ARB Token Surges 18% as DAO Approves 35M Allocation and Watchdog Program Boosts Confidence

Arbitrum (ARBUSDT) has experienced a significant price increase of 18.48% over the past 24 hours, with the current price at $0.3654 on Binance, up from a 24h open of $0.3084. This strong upward movement is attributed to several key developments: the approval of major DAO proposals, including a 35 million ARB allocation to tokenized US Treasurys and the introduction of a Watchdog Program to enhance transparency and security, have increased investor confidence. Additionally, the recent implementation of the Timeboost mechanism has contributed to rising network revenues, further supporting positive sentiment. Despite a net outflow of $37.06 million, the highest among major Layer-2 assets, robust trading activity and renewed interest have driven ARB’s notable daily momentum. The token’s trading volume reached approximately $647.4 million, with a market capitalization of $1.78 billion and a circulating supply of about 4.96 billion ARB, securing its position as a leading Ethereum Layer-2 project.