Arbitrum Jumps 8% – Can $ARB Break the Crucial $0.35 Ceiling?

By: crypto news|2025/05/09 02:00:07
0
Share
copy
Arbitrum ($ARB) is currently trading at $0.3328, reflecting an 8.6% gain over the past 24 hours. The Ethereum Layer-2 scaling solution saw a 72% surge in trading volume, with more than $183 million worth of ARB exchanged within the day.This momentum propelled $ARB to become the 54th-largest cryptocurrency by market capitalization, now valued at $1.58 billion, according to CoinMarketCap.Arbitrum Outpaces Rivals in Total Value Locked As USDC Adoption GrowsWhile $ARB remains well below its January 2024 peak of $2.40, recent on-chain data suggests the protocol is regaining its footing in the DeFi and broader Layer-2 ecosystem.Arbitrum boasts over $2.3 billion in total value locked (TVL) across its DeFi protocols, surpassing rivals like Sui, Avalanche, and Aptos, despite their higher market capitalizations.Arbitrum Leads Competitor in on-chain Metrics/ Source: DefilLamaArbitrum also outperforms other prominent Layer-2 networks, including Polygon, Mantle, Optimism, and Starknet, across most on-chain metrics. This week, it topped the leaderboard for net inflows among all chains.Top chains by net inflows this week:ArbitrumBaseEthereum pic.twitter.com/OLhAHpHSya— DefiLlama.com (@DefiLlama) May 7, 2025One major contributor to Arbitrum’s DEX growth is Camelot, a decentralized exchange under the Orbital Liquidity Network, which has facilitated over $57 billion in total trading volume and generated $52 million in fees.The stablecoin ecosystem on Arbitrum is also expanding rapidly. For example, the network now holds over $2.8 billion in stablecoin supply, bolstered by support from Circle, the issuer of $USDC.USDC crosschain transfers to Arbitrum just got faster with Circle’s CCTP V2!Anyone can now swap, trade, and pay with @USDC seamlessly from anywhere directly on Arbitrum https://t.co/BVwPCNoaS9— Arbitrum (@arbitrum) May 2, 2025Recently, Circle introduced cross-chain $USDC transfers to Arbitrum through its Cross-Chain Transfer Protocol (CCTP), allowing global users to send, trade, and pay with $USDC natively on the chain.Gaming Ecosystem on Arbitrum Booms with $200M Funding InitiativeArbitrum’s ecosystem is flourishing, with over 900 active DApps ranging from DeFi tools to gaming.According to DappRadar, more than 25 Web3 games have gained traction on the network, with at least 10 of them seeing rising user activity and revenue.Top Web3 Games on Arbitrum/ Source: DappRadarFurther strengthening its commitment to gaming, Arbitrum Gaming Ventures (formerly The Gaming Catalyst) recently announced the first wave of investments and grants under its $200 million initiative to boost gaming and entertainment on the network. The inaugural cohort will receive $10 million in capital to fund new studios, game distribution models, and high-quality content development. Studios like Proof of Play, Hyve Labs, and Wildcard are among the first to benefit.$ARB Technical Outlook: Bullish Breakout Targets $0.3815The 4-hour $ARB/$USDT chart shows a bullish breakout from a descending wedge pattern.After consolidating near the key support level of $0.2923, a strong bullish engulfing candle breached the upper boundary of the wedge. $ARB eyes $0.35 Mid-target/Source: TradingViewThis move was followed by two green candles with minimal lower wicks, indicating sustained buying momentum and limited selling pressure.The most recent candlestick closed near its session high, reinforcing bullish dominance. Meanwhile, the Relative Strength Index (RSI) has surged to 67.78, approaching overbought territory but not yet indicating a reversal.#ArbArbitrum is consolidating within a strong range on a 2h chartIf confirmed, we might see $ARB surge towards targets at $0.51, $0.54, $0.56, $0.58 and potentially $0.61Crypto Traders-join Telegram https://t.co/4ApYM0VIA5 . pic.twitter.com/n75fkFlP00— Whales_Crypto_Trading (@WHALES_CRYPTOzz) May 8, 2025If $ARB sustains this bullish move and closes above that level with continued volume, the second target at $0.3815 becomes the next logical area of interest. This level coincides with a previous resistance from late April and may act as a profit-taking zone.The post Arbitrum Jumps 8% – Can $ARB Break the Crucial $0.35 Ceiling? appeared first on Cryptonews.

You may also like

WEEX AI Wars II: Enlist as an AI Agent Arsenal and Lead the Battle

Where the thunder of legions falls into a hallowed hush, the true kings of arena are crowned in gold and etched into eternity. Season 1 of WEEX AI Wars has ended, leaving a battlefield of glory. Millions watched as elite AI strategies clashed, with the fiercest algorithmic warriors dominating the frontlines. The echoes of victory still reverberate. Now, the call to arms sounds once more!

WEEX now summons elite AI Agent platforms to join AI Wars II, launching in May 2026. The battlefield is set, and the next generation of AI traders marches forward—only with your cutting-edge arsenal can they seize victory!

Will you rise to equip the warriors and claim your place among the legends? Can your AI Agent technology dominate the battlefield? It's time to prove it:

Arm the frontlines: Showcase your technology to a global audience;Raise your banner: Gain co-branded global exposure via online competition and offline workshops;Recruit and rally troops: Attract new users, build your community and achieve long-term growth;Deploy in real battle: Integrate with WEEX’s trading system for real market use and get real feedback for rapid product iteration;Strategic rewards: Become an agent on WEEX and enjoy industry leading commission rebates and copy trading profit share.

Join WEEX AI Wars II now to sound the charge!

Season 1 Triumph: Proven Global Dominance

WEEX AI Wars Season 1 was nothing short of a decisive conquest. Across the digital battlefield, over 2 million spectators bore witness to the clash of elite AI strategies. Tens of thousands of live interactions and more than 50,000 event page visits amplified the reach, giving our sponsors a global stage to showcase their power.

Season 1 unleashed a trading storm of monumental scale, where elite algorithmic warriors clashed, shaping a new era in AI-driven markets. $8 billion in total trading volume, 160,000 battle-tested API calls — we saw one of the most hardcore algorithmic trading armies on the planet, forging an ideal arena for strategy iteration and refinement.

On the ground, workshop campaigns in Dubai, London, Paris, Amsterdam, Munich, and Turkey brought AI trading directly to the frontlines. Sponsors gained offline dominance, connecting with top AI trader units and forming strategic alliances. Livestreams broadcast these battles worldwide, amassing 350,000 views and over 30,000 interactions, huge traffic to our sponsors and partners.

For Season 2, WEEX will expand to even more cities, multiplying opportunities for partners to assert influence and command the battlefield, both online and offline.

Season 2 Arsenal: Equip the Frontlines and Command Victory

By enlisting in WEEX AI Wars II as an AI Agent arsenal, your platform can command unprecedented visibility, and extend your influence across the world. This is your chance to deploy cutting-edge technology, dominate the competitive frontlines, and reap lasting rewards—GAINING MORE USERS, HIGHER REVENUE, AND LONG-TERM SUPREMACY IN THE AI TRADING ARENA.

Reach WEEX’s 8 million userbase and global crypto community. Unleash your potential on a global stage! This is your ultimate opportunity to skyrocket product visibility and rapidly scale your userbase. Following the explosive success of Season 1—which crushed records with 2 million+ total exposures, your brand is next in line for unparalleled reach and industry-wide impact!Test and showcase your AI Agent in real markets. Throw your AI Agents into the ultimate arena! Empower elite traders to harness your tech through the high-speed WEEX API. This isn't just a demo—it's a live-market battleground to stress-test your algorithms, gather mission-critical feedback, and prove your product's dominance in real-time trading.Gain extensive co-branded exposure and traffic support. Command the spotlight! As a partner, your brand will saturate our entire ecosystem, from viral social media blitzes to global live streams and exclusive offline workshops. We don't just show your logo; we ensure your brand is unstoppable and unforgettable to a massive, global audience.Enjoy industry leading rebates. Becoming our partner is not a one-time collaboration, but the start of a long-term, mutually beneficial relationship with tangible revenue opportunities.Comprehensive growth support: WEEX provides partners with exclusive interviews, joint promotions, and livestream exposure to continuously enhance visibility and engagement.

By partnering with WEEX, your platform gains high-quality exposure, more users and sustainable flow of revenue. The Hackathon is more than a competition. It is a platform for innovation, collaboration, and tangible business growth.

Grab Your Second Chance: Join WEEX AI Wars II Today

The second season of the WEEX AI Trading Hackathon will be even more ambitious and impactful, with expanded global participation, livestreamed competitions, and workshops in more cities worldwide. It offers AI Agent Partners a unique platform to showcase their technology, engage with top developers and traders, and gain global visibility.

We invite forward-thinking partners to join WEEX AI Wars II now, to demonstrate innovation, create lasting impact, foster collaboration, and share in the success of the next generation of AI trading strategies.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobal Group

Nasdaq Enters Correction Territory | Rewire News Morning Brief

Tech Stocks are a Minefield

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

What can achieve an AI shopping closed loop is platforms that already have a complete ecosystem, not AI companies that have to build everything from scratch.

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

The $2 Billion fundraising itself is not important; what matters is who is writing this check.

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

From Emission to Throughput: Five Key Contrasts between the Bittensor Subnet and Virtuals Agents.

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

The crypto industry is betting on the emerging Internet of Things economy, claiming that blockchain infrastructure was always meant for machines from the outset.

Popular coins

Latest Crypto News

Read more