Arbitrum, a Layer 2 Ethereum scaling platform, has seen its native token, ARB, increase by almost 50% over the past month, due to increased activity on the platform.
Increased adoption of Arbitrum for transactions has mitigated the negative impact of recent market volatility.
This bullish trend has positioned ARB ahead of other popular tokens such as Optimism, Binance Coin (BNB), and Solana (SOL), which saw respective growth of 47%, 25%, and 19% over the same timeframe.
Analysts attribute ARB's recent strength to its successful integration into existing DeFi protocols.