As Arbitrum's price falls behind key competitors, traders are watching to see if increased trading activity and new ecosystem investments can help it regain ground.
ARB's price faces downward pressure
Arbitrum's price has declined significantly over the last month, falling by
↘34%
. This move places the asset
↘88%
below its previous all-time high.
Competitors show stronger performance
This price action has trailed other major projects in the Layer 2 category. Over the last 24 hours, ARB's price fell
↘1%
while competitor UNI saw a
↗4%
gain, and ZK surged
↗27%
over the past week.
Trading interest and development efforts increase
Despite the price drop, trading volume for ARB grew by
↗15%
, while the broader market saw a decline. The project is also pursuing growth, with recent news including a $40M
DeFi Renaissance Incentive Program and new funding for
network security audits.