The Arbitrum layer-2 network has reached a record TVL of $3.682 billion, its all-time high (ATH).
A year ago, its value was around $2.458 billion. This represents a nearly 50% increase in just twelve months. The question now is, can this momentum also boost the price of ARB?
Arbitrum ecosystem shows stronger fundamentals
DefiLlama’s latest data shows the foundation of the Arbitrum ecosystem is strengthening. The network’s stablecoin capitalization now stands at $4.185 billion.
In the past 24 hours, the network recorded $29,608 in transaction fees and $28,613 in revenue. These figures demonstrate a steady flow of fees from dApp usage.
Furthermore, app revenue has surged to $378,198 per day, while app usage fees reached $1.55 million.
Conversely, trading activity is also robust. Daily DEX volume recorded $951.96 million, while the perpetual derivatives (PERPS) market posted $1.081 billion. Inflow into the network over the past day was also quite strong, around $277.3 million, further confirming that liquidity has not slowed down.
However, the real attraction lies in the level of participation. The number of daily active addresses reached 426,091, demonstrating that not only institutions but also retail users remain actively engaged with the ecosystem.
The combination of steadily rising TVL, large inflows, and high trading volumes suggests that the network remains on a growth path.
ARB price stands at a key support zone
Although fundamentals appear solid, the price of ARB is at a crucial juncture. According to popular analyst Tektonic, the token is currently testing the crucial support zone at $0.43.
This level has acted as a price barrier several times and is therefore considered a key area for a potential bullish rebound.
However, there are obstacles that cannot be ignored. The main resistance level lies at $0.5740, an area that previously triggered price rejection. If a breakout occurs above this level, the altcoin’s next target could be $0.6245.
The analyst added that the key to the success of this bullish scenario lies in volume and momentum during the breakout. Without both, the price could return to sideways movement around the support area.
Conversely, should the price drop, the first support level to watch is $0.4407, according to CoinLore, which, if it also fails to hold, could result in a further decline to the next support level at $0.3767.