ARB Protocol's growth may not imply a bright future, find out what this means
Despite its impressive outlook, there are many indications that show that the growth of the ARB Protocol is, at best, superficial in nature. To begin with, the trading volume of the protocol has slumped by more than 66%, a showcase that not many investors are currently stacking up on the token, nor are there traders trading it as such.
With poor demand inversely proportional to the price of the asset, we can at least attribute the WTD momentum to the ecosystem hype about the growth of the protocol's community. As announced by the outfit, the community on Discord just hit a new milestone of 1,000 members in what can be described as a relatively unimpressive ecosystem milestone.
ARB Protocol, has, however, been launching a series of staking products that might have truly transformed the perception of investors about the protocol as a whole. Should it be regarded as the dominant outlet for obtaining high staking yield on Solana, it may likely attract more of an embrace over time.
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