Why Is Arbitrum (ARB) Down 68% In 7 Months?
The value of Arbitrum, the native currency of Ethereum’s layer-2 solution Arbitrum, has experienced a significant decline of 68% since its peak in January 2024. However, encouraging on-chain advancements suggest that Arbitrum now holds the highest amount of total value locked (TVL) and is filled with significant potential. Around 48% of Ethereum bridging assets are sent via Arbitrum, demonstrating its technological proficiency in resolving the scalability issues that affect the