supply Details
The supply distribution of a token is a critical factor for investors. ARB has a verified maximum supply, providing clarity on its long-term inflation schedule.
| Supply Metric | Amount (ARB) |
|---|---|
| Circulating Supply | 4.96 Billion |
| Total Supply | 10.00 Billion |
| Maximum Supply | 10.00 Billion |
With a significant portion of the total supply yet to be released into circulation, this is an important factor to monitor for future valuation models. For a deeper dive into tokenomics and release schedules, savvy investors often 👉 explore advanced on-chain analysis tools.
Where to Trade Arbitrum (ARB)
ARB is listed on a wide array of major cryptocurrency exchanges, ensuring high liquidity and ease of access for traders globally. It is commonly traded against stablecoins like USDT and major pairs like WETH.
The highest trading volumes for ARB are typically found on centralized exchanges such as Binance, MEXC Global, and LBank, as well as on decentralized exchanges like Uniswap v3 on the Arbitrum network itself.
Always ensure you are using verified and secure platforms for your transactions.
Technical and Contract Information
For developers and users interacting directly with the Arbitrum smart contracts, having the correct address is essential to avoid loss of funds. Below are the official contract addresses for the ARB token on different networks.
| Network | Contract Address |
|---|---|
| Ethereum | 0xB50721BCf8d664c30412Cfbc6cf7a15145234ad1 |
| Arbitrum | 0x912ce59144191c1204e64559fe8253a0e49e6548 |
| Osmosis | ibc/10E5E5B06D78FFBB61FD9F89209DEE5FD4446ED0550CBB8E3747DA79E10D9DC6 |
The Role and Utility of the ARB Token
The ARB token is fundamental to the operation and security of the Arbitrum ecosystem. Its primary utilities include:
- Governance: ARB holders have the right to vote on proposals that dictate the future development and parameters of the Arbitrum DAO, making it a truly community-governed project.
- Transaction Fees: Gas fees on the Arbitrum network are paid in ARB, creating constant demand for the token as network usage grows.
- Network Security: The token is integral to the security mechanisms that underpin the Layer 2 chain's operation.
Frequently Asked Questions
What is the main purpose of Arbitrum?
Arbitrum is a Layer 2 scaling solution for Ethereum. Its primary purpose is to alleviate network congestion on the Ethereum mainnet by processing transactions off-chain and then posting the data back to Ethereum. This results in much faster speeds and drastically lower transaction fees for users.
How does ARB's current price compare to its all-time high?
As of the latest data, the price of ARB is approximately 97.56% below its all-time high of $13.88, which was reached on March 20, 2023. This is a common occurrence for many cryptocurrencies that experience a significant initial peak before settling into a more stable trading range.
Where is the safest place to buy and store ARB?
The safest way to acquire ARB is through well-established, reputable cryptocurrency exchanges with strong security protocols. For storage, it is highly recommended to withdraw your tokens from the exchange to a self-custody wallet. Options include hardware wallets (like Ledger or Trezor) for maximum security or trusted software wallets that support the Arbitrum network.
What does 'Circulating Supply' mean and why is it important?
Circulating supply refers to the number of tokens that are publicly available and circulating in the market. It is a key metric used to calculate market capitalization (price multiplied by circulating supply). A lower circulating supply relative to the total supply can indicate potential future selling pressure as more tokens are released.
Can I use ARB for anything besides trading?
Absolutely. Beyond its value as a tradeable asset, ARB is primarily used for participating in the governance of the Arbitrum DAO. Owners can delegate their voting power or vote on proposals themselves. It is also used to pay for transaction fees within the Arbitrum ecosystem.
What is the significance of the 'FDV' (Fully Diluted Valuation) metric?
FDV represents the projected market cap if the entire maximum supply of tokens were in circulation at the current price. It helps investors understand the potential future valuation and dilution of the asset. A large difference between market cap and FDV suggests a significant amount of tokens are still to be released. To 👉 get real-time FDV and market cap data, many analysts use specialized platforms.