Arbitrum (ARB) is a cryptocurrency launched in 2023and operates on the Arbitrum platform. Arbitrum has a current supply of 10,000,000,000 with 4,963,238,296 in circulation. The last known price of Arbitrum is 0.34612898 USD and is down -6.40 over the last 24 hours. It is currently trading on 1153 active market(s) with $668,193,515.21 traded over the last 24 hours. More information can be found at https://arbitrum.foundation.
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The crypto market has started the week on a bullish note, registering a jump of over 2% and rising to $2.75 trillion as cryptocurrency prices registered a sharp increase thanks to a perceived threat to the Federal Reserve's independence after President Trump's comments on Fed Chair Jerome Powell.
Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi).
TL;DR Converge, the upcoming blockchain developed by Ethena and Securitize, is scheduled to launch its mainnet by the end of Q2 2025. It will leverage Arbitrum's scalability technology and Celestia's data availability layer to deliver superior performance with low latency.