- Arbitrum has amassed 22K ETH, *waving* hello to other treasury firms—smug much?
- In a tragicomic twist, ARB token lost 18% of its cheerfulness post Robinhood revelation—oops!
In a bold move befitting the grandest of modern merchants, Arbitrum [ARB] has undertaken a splendid accumulation of Ethereum [ETH], akin to a treasure hunter striking gold. With a stash of precisely 22,009 ETH, it now takes the crown (or shall we say, the crypto tiara?) as the undisputed leader of the Layer 2 ecosystem.
Not to be outdone, the likes of Lido [LDO] and Aave [AAVE] have also elbowed their way into the illustrious top twenty, greedily clutching their treasures.
In a moment worth a hearty chuckle, Tom Wan, the grand sage of data at Entropy Advisors, labeled Arbitrum the ‘most ETH-aligned L2.’ Truly, a backhanded compliment if there ever was one.
It must be noted—like a recurring nightmare—L2s have faced ceaseless criticism for siphoning value from Ethereum’s Layer 1 without offering any discernible uplift. Arbitrum’s ETH hoard, however, adds a delightfully ironic twist to this tale of dissatisfaction.
Robinhood’s Windfall for Arbitrum
In a delightful turn of events—or a madcap farce, depending on your perspective—Arbitrum has soared into the headlines for being drafted as a makeshift settlement layer for Robinhood’s on-chain stocks. Talk about a plot twist worthy of a penny dreadful!
The retail trading platform’s tokenized U.S. equities, now tantalizingly available to eager E.U. users, have seen the sparkling influence of Arbitrum. According to some highly reputable oracle, Coinbase, the introduction of these tokenized stocks has lured a new cast of unsuspecting users to this L2 masquerade.
“New wallets spring forth like mushrooms after rain, while transaction counts remain stratospherically high—likely a confluence of fresh-faced retail excitement alongside the ever-present high-frequency trading brigade.”
The delightful chart accompanying our narrative shows daily active addresses (the blue hero) soaring valiantly from 800K to over a million. Quite a rollercoaster, wouldn’t you agree?
However, let’s not overlook that the transaction count has miraculously remained virtually unchanged, suggesting that the big boys of the L2 kingdom continue to wield the gavel of authority.
Moreover, Arbitrum has also revelled in a delightful influx of stablecoin balance and substantial monthly inflows, operating like a well-oiled machine amidst the chaos. In a theatrical month, Ethereum boasted a staggering $9.7 billion inflow, with Arbitrum trailing delightfully behind at a meager $1.5 billion.
After the latest episode of ‘As the ARB Turns’ post-Robinhood update, the native token initially ballooned by a whopping 5% but, in a twist that even the best novels fail to capture, it later ballooned to an exuberant 18%—only to be met with the unforgiving reality of a return to the dull support zone around $0.30. The tragicomic struggles of the bulls, indeed!
As trading volumes took a nosedive akin to a poorly executed slapstick gag, the OBV graph echoed the somber tune. Unless these volumes resurrect alongside a fervent buying brigade, the bulls may find themselves wrestling painfully in the murky depths of $0.30. What a farce!
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2025-07-05 22:19