Arbitrum
About Arbitrum
Arbitrum is a second-layer solution designed to enhance Ethereum's performance by leveraging optimistic rollups technology. It builds on the decentralized nature of Ethereum, providing enhanced scalability, and lower transaction costs. The project is powered by its native token, ARB, used in the governance of the Arbitrum network. The developers, Offchain Labs, aim to transition to a decentralized autonomous organization, moving towards a more fair and open system.
In the last hour, Arbitrum's price has seen a change of +1.54%, and over the past 24 hours, its price has moved by -4.32%. Over the previous week, Arbitrum's price has moved by +43.98%. The current price of Arbitrum is SAR 0.8132, accompanied by a trading volume of 1.373B in the last day. Arbitrum's price is currently 90.97% below its all-time high of SAR 9.0030, which remains the highest price Arbitrum has achieved since its launch. The circulating supply of Arbitrum stands at 6.786B, translating to a total market capitalization of 5.518B.
Market stats
Frequently asked questions
What is the Arbitrum network?
The Arbitrum network and its trading symbol (ARB) is a decentralized blockchain network that is a Layer 2 project on the Ethereum network. It improves transaction speed and efficiency using Optimistic Rollup technology, which processes data off-chain before sending it to the main Ethereum blockchain. The technology assumes that all transactions are valid until proven otherwise, Optimistic Rollups aim to boost transaction throughput and reduce gas fees while maintaining Ethereum’s overall security. Arbitrum leverages smart contracts written in Ethereum’s Solidity programming language to enable the creation of widely used decentralized applications, and ARB tokens serve as a utility token used to cover transaction costs and stake tokens on the network to earn rewards.
How does the Arbitrum network work?
Arbitrum relies on Optimistic Rollup technology to scale the Ethereum network and reduce transaction costs. The technology bundles hundreds of Layer 2 transactions into a single batch, processes them off-chain, and then sends the data to the Ethereum Layer 1 network, which reduces congestion and transaction fees. By default, the network assumes transactions are valid, they are only verified on the mainnet if there is an objection or dispute regarding them, with invalid transactions incurring a financial penalty. The network supports the Arbitrum Virtual Machine (AVM), which is compatible with the Ethereum Virtual Machine (EVM) technology, allowing developers to easily run and migrate smart contracts. ARB tokens are also used to participate in governance and decision-making, as well as to earn rewards.
How do you buy ARB on Rain?
Buying ARB on Rain involves a few simple steps:
- Ensure you have funds in your fiat account or add your card in the payment methods section.
- Click “Trade” and select “Buy”.
- Select the cryptocurrency you wish to buy.
- Enter the amount you wish to buy in your preferred currency.
- Choose your payment method, either using a bank card or the cash balance in your fiat wallet.
- Click “Next” to review your transaction details.
- Click “Buy Now” to complete the purchase.
ARB will be added to your wallet after the transaction is executed. At Rain, we use cold storage to keep the majority of client assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
What are the risks and considerations?
Before buying ARB, it is important to understand the associated risks:
• Price volatility risk: The currency may be subject to sharp price fluctuations.
• Technical risk: Since the network is open-source, malicious or flawed decentralized applications can be easily deployed.
• Liquidity risk: Liquidity may affect the currency’s price movement.
• Governance and regulatory risks: The value of the cryptocurrency may be affected by legislation and regulation.
• Security risks: You must protect your account with a strong password and two-factor authentication and choose an appropriate storage method after researching it thoroughly.
You should not purchase ARB based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project behind it, and your risk tolerance before making any decision.
What tokens are used to pay gas fees for transaction costs, and what are the governance tokens for the Arbitrum network?
Gas fees are paid using ETH tokens on Ethereum, while ARB tokens are used to participate in governance and earn rewards.
What is the total supply of ARB?
The maximum supply is capped at 10 billion ARB tokens.
What is the purpose of Arbitrum?
Arbitrum is a layer 2 scaling solution for Ethereum, designed to improve the scalability and reduce the high fees associated with using the Ethereum network. It aims to provide fast, low-cost transactions while maintaining the security of the Ethereum mainnet.
How does Arbitrum achieve scalability on Ethereum?
Arbitrum uses a technology called Optimistic rollups to increase the throughput of the Ethereum network. By batching multiple transactions off-chain and submitting a single compressed version to the Ethereum mainnet, Arbitrum significantly reduces congestion and allows for faster transaction processing.
What are the benefits of using Arbitrum?
Using Arbitrum offers users reduced transaction costs, faster transaction speeds, and improved overall scalability compared to directly interacting with the Ethereum mainnet. By offloading transactions to layer 2, users can enjoy a seamless experience with lower fees and quicker confirmation times.
How to invest in Arbitrum?
Rain offers you a number of ways to start investing in Arbitrum, including buying Arbitrum through bank transfers or by using your bank card. To purchase Arbitrum on Rain, you can select Arbitrum in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Arbitrum with card?
Once you add your bank card to your Rain account, you can use it to buy Arbitrum directly. You can start by adding your card to your payment options on your Rain account. To purchase Arbitrum using your bank card, you can select Arbitrum, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Arbitrum through bank deposit?
Rain enables you to buy Arbitrum using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Arbitrum. To do that, you can select Arbitrum in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Arbitrum?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Arbitrum successfully:
On your Rain account, select Arbitrum then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Arbitrum into cash?
Rain gives you the opportunity to sell Arbitrum and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Arbitrum and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Arbitrum?
If you would like to receive Arbitrum in your Rain account, simply click on Receive and select Arbitrum from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Arbitrum to avoid possible loss of funds.
How to send Arbitrum?
You can easily send your Arbitrum from your Rain account to any external wallet by clicking on Send and selecting Arbitrum from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Arbitrum with Rain?
When you buy Arbitrum with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Arbitrum on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Arbitrum wallet?
A Arbitrum wallet is where you can securely store Arbitrum. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Arbitrum address?
A Arbitrum address is a string of unique characters that is tied to your Arbitrum wallet. The address functions just like a bank account number and it is what you use in order to send Arbitrum from your wallet, or to receive Arbitrum to your wallet.
What trading pairs available for Arbitrum?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Arbitrum with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Arbitrum with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Arbitrum?
You can trade Arbitrum with any amount above $30 or equivalent in your account's currency. You can start trading Arbitrum now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Arbitrum?
Besides Arbitrum, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Arbitrum built on?
Arbitrum is built on the ARB blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Arbitrum safe?
To keep your Arbitrum safe, make sure to use trusted wallets that support ARB. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Arbitrum be in next 5 years?
Price predictions for Arbitrum over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Arbitrum taxable?
Trading Arbitrum may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Arbitrum's ATH?
Arbitrum’s all-time high (ATH) was SAR 9.0030 on 12 Jan 2024. This represents the highest recorded market price of the asset to date.
What is the market cap of Arbitrum?
With a market capitalization of 5.518B, Arbitrum is ranked 52 among other crypto assets.
What is the all-time high of Arbitrum?
The highest valuation of Arbitrum since its launch was at SAR 9.0030, marking its all-time high.
What is the 24-hour trading volume of Arbitrum?
The trading activity of Arbitrum over the last 24 hours was at 1.373B, highlighting its liquidity in the market.
How many Arbitrum are there in circulation?
There are approximately 6.786B units of Arbitrum currently in circulation, affecting its market dynamics.
What is the relative popularity of Arbitrum?
Arbitrum market cap is around 5.518B.
When was Arbitrum created?
Arbitrum was introduced on 23 Mar 2023.
Website
White paper