Arbitrum saw a price decline to $1.62 following a significant token unlock event, with 8.95 million ARB tokens worth $16.4 million transferred. Despite this, Arbitrum remains dominant in the Ethereum layer 2 space, boasting a total value locked of $4.087 billion and facilitating over 1 million daily transactions. Despite recent market downturns, there's optimism among investors about Arbitrum's potential.
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Arbitrum saw a price decline to $1.62 following a significant token unlock event, with 8.95 million ARB tokens worth $16.4 million transferred. Despite this, Arbitrum remains dominant in the Ethereum layer 2 space, boasting a total value locked of $4.087 billion and facilitating over 1 million daily transactions. Despite recent market downturns, there's optimism among investors about Arbitrum's potential.
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