Arbitrum One (ARB), recently praised by Vitalik Buterin, broke records in terms of price and assets locked on the network.
Arbitrum, praised as the first stage 1 rollup by Ethereum founder Vitalik Buterin, broke the record. According to data transferred by the on-chain analysis platform L2BEAT, the total asset locked (TVL) value in the last seven days 15.9% rising to $10.22 billion rose.
While this is a record high for Arbitrum, it also Layer 2 (L2) networks between The first project exceeding 10 billion won the title. Arbitrum was one of the first projects to introduce rollup engineering, a blockchain solution supported by Buterin. Buterin While saying that he expects this number to increase to ten in 2024 Transition to stage 1 with the highest potential Optimism (OP) And zkSync Era he pointed out.
Locked assets in the Arbitrum network 30.9% in Ethereum (ETH), 23.68% ARB, stablecoins 29.66% And 15.76% other altcoins created.
In parallel with all these increases January 3 ARB price on the day to all-time high (ATH) the one which… for $2.04 reached. ARB, which managed to remain intact in the face of sudden declines in the cryptocurrency market, managed to attract attention.
According to CoinGecko data, in the last week 16% ARB, which is on the rise, at the time of writing from $1.83 is being traded.