ARB token added about 20% in price per day

Over the past 24 hours, the price of Arbitrum’s (ARB) second-tier Ethereum network token has increased by 27%. At the time of writing, the asset is trading at $1.54, according to CoinGecko.

The total capitalization of ARB is $1.98 billion, the daily trading volume is $1.48 million.

According to DeFi Llama, the amount of blocked funds in the protocol reached $2.32 billion. The figure increased by almost 4% in a day.

The Arbitrum team recently introduced the NFT tracking feature in collaboration with the Alchemy platform.

The distribution of ARB tokens began on March 23 and caused problems on the network. The total issue of ARB will be 10 billion.

the first vote of the blockchain community sparked a number of claims, which mainly concerned the transfer of control over 750 million ARB tokens to the Arbitrum Foundation.

Users also noticed that the organization sold 50 million ARB from the treasury before the vote.

On April 5, the Arbitrum Foundation submitted AIP-1.1 and AIP-1.2 to the community, assuring that they took into account the negative reaction of users on the first control proposal.

Amid controversy in the community, large ARB holders have increased the number of tokens in their wallets.


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