Ethereum

Arbitrum

Arbswap

Resistance

ERC20

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Arbitrum crypto price gained over 3.71% in the past 24 hours and currently trades at $0.9574.</a> </li> 
 <li> <span>2</span> <a>Arbitrum on-chain data shows that various wallets have witnessed an accumulation in recent sessions.&nbsp;&nbsp;</a> </li> 
 <li> <span>3</span> <a>Arbitrum price has surpassed the 50-day EMA turning optimistic in the short term.&nbsp;</a> </li> 
</ul> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/ezyrRJSjFZk8PxEBdT7gEfqCiZrTngK4-lbfADCKig2E_TClQiWOTqNKEGUZV0cqoXSyeN-qhZjsTSpQTfM7zuL67p-nmtKy01s4om0GFXFD1-b2poEt-KOsTTkEc2l_qzSYfoXnkTvaWT80z67oIc4" alt="Arbitrum: A Layer 2 Solution With A Large Scale Adoption&nbsp;">
  <figcaption class="wp-element-caption">
   Source: arbitrum.io
  </figcaption>
 </figure>
</div> 
<p>Arbitrum (ARB) is an Ethereum layer-two scaling solution. It uses an optimistic roll-up protocol that inherits Ethereum-level security. The roll-up protocol of Arbitrum provides scalability, cost efficiency, and improved speed on Ethereum.</p> 
<p>Arbitrum is making itself more compatible and flexible. Recently, Arbitrum has launched its own layer three solution called Orbit. It will enable developers to deploy programs written in languages like C++, Rust, etc. Also, Offchain Labs, the developers of Arbitrum has announced the shift to a decentralized autonomous organization (DAO) structure.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-what-is-arbitrum-rollup-and-how-it-detects-fraud-strong"><strong>What Is Arbitrum Rollup And How It Detects Fraud?</strong></h2> 
<p>&nbsp;Arbitrum rollup is a way to scale Ethereum by moving most of the work off the main chain. It uses optimistic rollups, which means that transactions are assumed to be valid unless someone proves otherwise. Arbitrum rollup gets benefits from the security and compatibility of Ethereum.&nbsp; It maintains higher throughput and lower transaction fees.&nbsp;</p> 
<p>Ethereum scaling was needed as the Ethereum blockchain only allows about 20-40 transactions per second. When the limit is reached, users have to compete with each other to include their transaction which ultimately causes the fees to go higher.&nbsp;</p> 
<p>Arbitrum rollup has a native token, ARB, which is used for governance and voting on the Arbitrum DAO, a decentralized organization that controls the protocol. Arbitrum rollup is developed by Offchain Labs, a team of researchers and engineers who aim to make Ethereum more accessible and efficient.</p> 
<p>Arbitrum rollup detects fraud by using a multi-round fraud-proof system, where any verifier in the network can challenge the results of a rollup transaction by computing a fraud-proof. If the fraud-proof succeeds, the roll-up batch transactions are re-executed and updated on the system accordingly. This system allows anyone to detect and prove fraud, as long as they have access to the data that is posted on Ethereum.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-top-projects-on-arbitrum-strong"><strong>Top Projects on Arbitrum</strong></h2> 
<p>Top Projects On Arbitrum Include:</p> 
<ol> 
 <li>3xcalibur: It is a liquidity marketplace that uses Tri-AMM architecture to enable stable swaps, variable swaps, and borrowing/lending of ERC20 tokens on Ethereum. Also, It has a native token, XCAL, that is used for governance and voting on the Arbitrum DAO, a decentralized organization that controls the protocol.</li> 
</ol> 
<ol start="2"> 
 <li>Arbswap: Arbswap is a decentralized exchange (DEX) that is optimized for gaming finance. It runs on Arbitrum, a layer 2 scaling solution for Ethereum that uses optimistic rollups. Arbswap allows users to trade in-game assets, such as tokens and NFTs.</li> 
</ol> 
<ol start="3"> 
 <li>Badger: Badger is a decentralized finance (DeFi) platform that aims to bring Bitcoin to Ethereum and other blockchains. Moreover,&nbsp; It runs on Arbitrum which is a Layer-2 scaling solution that uses optimistic rollups to improve speed, scalability, and cost-efficiency.</li> 
</ol> 
<h2 class="wp-block-heading" id="strong-on-chain-activity-on-arbitrum-strong"><strong>On-Chain Activity On Arbitrum</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/az8JPg1DzZWUg0brEt_pAJvhPz6yNybDL53jqAUia7awCy8V4dTtpV3kcTIgTgW88plWsW1Ja5UNQgvFIlWxpLn-QPtzjcbMYnJzGOVagJrXOMnJndw-UsmI2OeLM86i-qxJPfunmBQ8QYXwoMSy8sU" alt="Arbitrum: A Layer 2 Solution With A Large Scale Adoption&nbsp;">
  <figcaption class="wp-element-caption">
   Source: etherscan.io
  </figcaption>
 </figure>
</div> 
<p>As per onchain data obtained from a crypto website etherscan.io., the maximum total supply of Arbitrum is 16,578,409.73 ARB. The number of holders of Arbitrum are 14,299. A total of 67,665 transactions have been made so far. Arbitrum’s circulating supply market cap is $1,221,042,849 whereas the fully diluted market cap is $15,876,944.&nbsp;</p> 
<p>The recent transaction data shows that various wallets have witnessed an accumulation in the near term which has pushed the price to higher levels in the recent sessions.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/fxZ9inGP2T_yTuPh28NQ_w65TxYH9JK6DCWE7yZmt5ueiVWX4hM5pV12f-BRg8qYFlhmZYPpNDd6SZBfzLmLluXuszD9SHjJYWHh-rPWryV6wCN-A9dFdAZCAibNS-7nx6Js7FqNpQ51hCOuqaO8jRY" alt="Arbitrum: A Layer 2 Solution With A Large Scale Adoption&nbsp;">
  <figcaption class="wp-element-caption">
   Source: dune.com
  </figcaption>
 </figure>
</div> 
<p>Arbitrum Bridge data shows that the total Arbitrum Bridgers are 675,349. While the total Arbitrum TVB is 3,005,333. The seven-day Bridgers are 1,718. While the seven days TVB is 17,360.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-arbitrum-price-analysis-over-daily-chart-strong"><strong>Arbitrum Price Analysis Over Daily Chart</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" width="1024" height="478" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779-1024x478.png" alt="Arbitrum: A Layer 2 Solution With A Large Scale Adoption&nbsp;" class="wp-image-178673" style="aspect-ratio:2.1422594142259412;width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779-1024x478.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779-300x140.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779-768x359.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779-1536x717.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779-750x350.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779-1140x532.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-779.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: ARB/USD By TradingView
  </figcaption>
 </figure>
</div> 
<p>The daily chart illustrates that the Arbitrum price has been on a gaining streak for the past ten intraday sessions except for just one red day. This shows optimism and continuous buying from the lower levels. Currently, the Arbitrum price trades with an intraday gain of 3.71% in the past 24 hours.<br><br>Moreover, the price surge started near the level of $0.76 when the sellers failed to form a new swing low thus turning into a double bottom pattern. Bulls took over after that as the next candle fully engulfed the previous one and gained continuously.<br><br>The long-term outlook has shifted from bearish to neutral after the recent price surge. The arbitrum price has surpassed the 50-day EMA turning optimistic in the short term. Moreover, the price is nearing a resistance of $0.98 which might decide the next long-term trend.<br><br>The breakout above the recent swing high may turn the long-term trend optimistic and the price may surge to higher levels. Moreover, if the sellers dominate near the resistance and drag the price lower, the price may undergo a consolidation phase until it is maintained in the range.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-shows-neutral-to-bullish-outlook-in-short-term-strong"><strong>Technical Indicators Shows Neutral to Bullish Outlook in Short Term</strong></h3> 
<p>MACD lines are showing an optimistic crossover. The histogram bars are also formed above the mean line of increasing height, indicating the bulls dominating the price trend in the short term.&nbsp;</p> 
<p>The EMA analysis shows that the ARB price surpassed the 50-day EMA indicating the optimistic trend in the short term. However, the Arbitrum price still trades below the 200-day EMA which may act as a dynamic resistance for the price. The bulls must surpass the 200-day EMA to gain full control.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/10/20/arbitrum-2023-can-we-bet-on-arb-to-display-a-bullish-move/">Arbitrum price</a> has been rising for the past ten sessions and is nearing a resistance of $0.98. A breakout above this level may turn the long-term trend bullish, while a rejection may lead to consolidation. The price has crossed the 50-day EMA but is still below the 200-day EMA. MACD and histogram bars are positive, indicating short-term bullishness. The on-chain data shows accumulation by various wallets.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $0.7606 and $0.7006</li> 
 <li><strong>Resistance Levels:</strong> $0.9806 and $1.0906</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Arbitrum: A Layer 2 Solution With A Large Scale Adoption

목차

Thecoinrepublic.com

2023년 10월 30일에 게재된 다른 기사

Flare launches public staking service for FLR token

User Guide: How to Bridge USDT TRC20 using Symbiosis

Which crypto has 1000x potential?

This Altcoin received support from Binance, the price increased!

Why Is Bitcoin Price Rising Suddenly, Will It Continue to Rise?

Malik Obama joins decentralized AI startup noiseGPT as advisor

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!