3 reasons why Arbitrum (Arb) has increased by 20 % today
3 reasons why Arbitrum (Arb) has increased by 20 % today
Despite a chaotic governance dispute, the native token from Arbitrum-Arb-has proven to be one of the most powerful assets. The latest increase of more than 20 % in the last 24 hours pressed the price to $ 1.573. During the same period, the trade volume rose from 204 % to almost $ 2 billion.
From the accumulation of whales to increasing the benefit and the market share, Arb seems to be on an interest bully course.
arc accumulation frenzy
There is an interesting whale that used the price increase as an opportunity to redeem by bought 1.49 million ARB with 1,057 ETH (worth around $ 2.24 million) on April 14 with an average purchase price of $ 1.5. Corresponding to 1/an intelligent whale bought 1.49 m $ arc with 1.057 $ ETH ($ 2.24 million) today, with an average purchase price of $ 1.5
It is worth keeping this whale in mind.
a total of 23 tokens, 15 token of which are profitable, with a profit rate of 65 %.
The total profit exceeds $ 7.3 million! pic.twitter.com/8o7ue43ldn
- Lookonchain (@lookonchain) 14. April 2023
According to further investigations, the on-chain analyst found that the whale acted a total of 23 tokens, 15 of which are profitable, with a profit rate of 65 %, which increases the total profit to a whopping $ 7.3 million. Whales have continuously bought Arbitrum token, one of them was Andrew Kang from Mechanism Capital, who had collected 1.51 million AR at $ 1.23 with almost 1.85 million USDC.Arb service program
On the user side, the Arbitrum sequencer also generates cash flows for the state treasury, which give the token a value, even if they are not distributed. Messari's data show sales of $ 10 million in the first quarter of 2023 with a profit of $ 3.7 million. The profits are flowed into the DAO of Arbitrum, Arbitrumdao, managed by the community.
On the other hand, is expected that the income will improve with increasing acceptance. In this respect, Messari researcher Kunal Goel
"When investing counts growth. Although this is not yet the case, the sequencer can also record MEV in the future. Decentralized sequencing and $ Arb-Staking will block and offer security." arbitrum has managed to outperform its top competitors from Ethereum L2. The latest data show that it has exceeded optimism for almost all important key figures and has conquered the market share of another popular Layer 2 blockchain, which promises reduced fees and improved Ethereum compatibility. The AIP-1 debacle has raised several questions, but the level of acceptance of the Layer 2 scaling solution from Ethereum was enormous. The Arbitrum TVL is located near its ATH of $ 2.31 billion, while the $ 949.21 million led by Optimism. With a surcharge of only 20 %, the researcher further found that Arb "was clearly undervalued in comparison to surgery". . arbitrum dominates Layer-2-ecosystem