Is this round of the bull market for $ARB worth holding???
As the leader of L2, ARB has both excellent technical and fundamental aspects, but there are also numerous issues!
Is the ARB token good? From a technical perspective, it is indeed good, with advantages that include being the only leading L2 project, the most active L2 project on-chain, the L2 project with the highest TVL, the second highest new contract deployment among L2 projects, and the L2 project with the highest user awareness. With so many titles, the airdrop back then also benefited a group of retail investors, making it look like a potential hundredfold coin in the future. However, it also has very prominent problems:
1. The project party is neglecting its responsibilities + data is not transparent, specifically: the community has proposed multiple times to empower ARB, but there has only been response without action. 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 used multiple addresses and paths to mix and disperse, and among them, some addresses have other sources of ARB, making it currently impossible to fully track the project party's addresses.
2. The token economics neglects to empower the ARB token. Currently, the ARB token can only be used in DEFI for liquidity interest earning + community governance (which is of no real use). In the future, it will be more about speculation with value greater than actual value.
3. There are many competitors in L2, whether it is BASE, scroll, op, zk, strk, etc., all of which have the momentum and strength to divide ARB's current TVL, yet the project party has not taken action and shows a lack of crisis awareness.
In summary, I acknowledge ARB's current market value capture ability and recognize the achievements obtained from ARB's technical strength + first-mover advantage. However, I do not invest in ARB because I believe it currently lacks value capture ability; I will neither buy nor hold.
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