Arbitrum Price Soars 15%, Driven by Ecosystem Confidence and Acquisition

Arbitrum’s price has experienced a significant surge over the past 24 hours, rising over 15% to reach nearly $0.55 per token. This jump follows a wave of positive developments within the Arbitrum ecosystem, including GMX’s $44 million hack compensation plan and Offchain Labs’ acquisition of ZeroDev. The increased activity is boosting confidence among traders, contributing to a notable rise in trading volume, which reached $1.45 billion in the last 24 hours. These factors have ignited bullish sentiment as the token’s market capitalization climbed to over $2.8 billion.