Arbitrum Price Rockets 37% in Single Day to $1.1 High
Arbitrum's price surged 37% in a single day to hit a four-month high, breaking above $1.1 on September 1.
This breakout rally came amidst market volatility, with cryptocurrencies trending lower that day.
The strong rebound is attributed to recent technical upgrades and increased inflows of real-world asset capital into the Arbitrum ecosystem.
These upgrades include the ArbOS 61 upgrade, which expanded Stylus contract capacity fourfold and reduced data availability costs.