#ARBUSDT token is the native asset of the Arbitrum ecosystem.
Function: ARB is primarily a governance token for the Arbitrum DAO (Decentralized Autonomous Organization).
Governance: Holders of ARB can vote on proposals that determine the future of the network, such as protocol upgrades and how treasury funds are allocated.
Note: Unlike some other tokens, ARB is not used for paying transaction fees on the Arbitrum network; those fees are paid in
#ETH (Ethereum).
ARB/USDT Data (Approximate Current Data):
Price (ARB to USDT): Approximately $0.19 - $0.20 USDT per #ARB
Market Cap: Roughly $1.1 - $1.6 billion (placing it within the top 40-90 cryptocurrencies by market capitalization).
All-Time High (ATH): Approximately $2.39 - $2.42
#USDT (reached in early 2024).