Derived from 528btc, Arbitrum's ARB token surged over 11% in 24 hours, showing a potential double-bottom pattern. Network activity rose sharply, with weekly active addresses increasing 135% to over 2 million, and developer activity hitting a three-month high. Total Value Locked (TVL) on the chain grew 7% this month to approximately $6.53 billion, while Perp and DEX trading volumes remained at around $63.9 million and $60.7 million, respectively. Traders are now watching whether ARB can break through the $0.24 resistance level.
Arbitrum's ARB Surges 11% Amid Rising Network Activity
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