Arbitrum
Cryptocurrency
1 Year Change
↑11.32%
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Arbitrum (ARB)

ARB/ZAR: Convert Arbitrum (ARB) to South African Rand (ZAR)

Arbitrum is a layer-2 scaling solution built on top of the Ethereum blockchain that allows Ethereum transactions to be processed faster and cheaper. Arbitrum is fully compatible with Ethereum’s applications, it can run thousands of transactions per second at a cost of less than a fraction of a cent. Arbitrum stands out as being one of the largest layer-2 scaling solutions in crypto.

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Arbitrum (ARB) Price

ARB Last Price
R5452.78
ARB 1y Return
↑11.32%
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ARB
ZAR
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Pricing data is provided by Altify and excludes fees. Visit our Pricing page for more information on all fees and charges.

Arbitrum (ARB) Returns

As of December 12, 2023 11:00 PM GMT+2

24 hours

↑11.32%

1 month

↑11.32%

3 months

↑11.32%

6 months

↑11.32%

1 year

↑11.32%

Since Inception*

↑11.32%
* The Arbitrum (ARB)  inception date was 22 November 2018.

About Arbitrum (ARB)

What is Arbitrum (ARB)?

Arbitrum is a Layer 2 solution designed to scale the Ethereum blockchain by enhancing its speed and efficiency through optimistic rollups.

Rollups are a Layer 2 technology that processes transactions off-chain, submitting only cryptographic proof back to Ethereum. Optimistic rollups assume transactions are valid unless contested.

This approach boosts transaction throughput and lowers gas fees while preserving Ethereum's security.

Arbitrum uses Ethereum's Solidity smart contracts to power decentralised applications (dApps) across various sectors, such as decentralised finance (DeFi), NFTs, payments, and gaming.

Arbitrum's native token, ARB, is an infrastructure token, supporting the functionality, efficiency, and security of the Arbitrum network and its dApps. It specifically covers transaction costs on Arbitrum.

How Does Arbitrum (ARB) Work?

Arbitrum uses optimistic rollups to enhance Ethereum's scalability. It’s compatible with unmodified Ethereum Virtual Machine (EVM) contracts and transactions, allowing existing Ethereum DApps to run on Arbitrum without code alterations. Arbitrum is designed to process a high volume of transactions per second, aiming to reduce fees and speed up transaction finalisation. With Stylus, its upcoming EVM+ feature, developers can deploy programs written in popular languages like Rust and C++. Arbitrum operates on a decentralised network of validators who stake ARB tokens and are rewarded for securing the network, without relying on a centralised operator or sequencer for transaction ordering.

The History of Arbitrum (ARB)

Arbitrum was developed by Offchain Labs, a New York-based company founded by former Princeton University researchers Ed Felten, Steven Goldfeder, and Harry Kalodner, who have deep expertise in computer science, cryptography, and blockchain. In 2021, Offchain Labs secured funding in a Series B round led by Lightspeed Venture Partners, significantly boosting the company's valuation. The introduction of the Arbitrum DAO marked a move towards decentralised governance, with the ARB token serving as the governance token. In March 2023, Arbitrum conducted an airdrop of ARB tokens to early users and DAOs building on the platform, with the token generation event occurring on March 23, 2023. Arbitrum also outlined a detailed roadmap for 2023, signalling continued growth and development.

What Makes Arbitrum (ARB) Unique?

Arbitrum leverages optimistic rollups to offer developers a more scalable and cost-effective platform compared to Ethereum layer one, making it an attractive solution for those facing Ethereum's scalability and cost challenges. With its upcoming EVM+ equivalence feature, Stylus, Arbitrum will also allow developers to deploy programs written in popular languages like Rust and C++. Governance within the Arbitrum ecosystem is driven by the ARB token, which gives holders the ability to vote on proposals related to protocol upgrades, feature development, fund allocation, and the election of a Security Council, shaping the future of the network.

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How to Buy Arbitrum (ARB)

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ARB markets

Explore popular ARB trading pairs on Altify. You can swap ARB for FIAT and stablecoins.

ARB to USD
ARB to GBP
ARB to EUR
ARB to ZAR
ARB to USDC
ARB to USDT
USD to ARB
GBP to ARB
EUR to ARB
ZAR to ARB
USDC to ARB
USDT to ARB

Crypto Risk Disclosure

High Volatility and Risk of Loss:

Investing in crypto assets involves significant risk, and may result in the loss of capital. Cryptocurrency markets are highly volatile and may experience sudden and substantial fluctuations in value. As such, there is a possibility that you may receive an amount less than your original investment or experience a complete loss of your initial investment's value.

Remember past performance doesn’t guarantee future results and we can’t guarantee returns since asset prices move based on supply and demand, so never trade with funds you can’t afford to lose.

Altify does not provide investment advice or recommendations. As an investor, you are responsible to make decisions regarding your investments. You should seek professional advice if you're uncertain about the suitability or appropriateness of any investment for your specific circumstances or needs.

Lack of Regulation and Protections:

While the cryptocurrency industry is gradually becoming more regulated, it remains largely unregulated. As a result, your holdings are not protected by any government-backed insurance scheme or financial services compensation scheme. In the event of a loss, theft, or cyber attack, there is no guarantee that you will be able to recover your funds.

Irreversibility of Transactions:

Crypto transactions are irreversible. Sending funds to an incorrect address or falling victim to fraudulent activities may result in the permanent loss of your assets. Ensure all transaction details are correct before proceeding.

Market Liquidity and Accessibility:

Under certain market conditions, it may be difficult or impossible to liquidate a position quickly at a reasonable price. The value of your crypto assets is driven by market demand, which can fluctuate and potentially result in a total loss of value.

Tax and Legal Considerations:

Investing in cryptocurrencies may result in tax liabilities. It is your responsibility to understand and comply with your local tax laws and regulations. Cryptocurrencies may also be subject to changes in legislation that could affect their use, value, and legality.

Further information can be found in the General Risk Disclosures and Crypto Risk Disclosures on our website. Investments should only be made by investors who understand these risks.