Connect with us
Active Currencies 14712
Market Cap $2,670,247,746,023.50
Bitcoin Share 51.51%
24h Market Cap Change $4.20

Arbitrum searches for price push amidst rising metrics

2min Read

The Arbitrum network witnessed a massive liquidity surge, setting a new daily record. However, ARB struggled to surpass the $1 price range.

Arbitrum Rides High on these Metrics, but ARB Token Searches for Momentum

Share this article

  • Arbitrum experienced a significant surge in liquidity outflow, setting a new daily record.
  • ARB struggled to surpass the $1 price range, facing bearish trends and diminished volume momentum.

The Arbitrum [ARB] network, despite being a newcomer in the sphere, has been buzzing with exceptional levels of activity, as indicated by various metrics. According to DefiLlama’s recent data, the network recently experienced a monumental surge in liquidity outflow, marking its highest daily outflow.

Read Arbitrum’s [ARB] Price Prediction 2023-24

Arbitrum sees massive liquidity flow

25 May witnessed a significant milestone for Arbitrum, as it experienced its largest net daily liquidity outflow, according to DefiLlama. Likewise, in a Twitter post, Emperor Osmo highlighted that Arbitrum recorded an outflow of over 51 million USD Coin [USDC] in the last 24 hours. Over 113 million USDCs were processed on the network during this timeframe. 

As of this writing, Arbitrum boasted the highest deposits among the top chains, with over 57 million USDC, per DefiLlama rankings. Its 24-hour Netflow displayed a positive trend, surpassing 7 million USDC. However, when observing the seven-day Netflow, a noteworthy negative netflow of over 128 million USDC was observed, indicating the highest outflow among the top chains.

Arbitrum liquidity flow

Source: DefiLlama

Volume and TVL ahead of major chains

Besides its remarkable liquidity flow, Arbitrum demonstrated a robust level of activity based on the overall volume metric provided by DefiLlama. As of this writing, Arbitrum had secured the third-highest volume in the past 24 hours. Within that timeframe, the volume exceeded $283 million; over the last seven days, it reached an impressive $1.72 billion. 

Furthermore, the cumulative volume accumulated by the chain surpassed $90 billion. Notably, the network’s liquidity and volume significantly determined its Total Value Locked (TVL). As of this writing, Arbitrum’s TVL stood at over $1.4 billion, placing it ahead of prominent chains such as Polygon and Solana.

ARB shows different prospects

Despite the considerable activity on the Arbitrum network, its native token, ARB, has struggled to surpass the $1 price range. Since its launch, the daily timeframe chart indicated that ARB had consistently fluctuated below the $2 mark. However, it is essential to note that the token’s existence is relatively short.

Is your portfolio green? Check out the Arbitrum Profit Calculator

At the time of writing, ARB was trading at approximately $1.1, representing a modest 3% increase in value. Despite this uptrend, the overall trend remained bearish, as indicated by the Relative Strength Index (RSI) line. 

ARB/USD Price move

Source: TradingView

Additionally, the volume momentum had diminished, based on the volume metric. At press time, ARB’s volume stood at around 164 million, which was significantly lower compared to April’s 2 billion volume.

ARB volume

Source: Santiment


Saman Waris works as a News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins. A graduate in history, Saman worked the sports beat before diving into crypto. Prior to joining AMBCrypto 2 years ago, Saman was a News Editor at Sportskeeda. This was preceded by her stint as Editor-in-Chief at EssentiallySports.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.