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Home Arbitrum Price
Day Week Month Year
You pay
You get
1 EUR = 3.071212 ARB
-0.27%
The live price of Arbitrum is € 0.30 per (ARB / EUR) with a current market cap of € 1,473,930,935.15 EUR. 24- hour trading volume is € 307,958,743.17 EUR. ARB to EUR price is updated in real-time. Arbitrum is -0.27% in the last 24 hours with a circulating supply of 4,963,238,296.00.
ARB Price History EUR
Date Comparison
Today
€ 0.30
-0.27%
30 Days
€ 0.32
-8.20%
60 Days
€ 0.28
+5.94%
90 Days
€ 0.29
+3.34%
About Arbitrum (ARB)
Arbitrum (ARB) is another layer 2 scaling solution for Ethereum, similar in purpose to Optimism, but with its own unique approach and technology. Developed by Offchain Labs and launched in 2021, Arbitrum uses a technology called Optimistic Rollups to process transactions more efficiently, thereby reducing costs and increasing the speed of transactions on the Ethereum network.
 
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People Also Ask: Other Questions About Arbitrum

Buying Arbitrum (ARB) can be a straightforward process once you understand the steps involved. Here’s a quick guide on how to purchase ARB:
 

1. Choose a Cryptocurrency Wallet Before buying Arbitrum (ARB), you need a wallet to store it. Wallet options include:

- Hardware Wallets: Physical devices that securely store cryptocurrency offline (e.g., Ledger, Trezor).
- Software Wallets: Applications you can download to your phone or computer (e.g., Trust Wallet, MetaMask).
- Web Wallets: Online wallets managed by third parties (e.g., Coinbase Wallet). Select a wallet based on your security preferences and convenience.
 

2. Register and Verify Your Account on Venlynx Follow these steps to register and start using Venlynx for buying cryptocurrency:

- Click the "Register" button on the Venlynx website.
- Complete the registration form by entering your username, password, first name, and last name.
- A confirmation email will be sent to your email address. Click the link in the email to verify your email.
- After email verification, log into your Venlynx account.
- Complete the identity verification process to access the full features of the platform.
 

3. Buy Arbitrum (ARB)

- Once your account is verified, go to the buy section of Venlynx.
- Select "Buy" and choose Arbitrum (ARB) from the list of cryptocurrencies.
- Enter the amount of ARB you want to purchase.
- Provide the address of your cryptocurrency wallet where the ARB should be sent.
- Choose a payment method from the available options.
- Confirm your order and complete the payment process.
- After receiving your payment, Venlynx will process the transaction and send ARB to your specified wallet.
 

4. Keep Your Wallet Secure

- Regularly back up your wallet.
- Enable two-factor authentication (2FA) for added security.
- For significant amounts, consider using a hardware wallet.

The total supply of Arbitrum (ARB) is not capped in the same way as Bitcoin. Instead, the supply of ARB is managed according to the protocol's design and governance decisions.

As of now, the initial total supply of ARB was set at 10 billion tokens. However, unlike Bitcoin, the exact number of ARB tokens in circulation can change over time due to various factors such as protocol updates, governance proposals, and token burns.

Arbitrum's tokenomics include mechanisms for token distribution, staking, and governance, which can affect the circulating supply. The ARB tokens are used for governance votes, incentivizing network participants, and securing the network.

Unlike Bitcoin, where the supply is predetermined and capped, the supply dynamics of ARB are more flexible and subject to the governance decisions of the Arbitrum community and protocol developers.

Arbitrum (ARB) does not use traditional mining like Bitcoin. Instead, it operates on a layer 2 scaling solution built on Ethereum, using different mechanisms to achieve network security and transaction validation. Here’s an overview of how the Arbitrum network functions:
 

1. Transaction Validation and Execution

- Arbitrum processes transactions off-chain, meaning that most of the work is done outside the main Ethereum blockchain. This off-chain processing helps to scale Ethereum by reducing congestion and lowering transaction fees.
- Transactions are grouped and executed on Arbitrum’s layer 2 chain. The system uses Optimistic Rollup technology, where transactions are assumed to be valid by default but can be challenged if discrepancies are detected.

2. Rollup and Aggregation

- The processed transactions are periodically bundled into a rollup batch. These batches are then submitted to the Ethereum mainnet for final settlement.
- Rollups aggregate multiple transactions into a single batch, which reduces the amount of data that needs to be posted on the Ethereum blockchain, enhancing scalability.

3. Proof of Validity

- While Arbitrum doesn’t use proof of work or proof of stake, it employs a system of fraud proofs. Validators in the Arbitrum network can challenge invalid transactions. If a challenge is successful, the fraudulent transaction is rolled back, and the challenge’s proposer may lose their stake.
- Validators are incentivized to act honestly due to the potential financial penalties for proposing invalid transactions.

4. ARB Token Utility

- The ARB token is used primarily for governance and staking. Holders of ARB tokens can participate in the governance of the Arbitrum protocol, voting on changes and upgrades to the network.
- Staking ARB tokens can also be used to ensure the integrity of the network, as validators must stake tokens to participate in the network and secure transactions.

5. Network Security and Integrity

- Arbitrum’s security is derived from Ethereum’s mainnet. By submitting rollup batches and data to Ethereum, Arbitrum inherits Ethereum’s security while benefiting from its layer 2 scaling solutions.
- The challenge and fraud-proof mechanisms ensure that transactions are validated and disputes can be resolved, maintaining network integrity without the need for energy-intensive mining.

The all-time high and all-time low prices of Arbitrum (ARB) highlight its journey in the cryptocurrency market:

- All-Time High
Arbitrum reached its all-time high price in April 2024, peaking at approximately $11.45. This peak occurred amid growing interest in layer 2 solutions and the increasing adoption of Ethereum scaling solutions, contributing to a surge in ARB’s value.

- All-Time Low
Arbitrum's all-time low was observed shortly after its initial launch in September 2021. At that time, ARB's price fell to around $0.85. This early low reflects the typical volatility and market fluctuations experienced by new cryptocurrencies as they establish themselves in the market.

Storing Arbitrum (ARB) securely is important to protect your investment and prevent loss. Here’s a guide on how to store ARB effectively:
 

1. Choose the Right Wallet There are several types of wallets you can use to store Arbitrum (ARB), each offering different levels of security and convenience:

- Hardware Wallets: These physical devices store your private keys offline, making them the most secure option. They are recommended for holding significant amounts of ARB. Examples include Ledger and Trezor, which support various tokens including ARB.
- Software Wallets: These are applications you can install on your computer or smartphone. They provide a balance between security and convenience for frequent transactions. Examples include MetaMask and Trust Wallet, which support Ethereum-based tokens like ARB.
- Paper Wallets: This involves printing your private and public keys on paper and storing them securely. This method is a form of cold storage and is secure from online threats, but it can be lost or damaged.
- Web Wallets: These are online wallets provided by third parties, which can be accessed via the internet. They are convenient but less secure as the provider holds your keys. Examples include wallets on platforms like Coinbase and Binance, which offer ARB support.
 

2. Backup Your Wallet Regularly back up your wallet to safeguard against data loss or device failure. For software and mobile wallets, this typically involves writing down a recovery phrase (12-24 words) provided during wallet setup. Store this recovery phrase in a secure, offline location separate from your wallet.
 

3. Use Strong Security Measures

- Encrypt Your Wallet: Use a strong password to encrypt your wallet, adding an extra layer of protection against unauthorized access.
- Enable Two-Factor Authentication (2FA): For any service that supports it, enable 2FA to enhance security.
- Keep Software Updated: Regularly update your wallet software to protect against vulnerabilities and ensure compatibility with the latest security protocols.
 

4. Consider Your Needs

- For Daily Use: Store a smaller amount of ARB in a more accessible, but possibly less secure wallet for frequent transactions.
- For Savings: Keep the majority of your ARB in a more secure storage option, such as a hardware wallet or another form of cold storage.
 

5. Secure Your Environment

- Physical Security: If using paper or hardware wallets, consider storing them in a safe place like a safe deposit box or a personal safe.
- Cybersecurity: Ensure that your computer and any devices used for handling ARB are free from malware and secured against potential threats.
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