Arbitrum is a Layer 2 scalability solution built on Ethereum (ETH). It improves transaction speed and reduces costs while maintaining network security. The blockchain achieves this using 'optimistic rollups', which process transactions off-chain and send them to the Ethereum mainnet for validation.
Arbitrum will release a new supply of 92.65 million tokens to the market on August 16. The tokens are worth 42.85 million dollars and represent 1.8% of its market capitalization.
The team, future team, and advisors will receive 56.13 million ARB from the released supply. Additionally, Arbitrum will grant 36.52 million tokens to investors.