Arbitrum’s Daily Trading Volume Reached New All Time High Of 1.3 Million Yesterday

Arbitrum’s daily trading volume has achieved a new record high after yesterday.

On March 22, on-chain analyst @Dynamo Patrick tweeted that Arbitrum’s daily trade volume hit a new high of 1.3 million yesterday. In comparison, there were 1.08 million transactions on the Ethereum mainnet. Patrick stated that Arbitrum’s latest airdrop announcement, which has been making headlines, looked to be a marketing tactic. The number of daily active addresses increased from roughly 80,000 on March 13 to more than 200,000 yesterday.

It is worth mentioning that the growth in the number of daily active addresses might be due to the platform’s recent updates and changes targeted at improving user experience and satisfaction.

$ARB is slated to airdrop tomorrow, March 23, and has piqued the crypto community’s curiosity. ARB has a launch supply limit of ten billion. The community owns the bulk of the ARB coin (more than 56%). The Arbitrum Airdrop will get 12.75% of this community allocation based on data from a snapshot taken on February 6, 2023.

If the OP total value locked (TVL) is $0.988 billion and the ARB TVL is $1.79 billion, Coincu estimates that the ARB price upon listing will be $1.98. This prognosis is based on the FDV/TVL computation, which also anticipates a total ARB token supply of 10 billion.

According to our ARB price forecast, the highest price ARB might reach is $1.98, with the lowest price being 10% of that, or $0.2. Nonetheless, ARB may trade between $5 and $10 in the first few minutes before falling from there. The initial liquidity will be restricted. It may take some time for users to claim and send ARB tokens to exchanges, during which time the ARB token price may fall.

ARB is not mentioned anywhere right now, and it will not be before March 23. Any offer to trade this token is a forgery.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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