Arbitrum's ARB Token and Ecosystem See Rapid Growth and Adoption
Arbitrum's ARB tokens generated over $2 billion in trading volume within 24 hours of going live, with Bitget and Huobi leading the volumes. The ARB token serves as a governance tool for the protocol, allowing holders to participate in decision-making processes. Despite short-term volatility, market observers predict growth for ARB tokens as they integrate into Arbitrum's wider decentralized finance system. At press time, ARB traded over $1.43, with a market capitalization of $1.8 billion based on a circulating supply of 1.25 billion ARB.