Is Arbitrum going to rise or fall?
Is Arbitrum going to rise or fall?
Arbitrum’s native ARB tokens totaled more than $2 billion in trading volume in the first 24 hours since going live, data shows.
The ARB token serves as a means of governance for the protocol. Holders of ARB can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes.
Among crypto exchanges, Bitget and Huobi led volumes with over $250 million worth of ARB traded. Decentralized exchange Uniswap, which relies on smart contracts to match trades between users, saw over $227 million in trading volumes – which netted over $500,000 in fees for liquidity providers.
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