While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth.
A recent Nansen report shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than before the airdrop. The daily active users, gas fees and transaction count have maintained consistently higher levels since April 2023.
Daily active users of Arbitrum, and Optimism (past 6 months). Source: NansenThe trading volume of DEXs on Arbitrum. Source: DefiLlamaFunds (purple) and smart wallets (green) are still holding ARB. Source: NansenFunding rate across the perpetual swap markets. Source: CoinGlassARB/USDT daily price chart. Source: TradingViewARB/ETH 4-hour price chart. Source: GeckoTerminal
