Arbitrum (ARB) Price Displays Strength, Backed By On-Chain Activity

The Arbitrum (ARB) price has retraced in line with the market-wide correction over the past few days, falling close to a critical support level. In the current environment, altcoins in general continue to show weakness across the board. However, one altcoin that is exhibiting relative strength, backed by on-chain activity, is ARB.
Arbitrum is an optimistic L2 rollup with the main purpose of helping Ethereum scale by enabling L2 transactions with much faster confirmation time. The project has est