![Arbitrum ARB Token Sets Record-High Price as Value Locked Crosses $2.5B Arbitrum ARB Token Sets Record-High Price as Value Locked Crosses $2.5B](https://digitallifegaming.com/wp-content/uploads/2024/01/ZNBCQHDUMZC75DHEBMSZBYETGQ-768x402.jpg)
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The price has climbed some 10% in the past 24 hours, beating the broader crypto market, while on-chain volumes on Arbitrum-based applications crossed $920 million. The CoinDesk Market Index dropped 1.7% in the same period. The Arbitrum influx overtook volumes of Solana-based applications, which boomed after a meme coin-led frenzy in December.
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