The price of Arbitrum’s ARB governance token peaked at $11.6446 on the crypto exchange KuCoin following an airdrop of 1.1 billion ARB to 625,000 wallets.

The spot trading volume of ARB in the last 24 hours is $388 million. In addition to KuCoin, it is available on Bybit and Bitget.

Arbitrum Rollup Usage Spiked Before ARB Airdrop

At press time, the price of ARB was roughly $1.3100. It is expected to be volatile for most of March 23, 2023.

In anticipation of the upgrade, transaction activity on Arbitrum increased to a new record of $1,312,052 on March 22, 2023.

According to Henrystats’ Dune Analytics Dashboard, Arbitrum acquired almost half a million new users in two weeks, which took the user base to more than three million.

Earlier this month, the Arbitrum Go to Source to See Full Article
Author: David Thomas

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