What is the current price of Arbitrum (ARB)?

The current price of Arbitrum (ARB) is 0.506248456397187 AUD, representing a -13.97 from the day prior.

Can I buy Arbitrum (ARB) on Coinstash?

Yes - you can easily buy and sell Arbitrum (ARB) on Coinstash. Simply login or sign up, to start buying Arbitrum (ARB) in minutes.

Where is the best place to buy Arbitrum (ARB) in Australia?

The best place to buy Arbitrum (ARB) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Arbitrum (ARB) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Arbitrum (ARB)?

The trading volume of Arbitrum (ARB) is 603.0M AUD in the last 24hrs, representing a -13.97 from the day prior.

How can I buy Arbitrum (ARB)?

Arbitrum (ARB) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Arbitrum (ARB)?

The current market cap of Arbitrum (ARB) is 2.5B AUD.

Can I convert Arbitrum (ARB) to cash?

Yes - With Coinstash you can convert your Arbitrum (ARB) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Arbitrum (ARB) are there?

The current circulating supply of Arbitrum (ARB) is 4.9B.

Is Coinstash a safe place to buy Arbitrum (ARB) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Arbitrum (ARB) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Arbitrum (ARB)

What is Arbitrum?

Arbitrum is a layer 2 scaling solution for Ethereum, designed to enhance the scalability of the Ethereum blockchain, improve the speed of transactions, and reduce transaction costs. It utilises optimistic rollup technology to achieve these goals while maintaining a high level of compatibility with Ethereum smart contracts.

How does Arbitrum work?

Arbitrum works by implementing optimistic rollups, a technology that offloads computation and data storage from Ethereum to reduce congestion and costs. It batches multiple transactions into a single one, which is then recorded on the main Ethereum blockchain. This process allows for efficient verification of transactions, utilising Ethereum's security features. Arbitrum also supports smart contracts with high compatibility at the bytecode level, allowing for seamless integration of dApps.

What are the potential use cases for Arbitrum?

Potential use cases for Arbitrum include:

Decentralised Finance (DeFi): Used by platforms like Uniswap and Aave to decrease transaction fees and improve scalability.
Gaming: Applied by projects such as Immutable X and Axie Infinity to handle NFT transactions and in-game assets efficiently.
Non-Fungible Tokens (NFTs): Employed by NFT marketplaces like OpenSea for more efficient and cost-effective transaction processing.
Decentralised Autonomous Organisations (DAOs): Utilised for scalable and efficient governance processes.
Cross-Chain Solutions: Enabling faster and cheaper transactions across different blockchains.

What is the history of Arbitrum?

Arbitrum was developed by Offchain Labs, which was founded in 2018 by Ed Felten, Steven Goldfeder, and Harry Kalodner. The network officially launched on August 31, 2022. Arbitrum has seen significant partnerships, such as integration with Coinbase and a proposed transition to a decentralised autonomous organisation (DAO) governed by ARB token holders. The platform has achieved substantial milestones, including reaching high transaction volumes and securing large amounts of value locked in its smart contracts. Future developments include the implementation of a staking mechanism and the preparation for upcoming Ethereum upgrades to enhance efficiency.