Arbitrum Attracts Over 48% Of Assets From Ethereum: Why Is ARB Down 68% In 7 Months?

ARB, the native token of Arbitrum, the Ethereum layer-2 solution, is down 68% from January 2024 highs.However, there is good news: While ARB holders “suffer” in the face of unrelenting bears, positive on-chain developments reveal a platform that is not only the largest by total value locked (TVL) but also brimming with potential.
Over 48% Of Ethereum Bridged Assets End Up In Arbitrum
Taking to X, one analyst notes a surge in user activity on Arbitrum and that the platform leads acros