All about Arbitrum’s 22K ETH stack and its impact on L2 ecosystem

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.