Offchain Labs, the research and development team behind the Ethereum layer-2 solution Arbitrum, has unveiled a strategic plan to acquire ARB tokens.
Offchain Labs, the research and development team behind the Ethereum layer-2 solution Arbitrum, has unveiled a strategic plan to acquire ARB tokens, the native currency of the Arbitrum ecosystem.
The firm aims to bolster its treasury by gradually purchasing ARB from the open market and through other transactions, although specific details regarding the total number of tokens to be acquired remain undisclosed.
The acquisition will occur over an unspecified timeframe, following a phased approach based on predetermined parameters set by Offchain Labs. The initiative is part of the company’s broader strategy to support the ongoing expansion of the Arbitrum ecosystem, which includes technical advancements such as Arbitrum BoLD, Orbit, and Stylus. The plan is also aligned with various initiatives spearheaded by the Arbitrum DAO.
As of writing, the total supply of ARB stands at 10 billion tokens, providing the project with a fully diluted valuation of around $3.2 billion.
Arbitrum continues to be a leading layer-2 solution on Ethereum, boasting a total value locked of over $2.3 billion. Its flagship network, Arbitrum One, employs optimistic rollups to enhance Ethereum’s scalability by processing transactions off-chain and submitting batched proofs to the Ethereum mainnet.
The circulating supply of ARB has risen significantly, from 2.9 billion tokens in mid-2024 to 4.4 billion currently, primarily due to scheduled unlocks affecting the token’s availability in the market.
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