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Arbitrum ARB |
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£0.2416243 |
-7.73% (24h) |
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Marketcap |
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£1,199,239,135 |
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Volume 24h |
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£221,468,151 |
Description
Arbitrum (ARB) is a Layer 2 scaling solution for Ethereum that aims to improve transaction speeds and reduce costs while maintaining high security.
Launched by Offchain Labs, Arbitrum uses Optimistic Rollups to process transactions off-chain and submit them to Ethereum's mainnet.
ARB, the platform's native token, is used for governance, staking, and paying transaction fees.
Arbitrum seeks to enhance the Ethereum ecosystem by providing a scalable and cost-effective solution for decentralized applications (dApps).