Buying Arbitrum (ARB) is easy!

Why buy Arbitrum?

There are many reasons to buy Arbitrum (ARB)! Price is not the only element worthy of consideration when it comes to innovative projects such as this. Arbitrum is currently the crypto world’s fourth most-used blockchain, with an internally locked value (TVL) of around $2.21 billion. The Arbitrum token (ARB) is indispensable to participate in the governance of the protocol and thus to express an opinion on the most important decisions for the future of its blockchain. 

ARB was distributed with an airdrop on 23 March 2023 to all those who have interacted with Layer 2 in the previous months and years. The price of Arbitrum (ARB) on the day of the launch went from $0.5 to $1.6 in a few hours. Arbitrum’s all-time high (ATH), the highest price it has ever reached, is $1.82, touched by the ARB token on 18 April 2023. 

On the Layer 2 blockchain are all the most popular decentralised Ethereum applications, such as Uniswap, Sushiswap and Aave. However, there are also a number of native DeFi platforms, the most famous of which are GMX, a decentralised exchange that allows trading via perpetual futures, and Treasure DAO (MAGIC) an NFT marketplace geared towards gaming. 

So why buy Arbitrum? ARB’s price may not be the only variable to consider. It is also worth evaluating the usefulness of its blockchain and its technological value.

What is Arbitrum?

Arbitrum is a scalability solution for Ethereum, i.e. one of its secondary networks (Layer 2 blockchain) that allows transactions to be executed more efficiently and cost-effectively. The network was created in 2018 by Off Chain Labs, a New York-based startup founded with the aim of developing scalability solutions for Web3. Arbitrum uses a technology called optimistic rollup to group transactions into ‘batches’ and execute them on its network. 

Subsequently, these transaction aggregates are sent to the main blockchain (Ethereum) where they are then processed as a single transfer and registered in a blockchain. In this way, Arbitrum makes it possible to process transactions and interact with the smart contracts of decentralised applications (Dapps) more efficiently, quickly and economically than with the blockchain and network of Ethereum. 

Do you think the Ethereum network needs a scalability solution like this? If the answer to this question is yes, it might make sense to add Arbitrum (ARB) to your wallet.