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Arbitrum Price
Arbitrum price

Arbitrum Price(ARB)

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1 ARB =
USD $0.730241
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Last updated 2024/07/15 10:58 (UTC)
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$ 0.730241
+2.97%
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Page last updated: 2024-07-15 10:58 (UTC+0)
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Price of ARB today

The live price of Arbitrum is $ 0.730241 per (ARB / USD) with a current market cap of $ 2.36B USD. 24-hour trading volume is $ 166.79M USD. ARB to USD price is updated in real-time. Arbitrum is +2.97% in the last 24 hours with a circulating supply of 3.23B.
ARB Price History USD
Date ComparisonAmount Change% Change
Today$ 0.021081+2.97%
30 Days$ -0.191547-20.78%
60 Days$ -0.254091-25.81%
90 Days$ -0.396242-35.18%

ARB Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.701357
High: $ 0.744563
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 2.397492
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.61%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+2.97%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+8.63%
The percent change in trading volume for this asset compared to 7 days ago.

ARB Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#41
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 2.36B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 166.79M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
3.23B
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 7.30B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About Arbitrum (ARB)

Arbitrum is a layer-2 scaling solution designed to address the congestion issues faced by the Ethereum network. Developed by New York-based company Offchain Labs, Arbitrum focuses on improving the validation of smart contracts. By doing so, it aims to increase transaction throughput while maintaining the security of the Ethereum mainnet.

The platform employs a technique called "transaction rollups" to achieve this goal. In essence, transaction rollups involve bundling transactions and records, validating them on the layer-2 network, and then moving the data to the layer-1 mainnet – in this case, Ethereum. This process reduces congestion on the mainnet by offloading some of the computational burdens to the layer-2 network.

Arbitrum compensates nodes, known as aggregators, that actively validate smart contracts running on the Arbitrum chain. These nodes receive rewards in ETH and are responsible for adding blocks to the Ethereum mainnet.

Recently, The Arbitrum Foundation is facing criticism over its handling of the $1 billion AIP-1 proposal, with concerns about transparency and community input. AIP-1 aims to allocate ARB tokens to a foundation-controlled wallet for distribution to developers, users, and investors. However, fears of centralization and decision-making issues have prompted calls for increased transparency and community involvement in Arbitrum's governance.

Arbitrum's native token, ARB, plays a pivotal role in the platform's ecosystem. ARB serves various purposes, including securing the network, providing incentives, and facilitating transactions. The live price of ARB is available and updated on Binance.

People Also Ask: Other Questions About Arbitrum

  1. What is Arbitrum (ARB) Used For?

    ARB is an essential component of the Arbitrum ecosystem, serving multiple functions such as securing the network, incentivizing users and developers, and enabling efficient transactions. The utility of ARB includes:

    1. ARB secures the Arbitrum network through staking, as validators must hold tokens to maintain the platform's integrity, discouraging malicious behavior.

    2. The token incentivizes users and developers by rewarding validators for their work, while also allowing users to earn ARB through participation in Arbitrum ecosystem activities.

    3. ARB facilitates transactions with lower fees and faster speeds compared to Ethereum, improving the user experience, especially for DeFi applications.

  2. Who are the Founders of Arbitrum (ARB)?

    Arbitrum is the creation of Offchain Labs, a development company based in New York. The founders of Offchain Labs are Ed Felten, Steven Goldfeder, and Harry Kalodner – all former Princeton University researchers with extensive expertise in computer science, cryptography, and blockchain technology.

  3. What is the Maximum Token Supply of Arbitrum (ARB)?

    The total supply of ARB tokens is capped at 10 billion. The token allocation is distributed as follows:

    Arbitrum DAO treasury: 42.78% (4.278 billion)
    Offchain Labs teams and advisors: 26.94% (2.694 billion)
    Investors: 17.53% (1.753 billion)
    Airdrop to users: 11.62% (1.162 billion)
    Airdrop to DAOs: 1.13% (113 million)

  4. What is the Arbitrum Airdrop and How Does it Help Arbitrum Transition to DAO?

    Arbitrum, a decentralized crypto platform, has been under Offchain Labs' control since its August 2021 launch. The introduction of the native ARB governance token aimed to shift control to the community. The Arbitrum Foundation distributed ARB tokens through a March 23, 2023 airdrop, with investor and team tokens subject to a 4-year vesting period. However, 2.7 billion tokens were transferred despite vesting, sparking community backlash and concerns over the platform's governance.

  5. What Makes Arbitrum (ARB) Different From Others?

    Arbitrum stands out from other Ethereum scaling solutions by using optimistic rollups. The platform claims to offer several advantages over competing rollup solutions, including:

    1. Compatibility: Arbitrum supports unmodified Ethereum Virtual Machine (EVM) contracts and transactions. This means that any existing Ethereum DApp can run on Arbitrum without the need for code changes.

    2. Scalability: Arbitrum can process thousands of transactions per second, with low fees and fast finality, while maintaining the security guarantees provided by Ethereum.

    3. Flexibility:Arbitrum enables developers to deploy programs written in popular programming languages such as Rust, C++, and more using Stylus, its upcoming EVM+ equivalence feature.

    4. Decentralization: Unlike some other solutions, Arbitrum does not rely on a centralized operator or sequencer to order transactions. Instead, it uses a decentralized network of validators who stake ARB tokens and earn fees for securing the network.

  6. How to Buy an Arbitrum (ARB) Token?

    ARB can be purchased directly from Binance by using a debit or credit card. ARB can also be traded for other cryptocurrencies on the Binance Exchange. Live ARB price is updated in real-time on the Binance Exchange. Additionally, ARB price and purchase information is available for users on our How to Buy Arbitrum (ARB) Guide.

ARB to Local Currency

FiatPriceOperation
1 ARB to USD$ 0.730241
1 ARB to TRY$ 0.730241
1 ARB to RUB$ 0.730241
1 ARB to EUR$ 0.730241
1 ARB to AED$ 0.730241
1 ARB to AUD$ 0.730241
1 ARB to BRL$ 0.730241
1 ARB to VND$ 0.730241
1 ARB to IDR$ 0.730241
Last updated 2024/07/15 10:58 (UTC)

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