Arbitrum Price Soars: Will Growth Continue with Major Acquisition?

Arbitrum, a Layer 2 scaling solution for Ethereum, is experiencing a remarkable price surge today. Trading at $0.5437 – up over 16% and with trading volume jumping by 128% – it’s currently the second biggest gainer in the market. This rally follows Offchain Labs, the team behind Arbitrum, announcing a significant acquisition: ZeroDev. ZeroDev is a smart account infrastructure provider powering over five million wallets, promising to revolutionize user experiences in DeFi and gaming by eliminating seed phrases, enabling gasless transactions, and simplifying cross-chain interactions.