Arbitrum Price (ARB)

ARB is the backbone of the Arbitrum ecosystem, and it's got a lot of roles to play: Securing the network: Validators stake ARB to keep the platform legit. They have to hold tokens, so bad actors get no free pass. Incentivizing: ARB rewards the hard work of validators and also gives users the chance to earn by engaging with the Arbitrum ecosystem. Transactions: It lets you make transactions faster and cheaper than on Ethereum, making it perfect for DeFi apps and beyond.

Arbitrum was built by Offchain Labs, a team based in New York. The founders are Ed Felten, Steven Goldfeder, and Harry Kalodner — all ex-Princeton researchers with serious chops in computer science, cryptography, and blockchain tech.

The total supply of ARB tokens is capped at 10 billion. Here's how the tokens are split: Arbitrum DAO treasury: 42.78% (4.278 billion) Offchain Labs teams and advisors: 26.94% (2.694 billion) Investors: 17.53% (1.753 billion) Airdrop to users: 11.62% (1.162 billion) Airdrop to DAOs: 1.13% (113 million)

The Arbitrum airdrop was a significant step in transitioning the platform from centralized control by Offchain Labs to a more decentralized autonomous organization (DAO). Launched in March 2023, the airdrop distributed ARB tokens to the community, marking the start of community governance. This allowed users to participate in decision-making, with 2.7 billion tokens transferred despite some being subject to a 4-year vesting period for team and investor tokens. While the airdrop was intended to empower the community and decentralize the platform, it triggered backlash over concerns regarding governance and the early release of tokens, raising questions about the fairness of the process. Despite the controversy, the goal was to ensure that Arbitrum's future decisions were made by the community, rather than Offchain Labs alone.

Arbitrum stands out as one of the top Ethereum scaling solutions with its optimistic rollups and several standout features: Compatibility: You don’t have to change your Ethereum DApps – Arbitrum supports unmodified Ethereum Virtual Machine (EVM) contracts. This allows for a seamless transition of existing Ethereum-based applications to Arbitrum with zero hassle. Scalability: Arbitrum boosts performance, processing thousands of transactions per second, all while keeping low fees and ensuring fast finality, without sacrificing Ethereum’s security model. Flexibility: It opens up even more possibilities for developers by supporting popular programming languages like Rust and C++ through its upcoming Stylus feature. It’s all about making development smoother with its EVM+ equivalence. Decentralization: Unlike some centralized rollups, Arbitrum doesn’t rely on a single operator or sequencer. It’s secured by a decentralized network of validators who stake ARB tokens and earn rewards for keeping the network secure and functioning. All of these features make Arbitrum a strong contender in the Ethereum scaling game, offering both flexibility and security.

You can buy ARB directly on EXMON using your debit or credit card or trade it for other cryptos on the exchange. For real-time price updates and detailed instructions, check out the How to Buy Arbitrum (ARB) Guide.