Arbitrum’s price has surged due to the creation of 1.6 million new wallets, pushing active addresses to 4.6 million. Last month alone, the network executed 1.3 billion transactions, reflecting significant increased user engagement.
Despite the bullish sentiment, Arbitrum’s token, $ARB, remains down over 80% from its January 2024 peak. A $140,000 security exploit has raised concerns, and discussions within the Arbitrum DAO about its Gaming Catalyst Program are ongoing due to lack of progress.
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