All about Arbitrum’s 22K ETH stack and its impact on L2 ecosystem
2025-07-05 19:04:05
Main Idea
Arbitrum has accumulated 22K ETH, leading the L2 ecosystem, but its native token ARB erased initial gains after a Robinhood update, retreating to a key support level.
Key Points
1. Arbitrum holds 22,009 ETH, making it the most ETH-aligned L2 and countering criticism that L2s extract value from Ethereum without boosting it.
2. ARB token initially gained 18% after the Robinhood update but later retreated to a $0.3 support level, erasing all gains.
3. Robinhood’s tokenized U.S. equities, powered by Arbitrum, brought new users to the L2, with transaction counts remaining high (800K to over 1 million).
4. Ethereum saw $9.7 billion in inflows over the past month, while Arbitrum recorded $1.5 billion, highlighting its growing usage.
5. Trading volumes for ARB declined, as indicated by the OBV, suggesting a need for volume recovery to sustain price momentum.
Description
ARB has erased early 18% gain and retreated to a crucial $0.3 support.
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