In accordance with 528btc, Arbitrum's ARB token surged over 11% in the past 24 hours, outpacing the broader crypto market's 7% rebound. The price increase coincided with a potential double-bottom pattern on the 4-hour chart and a 135% weekly rise in active addresses on Arbitrum One. Despite a 7% increase in total value locked (TVL) to $6.53 billion, perpetual and DEX trading volumes remained stable at $639 million and $607 million, respectively.
Arbitrum's 11% Price Surge Amid Rising Network Activity
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