Arbitrum might be entering a phase of aggressive growth. As such, it is important to keep track of key metrics that may offer insights into its trajectory.
The grant program has already attracted significant liquidity into some of the tokens on Arbitrum as revealed above. This is likely because investors anticipate that those projects have a high probability of achieving success, hence the surge in demand.The market’s reaction to the grants program suggested that Arbitrum might be entering a. As such, it is important to keep track of key metrics that may offer insights into its trajectory.
Arbitrum’s revenue has been relatively docile this year, averaging below $50,000. However, there are two instances wherein the revenue soared into the millions. This included 23 March during which it soared to a high of $1.49 million and its historic high of $2.09 million on 12 July.Arbitrum transactions kicked off the first four months of 2023 with robust growth which peaked in March at 3.09 million transactions.
It is worth noting that Arbitrum transactions were seen rising once again toward the end of September and reclaimed the 1 million daily transactions mark. This was likely due to the renewed excitement in theSource:: DeFiLlama The same metric revealed that most of the user activity is from returning users rather than new ones. These findings suggested that Arbitrum was back on a positive growth trajectory and excitement was making a comeback in the network. This could trickle down to the ARB token as investors regain confidence.ARB bulls
fueled a rally by over 8% during Thursday’s trading session. It exchanged hands at $0.90 at the time of writing. ARB might have a promising future if it manages to secure robust growth in the short and long term.
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