Arbitrum (ARB) USD Price

Arbitrum Price Data

Arbitrum (ARB) currently has a price of $1.04 and is down -1.64% over the last 24 hours. The cryptocurrency is ranked 45 with a market cap of $2.8B. Over the last 24 hours, it saw $281.1M of trading volume. The token has a circulating supply of 2.7B tokens out of a total supply of 10B tokens.

Arbitrum, developed by Offchain Labs, is an Ethereum Layer 2 blockchain rollup technology. Its main advantage is enabling high-performance, cost-effective Ethereum transactions while simplifying the development process for Ethereum developers by abstracting the complexities of Layer 2 technology. By employing rollup technology, Arbitrum consolidates multiple transactions into a single one, leading to reduced fees and faster transaction speeds for users.