Markets· ★★· bearish·

ARB Hits Four-Week Low as Losses Outpace Bitcoin and Ether

  • —ARB touched a four-week low, lagging BTC and ETH
  • —OP and POL each lost over 25% over matched four-week windows
  • —Active addresses on Arbitrum One increased despite the price drop
Why it matters: L2 token weakness alongside rising network activity points to a disconnect between price and onchain demand.
Source: The Defiant