No, your eyes do not deceive you. This is not a drill.

At long last, ARB is here. Arbitrum is (finally) dropping its token.

One of the most anticipated token launches in crypto history, ARB will be used to govern over the Arbitrum ecosystem, and yes, will be airdropped to early users.

But that’s not the only big news of the day.

Arbitrum has also announced Arbitrum Orbit, a framework for creating L3s that settle to Arbitrum-based rollups.

Have a few minutes to take a break from watching TradFi immolate? If so, I’ll break down all you need to know about ARB and Orbit, their impact on the Arbitrum ecosystem, and how these releases are set to shake up the increasingly fierce “Layer 2 Wars.”