If you’re among those who have given up on Arbitrum, you may want to change your mind. 

This is because I have discovered 3 things that the developing team is doing that could skyrocket the value of the ARB token before the end of this year. 

Learn about my discovery below.

3 Top Reasons To Buy ARB Tokens Now

If you’re just hearing about ARB, check out this post to understand it.

Arbitrum is a Layer 2 scaling solution on the Ethereum network.

It held one of the biggest airdrops of the year sometime in March 2023, distributing up to $120 million worth of ARB tokens.

Read more: L2 Blockchains Ripe for Airdrops: Don’t Miss #1

So, if you missed the airdrop and have not gotten your hands on ARB tokens from these exchanges, I listed 3 reasons why you need to do so below.

The first one is Account abstraction.

Arbitrum is the first Layer 2 network to push for account abstraction across its entire chain.

In other words, users can create accounts that have different levels of access on the same blockchain.

One account can be used for everyday spending, for example, and another account for saving.

In essence, Arbitrum is moving from the current ‘one-account-fits-all’ model to a future where the account is tailored to the user’s needs.

Once this feature is enabled, users will enjoy new functions on Arbitrum, such as:

• Custom signature schemes
• Paying for gas with any token
• Fraud monitoring
• Batched transactions, etc. 

These new functions mean more utilities for the ARB token, eventually leading to an increase in value.

The Arbitrum Stylus is the second.

Developers on Arbitrum can only code in the Solidity programming language used on Ethereum.

And so, developers skilled in other programming languages like Rust cannot work with Arbitrum.

But with Arbitrum Stylus, developers can create dApps on Arbitrum using other programming languages like Rust and C++.

More developers mean more dApps and more dApps means more demand for ARB. 

Last but not least is the launch of Arbitrum Orbit

Arbitrum Orbit is a developer kit that will help developers create app-specific chains on top of Arbitrum instead of building their apps directly on the main Arbitrum chain.

This is what makes it a good move:

All app chains will create value for ARB by generating transactions that require gas fees to be paid in ARB.

Also, the Arbitrum Foundation is introducing a Grants program that will attract more developers to build on Orbit. 

This means more app-specific chains and more value for ARB!

There’s also a new Ethereum standard that Arbitrum will benefit from. 

It is called EIP-4844.

This standard allows Layer 2 solutions like Arbitrum to provide cheaper transaction fees without paying Ethereum a significant share. 

This means that Arbitrum will retain most of the revenue from fees, helping boost the ARB value. 

With all of these in place, Arbitrum is set to pump by a lot before the end of this year.

If you’re interested in bagging profits in this token, this is the best time to accumulate ARB before the hype begins. 

Nevertheless, this is no financial advice; remember to do due diligence before buying ARB.

If you also want to learn how to trade profitably, then sign up on Bybit.

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See you in the group and my next post.