ARB, the native token of Arbitrum, a leading Ethereum layer 2 scaling solution, has outperformed its sector with a 49.49% increase over the past month. Despite recent market downturns, long-term data indicates bullish potential. ARB's trading volume soared by 3,000%, and it dominates Ethereum layer 2's total value locked (TVL), holding nearly 50% of the $20.92 billion market. The impending Ethereum Dencun upgrade, expected to enhance layer 2 efficiency and reduce costs, contributes to this optimistic outlook.
