What is Arbitrum (ARB)? (2024)

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.

What is Arbitrum (ARB)?

Arbitrum is a Layer-2 blockchain designed to scale Ethereum, developed by Offchain Labs.

Arbitrum - in their own words

Arbitrum is an Ethereumlayer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.

Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO.

ARB utility?

ARB is the native token of the Arbitrum Network and is used for governance. Holders of ARB are able to vote on proposals that may impact features, protocol upgrades, fund allocation, and election of a Security Council. The Security Council is a group of 12 members elected by Arbitrum DAO participants, and are responsible for addressing risks within the Arbitrum ecosystem.

What does this mean for USDC?

Arbitrum USDC is easily accessible for exchanges, fintechs, institutional traders, and developers via the Circle Account and Circle APIs, enabling several use cases:

Near instantaneous programmatic payments, anywhere in the world.
Trading, borrowing, lending etc. through blockchain applications.
Payments for e-commerce, NFT marketplaces, gaming, and more.

When using the Arbitrum Network, users also benefit from the faster transactions and lower fees associated with the layer-two network. For more on Arbitrum, check out their Medium page here.

NOT FINANCIAL ADVICE

Please note that Uphold and its affiliates do not provide investment, tax, or legal advice. This message is for informational purposes only and takes no account of particular personal or market circ*mstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors. Note that digital assets such as cryptocurrencies present unique risks for investors. Please see our disclaimer regarding risks specific to holding digital assets before investing.

FAQs

What is arbitrum arb? ›

What is Arbitrum (ARB)? Arbitrum is a Layer-2 blockchain designed to scale Ethereum, developed by Offchain Labs. Arbitrum was founded by Ed Felten, formerly President Obama's deputy Chief Technology Officer, Steven Goldfeder (CEO) and Harry Kalodner (CTO). The three co-founders met at Princeton University.

Read On ›

What is the arb currency? ›

ARB is the utility token of Arbitrum, an Ethereum layer-2 network.

Discover More Details ›

What can I do with an ARB token? ›

If you own $ARB tokens, you can vote on governance proposals that affect the operation and evolution of the Arbitrum One and Arbitrum Nova chains.

What is the use case of ARB? ›

Arbitrum's primary use case lies in its role as a layer 2 scaling solution for the Ethereum blockchain. It addresses Ethereum's scalability challenges by enabling faster and cheaper transactions while maintaining compatibility with existing Ethereum smart contracts and applications.

See Details ›

What is an arb wallet? ›

Guarda Wallet offers a secure and user-friendly platform for managing cryptocurrencies and tokens in a non-custodial manner, including Arbitrum crypto.

Find Out More ›

Is ARB a good investment? ›

With a market capitalization of around $1.6 billion, ARB is currently ranked among the top 50 cryptocurrencies by market capitalization. In the ETH Layer 2 market, it is the second-largest project after Polygon, which has a market capitalization of $3.8 billion.

Tell Me More ›

How much is 1 arb in dollars? ›

The current value of 1 ARB is $0.52 USD.

Show Me More ›

How much is one arb? ›

ARB to USD Chart

Arbitrum (ARB) is worth $0.5195 today, which is a 0.1% decline from an hour ago and a 2.6% increase since yesterday. The value of ARB today is 2.3% lower compared to its value 7 days ago. In the last 24 hours, the total volume of Arbitrum traded was $195,649,832.

Explore More ›

How much is an ARB worth? ›

The current Arbitrum price is $0.51. In the last 24 hours Arbitrum price moved -5.58%. The current ARB to USD conversion rate is $0.51 per ARB.

How do I get ARB coins? ›

You can buy Arbitrum (ARB) via KuCoin Fast Trade and on the Spot Market. After completing your Identity Verification, you can buy Arbitrum (ARB) using your credit/debit card, or any other supported payment methods on KuCoin Fast Trade.

Show Me More ›

How many ARB coins are there? ›

Arbitrum (ARB) Tokenomics

There is a total and max supply of 10 billion ARB tokens, with a market cap of over $1.5 billion and a 24-hour trading volume of over $680 million. The current circulating supply is more than 1.2 billion ARB tokens.

Read The Full Story ›

Can you cash out a token? ›

Once the tokens are in your exchange account, you can sell them for fiat currency (such as USD, EUR, etc.) through the exchange's trading platform. The specific steps for this will vary depending on the exchange. Please contact the support of the exchange if you run into issues selling your tokens.

See Details ›

What is the use of ARB? ›

Angiotensin receptor blockers (ARBs), also known as angiotensin II receptor antagonists, are used to treat high blood pressure and heart failure. They are also used for chronic kidney disease and prescribed following a heart attack.

Get More Info Here ›

What is the purpose of the ARB? ›

The Architects Registration Board (ARB) regulates the architects' profession in the UK to ensure that good standards of conduct and practice are consistently maintained.

What is the most used ARB? ›

Angiotensin II receptor blocker medications (ARBs) treat high blood pressure. Losartan (Cozaar) is the most commonly used ARB. But there are other options, including olmesartan (Benicar), telmisartan (Micardis), and valsartan (Diovan).

What is the use of ARB in crypto? ›

The ARB token, used for governance, allows holders to vote on proposals that affect the features, protocol upgrades, funds allocation, and election of a Security Council, thereby influencing the future direction of the Arbitrum ecosystem.

View Details ›

How to convert ARB ETH to ETH? ›

How to convert Arbitrum to Ethereum

Create your free. Kraken account. You can trade ARB on Kraken with as little as $10.
Connect your. funding method. Link your card or bank account.
Convert. ARB to ETH. Choose from cryptocurrencies.

How do I check my eligibility to claim $ARB? ›

Open your Arbitrum wallet, switch to the browser page and click “Arbitrum airdrop”. 2. Click "CONNECT WALLET" - "WalletConnect" - "imToken" and approve the DApp to connect to your wallet. Then click "CHECK ELIGIBILITY" to check the number of your claimable $ARB.

Learn More ›

What is the difference between ARB One and ARB Nova? ›

While Arbitrum One implements the purely trustless Rollup protocol, Arbitrum Nova implements the mostly trustless AnyTrust protocol. They key difference between Rollup and AnyTrust is that the AnyTrust protocol introduces an additional trust assumption in the form of a data availability committee (DAC).

Discover More Details ›