Arbitrum (ARB) is the largest layer-2 scaling solution for Ethereum by market cap.
It has gained over 30% in the last 7 days, making it the best performing crypto in the top 50 tokens, currently trading at ₹137.
Arbitrum continues to have a positive outlook for weeks and months ahead due to the following reasons:
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- Within a month of listing, total ARB accounts surpassed 5 Mn & Total Value Locked (TVL) grew by 21% primarily driven by airdrop.
- ARB has found a decent support in the ₹[135-140] range implying that the ongoing rally has more upside potential.
- With Ethereum’s Proto-Danksharding upgrade planned in late 2023, it is likely to boost demand for ARB in coming times.
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