Issues and Advantages of $ARB

As the leading L2, ARB has excellent technical and fundamental aspects, but it also has many issues!

Is the ARB token good? From a technical perspective, it is indeed good. Its advantages include being the only leading project in L2, the most active L2 project on-chain, having the highest TVL among L2 projects, being the second in new contract deployments among L2 projects, and having the highest user awareness among L2 projects. With numerous titles and the airdrop benefiting many retail investors, it appears to be a high-quality coin. However, its issues are quite prominent:

1. The project team is neglecting its responsibilities + data is not transparent, specifically: the community has proposed multiple times to empower ARB, but there have only been responses without actions. Investors and the team hold 44.47% of the chips, and although according to official information, the lock-up period is one year, the official has mixed and scattered addresses through multiple paths, and some of those addresses are from other sources of ARB, making it currently impossible to track all the addresses of the project team.

2. The token economics ignore empowering the ARB token. Currently, the ARB token can only be used in DEFI for liquidity to earn interest + community governance (which is not useful at all). In the future, it will just be speculation where value exceeds actual worth.

3. There are many competing L2 products, whether BASE, scroll, op, zk, stk, uni, etc., all have the momentum and strength to share ARB's current TVL, yet the project team has not taken action and lacks a strong sense of crisis.

In summary, I acknowledge ARB's current market value capture capability and the strength achieved through technical aspects + first-mover advantage. I believe that if there are optimizations in the token economic model in the future, ARB will become a high-quality buying target.