Arbitrum's ARB Token Trades at $3.99 as 625,143 Wallets Receive Airdrop

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Arbitrum's ARB Token Trades at $3.99 as 625,143 Wallets Receive Airdrop
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BREAKING: The long-awaited arbitrum token ARB made its trading debut on Thursday, trading at $3.99 as volatility spiked on decentralized exchanges. Reporting by oknightcrypto.

on Ethereum, achieving scalability by using a technique called transaction rollups, which sends batches of transactions to the Ethereum mainnet.

It's worth noting that ARB prices across all exchanges varied massively following the airdrop, with prices reaching as high as $14 on ByBit. Activity on Arbitrum has been increasing since November, when Delphi Digital a report suggested investors were interacting with the blockchain to boost their chances of receiving an airdrop. Arbitrum's total value locked is at $2 billion, double that of rival layer 2 chain Optimism, according to

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