In a notable turn of events, the alternative cryptocurrency ARB is making waves, continually setting new records amidst the overall upward market trend.
Over the past 24 hours, ARB has surged by an impressive 9%, hinting at the potential for substantial returns for investors in its native token. This surge not only reflects the token’s strength but also underscores the confidence investors have in the Arbitrum ecosystem.
A significant development within the Layer-2 ecosystem, Arbitrum One’s Total Value Locked (TVL) has witnessed a remarkable 15.9% increase, reaching a substantial US$10.22 billion in just the past week, according to data from L2Beat.
Arbitrum ARB Now Enjoys Beings The First Layer-2 Network To Surpass $10B TVL
This milestone positions Arbitrum One as the first Layer-2 network to surpass a TVL of US$10 billion. Breaking down the assets within Arbitrum, ETH constitutes 30.9%, ARB comprises 23.68%, stablecoins make up 29.66%, and the remaining 15.76% consists of other assets.
According to L2Beat, Arbitrum One TVL increased by 15.9% to US$10.22 billion in the past seven days, becoming the first L2 network with TVL exceeding US$10 billion. Among the assets of Arbitrum, 30.9% are ETH, 23.68% are ARB, 29.66% are stablecoins, and 15.76% are others. ARB has…
— Wu Blockchain (@WuBlockchain) January 3, 2024
The platform’s scalability and cost-effectiveness have been underscored by the diverse range of assets it has attracted, including a notable presence of altcoins like ETH and stablecoins.
The appeal of Arbitrum One as a major player in the search for scalable and efficient blockchain solutions is solidified by the considerable success of the ARB coin.
In essence, Arbitrum One has emerged as a key player in the ongoing quest for effective blockchain solutions, driven by the remarkable success of the ARB token.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.