ARB (Arbitrum) fell 0.90% in the last 24 hours.

Gate News Bot news, July 2, according to CoinMarketCap data, as of the time of writing, ARB (Arbitrum) is currently priced at $0.33, down 0.90% in the last 24 hours, having reached a high of $0.39 and a low of $0.30. The current market capitalization is approximately $1.659 billion, a decrease of $15.0021 million compared to yesterday.

Arbitrum is a powerful Layer 2 scaling solution designed to make blockchain technology more inclusive and sustainable while maintaining security. As a decentralized rollup, Arbitrum inherits the security of Ethereum. It is compatible with existing Ethereum tools and applications, providing fast transaction confirmations at low costs, making it suitable for high transaction volume applications. The Arbitrum Foundation is committed to empowering the development and governance of Arbitrum technology and fostering growth and success within the ecosystem.

Important news about ARB recently:

1️⃣ Robinhood launches tokenized stock trading based on Arbitrum Robinhood has launched a tokenized stock product based on Arbitrum for European users, covering over 200 US stocks and ETFs, and supports all-day trading on weekdays. This will upgrade Robinhood's European crypto application into a crypto-driven all-in-one investment platform. Robinhood also confirmed that it is building a Layer 2 blockchain network optimized for tokenized assets, based on the Arbitrum technology stack. This collaboration brings more practical application scenarios for Arbitrum and helps expand its ecosystem.

2️⃣ RCADE Chain chooses Arbitrum as the scaling technology solution The gaming ecosystem project RCADE officially announced a partnership with Arbitrum, selecting Arbitrum's technology solution for the expansion and development of RCADE Chain. This collaboration aims to build a highly scalable on-chain gaming ecosystem, further expanding Arbitrum's applications in the gaming field.

3️⃣ Arbitrum network activity has significantly increased DefiLlama's data shows that Arbitrum recorded 418,400 active addresses in the past 24 hours, an increase of 25% compared to the previous week. This data reflects that the usage and activity of the Arbitrum network are rapidly increasing, possibly related to recent collaborations and ecosystem expansions.

From a technical perspective, the ARB price has recently shown significant volatility, having reached a high of $0.39. The MACD indicator has shown a bullish crossover, and the Relative Strength Index (RSI) has broken through the neutral threshold, reaching 58, indicating strong buying pressure. However, ARB still needs to break through the key supply area around $0.35 to establish a clearer upward trend.

This message does not constitute investment advice, and investors should be aware of market volatility risks.