Key Information About Arbitrum and ARBPurpose: Arbitrum uses optimistic rollups to process transactions off-chain, bundling them into batches before submitting to Ethereum's mainnet. This improves scalability, reduces fees, and maintains compatibility with Ethereum's ecosystem.Native Token (ARB):Role: ARB is primarily used for governance within the Arbitrum DAO, allowing token holders to vote on proposals, fund allocations, and elect the 12-member Security Council responsible for managing the treasury. It also incentivizes validators and facilitates low-cost transactions.Total Supply: 10 billion ARB tokens, with an initial circulating supply of approximately 4.76 billion as of recent data.Inflation Rate: Maximum yearly inflation of 2% to control token supply growth.Token Launch: ARB was officially launched on March 23, 2023, with an airdrop distributing 12.75% of the total supply to early users and DAOs based on a point-based system for network interaction.Development: Created by Offchain Labs, founded by Ed Felten, Steven Goldfeder, and Harry Kalodner, former Princeton researchers with expertise in computer science, cryptography, and blockchain. Offchain Labs raised $123.7 million in funding, valuing the company at $1.2 billion.Current Market Data (as of recent sources)Price: Approximately $0.31–$0.46 USD, with fluctuations noted across sources. For instance, CoinMarketCap reported $0.4599, while Coinbase listed $0.31.Market Cap: Around $1.31 billion to $2.2 billion, ranking ARB #44–#98 among cryptocurrencies.24-Hour Trading Volume: Between $114.74 million and $879 million, indicating high market activity.Circulating Supply: ~4.76 billion ARB tokens.All-Time High: $2.40; current price is significantly below this peak.Fully Diluted Valuation (FDV): Approximately $4.6 billion if all 10 billion tokens are in circulation.#ARB