Arbitrum is a Layer 2 solution designed to enhance the capabilities of Ethereum 
$3,362 smart contracts.
What Is Arbitrum (ARB)?
The ARB token will be used for governance within the Arbitrum DAO. Token holders will participate in decentralized governance decisions that will automatically be executed on-chain after approval. The voting process will take between 21 to 37 days, depending on the nature of the proposal, to pass and be implemented.
Arbitrum DAO will also vote to elect the Arbitrum Security Council, a 12-member multisig composed of reputable community members.
As a Layer 2 built on Ethereum, Arbitrum is immediately accessible to those familiar with transacting on Ethereum and accustomed to popular decentralized applications such as Uniswap, Sushi, and Aave.
Developing applications on Arbitrum is as straightforward as it is on Ethereum since developers can use all standard developer tools like Truffle, Hardhat, Remix, and others to build and deploy applications on the platform.
This accessibility has led to what can be described as meteoric growth in its user base and rapid expansion of its ecosystem. Indeed, there are nearly 4 million unique Arbitrum addresses—a number that has grown parabolically since its launch. Meanwhile, there are currently over 400 Arbitrum DApps, most of which fall under the DeFi umbrella.
Some of the most popular DApps on the platform currently include GMX, Uniswap, Treasure, and Camelot, each boasting a total value locked (TVL) of over $100 million.
Although Arbitrum is the fourth most popular blockchain by TVL, it ranks 18th in 30-day fee revenue, generating only $3.8 million compared to Ethereum’s $178.4 million, according to data from Token Terminal.
Where to Buy ARB Coin?
ARB Coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. On the Binance platform, ARB Coin is traded in the ARB/BTC and ARB/USDT pairs.
To buy ARB, you first need to register on the Binance exchange. Once the registration is complete, you must transfer cryptocurrency or fiat currency to your Binance wallet. After completing the transfer, you can purchase ARB Coin from any of the three pairs mentioned above. To buy through the ARB/USDT trading pair, navigate to the interface for this pair. Enter the desired amount in the field under the limit tab of the ARB/USDT interface. After specifying the amount, complete the purchase by placing a Buy ARB order.
