Ethereum
3.20% of ARB tokens to be unlocked on July 16 — TradingView News
Coindar
Arbitrum will unlock 92 million ARB tokens on July 16, representing approximately 3.20% of the currently circulating supply.
Information about ARB
Arbitrum is a Layer 2 scaling solution designed for the Ethereum network. Its goal is to increase the scalability of Ethereum while preserving its decentralization and security.
Arbitrum works by aggregating many off-chain transactions and then submitting a single, combined proof of all of these transactions to the Ethereum base layer. This significantly reduces the amount of computation and storage that the Ethereum network must handle, allowing it to support a much higher transaction throughput.