TradingKey – Arbitrum surges over 14% against the trend, strongly leading the Layer 2 sector to become the market rebound leader.
On September 3, amid rising geopolitical tensions and weakness in most mainstream tokens across the broader market, Arbitrum (ARB) surged against the trend, jumping over 14.05% in a single day to become today’s best-performing asset in the crypto market. In addition, the price of ARB broke through $0.12, reaching a new high since May 16 of this year.
Top 10 gaining cryptocurrencies, source: CoinMarketCap
The primary driver behind ARB’s counter-trend breakout is the recent sharp rise in its ecosystem’s on-chain activity, which drove significant growth in on-chain transaction volume and fee revenue. Among these,…
