$ARB is up 13.36% on the week, and the number behind it is $136,000 in fee revenue from PGA's first week live.
That's Arbitrum's own claim, not something I verified. They also say about half of all transactions included priority fees. People paying extra to cut the line is the first sign of real blockspace demand I've seen on this chain in a while.
The second piece is Loafmarkets bringing a tokenized portfolio of Australian solar and battery infrastructure to Arbitrum One, again per the project. Real assets, not another farm. What smells: $136,000 in a week is small, and it's all self-reported.
People are paying to jump the queue, and that's the whole bull case.
$ARB trades at $0.2019 right now. If it holds $0.196, the 24h low, I think the week's run keeps going and takes out $0.2051 next. If it loses $0.196, I'm wrong on this and there's nothing to defend, and anyone already long should cut it instead of hoping.
Holding $0.196 or losing it?
follow me for more calls like this.
That's Arbitrum's own claim, not something I verified. They also say about half of all transactions included priority fees. People paying extra to cut the line is the first sign of real blockspace demand I've seen on this chain in a while.
The second piece is Loafmarkets bringing a tokenized portfolio of Australian solar and battery infrastructure to Arbitrum One, again per the project. Real assets, not another farm. What smells: $136,000 in a week is small, and it's all self-reported.
People are paying to jump the queue, and that's the whole bull case.
$ARB trades at $0.2019 right now. If it holds $0.196, the 24h low, I think the week's run keeps going and takes out $0.2051 next. If it loses $0.196, I'm wrong on this and there's nothing to defend, and anyone already long should cut it instead of hoping.
Holding $0.196 or losing it?
follow me for more calls like this.
