Live ARB USD price chart to study emerging patterns and price momentum.
Chart references Arbitrum price ARB USD live from Binance exchange. Arbitrum token ARB is available in Binance, KuCoin, Kraken and more.
About Arbitrum:
Arbitrum is a trustless, permissionless Layer 2 protocol that uses underlying base layer of Ethereum blockchain for data availability and inherit its security guarantees. Layer 2 solutions aim to increase scalability and reduce the cost of transactions on Ethereum’s Layer 1 without introducing additional trust assumptions.
Arbitrum utilizes optimistic rollup technology. It collects batches of transactions and settles them on a sidechain before sending to Ethereum network as one transaction, to save on gas fees. A number of the decentralized finance – DeFi – applications such as AAVE, Balancer, Band Protocol, Curve, Sushiswap and Uniswap are using Arbitrum to increase throughput and lower fees for their users.
Utility of ARB token:
- $ARB is an ERC-20 governance token for the Arbitrum ecosystem. It allows $ARB holders to participate in the Arbitrum DAO’s on-chain governance protocol and shape Arbitrum’s future together.
- Token holders control protocol upgrades, funds allocation, and election of a Security Council who can perform emergency upgrades.
PS: Cryptocurrency markets including Arbitrum – ARB are highly volatile and can experience sudden and significant price fluctuations in short period. The price of Arbitrum pair – ARB USD, like any other cryptocurrency is influenced by various factors such as market sentiment, adoption rate, regulatory developments, and competition from other cryptocurrencies. Therefore, investing in cryptocurrencies is a risky venture, and it’s important to do your own research and exercise caution when making investment decisions.
