# $ARB is finally here By [HadiFab](https://paragraph.com/@hadifab) ยท 2023-03-23 --- The long wait of $ARB has finally come to an end!!! Ethereum's eldest son ARBITRUM token is about to be airdropped to many people who were seeking it since two years ago Most of the new blockchains with a modern technology are supposed to be ETH killers like many different EVM chains that we saw failed in achieving this goal, but this time Arbitrum is here not for the purpose of rivalry but for helping Ethereum network get a little more space to breathe, no one can deny how scalable Ethereum is but for what trade off ? High gas fees Ethereum network was fcongested enough and the Ethereum foundation thought of making more space for more transactions and less gas fees so they decided to create L2 chains, Ethereum Layer 2 chains purpose was never killing their mother ETH but to expand it , some L2 chains are already helping Ethereum network users like Polygon, Optimism, Metis , Immutable and etc but any of them could reach the ultimate goal of lowering ETH mainnet fees? The short answer is not much for now but When? It might take some time to see the market cap flows into L2s but Arbitrum can accelerate this process, How? Arbitrum network is built already and has been working for two years, but only DeFi active users know about it because there were no tokens or coins to represent this project on the market index so it wasn't so easy to find and trust it but this is going to change after $ARB listing, only 625k wallets are eligible to receive $ARB airdrop and this shows not so many people know about ETH L2s , but airdrop hunters mostly do ๐Ÿ˜. How $ARB token will impact ETH network digestion? Well, after getting listed in almost all the Centralized Exchanges (CEXes) or Decentralized Exchanges (DEXes) people will see this token among top tokens in many sources like Coingecko or Coin Market Cap and will put more trust in the network because it's one of the best tokens out there and will invest with a peace of mind so it consequently will happen to raise the number of transactions on Arbitrum and lower those on ETH because they would have cost them much more fees on the mainnet and the main reason that stopping them is lack of ARB token , I believe most of NFT projects are using ETH network or Solana only for their overvalued market cap, if they begin to understand L2s are much better in terms of fees and speed they will definitely launch their projects on L2 like Arbitrum instead of mainnet, No one is happy with paying so much fees !!! These factors will impact Arbitrum price as well. $ARB price??? Well for the price No one can assure you about the prices but let's see what we have now !!! $ARB is a token not a coin so you can't use it to pay gas fees on the network, then we still need $ETH but so much less than mainnet mostly under $1 which is a good feature, since we can't compare it with other L1 and L2 coins at the first sight, the main utility of the token is governance, you can participate in DAO polls and vote based on your bag of $ARB tokens like its brother Optimism, basically the more tokens you have the more weight your vote will have in the results, Arbitrum is planned to be fully decentralized so it should have the DAO to take care of the further decisions about the network and many projects on that, so we can value the token based on comparison with tokens with the same utility. The largest DAO belongs to Uniswap (UNI) $UNI market cap: $4.56 billion Treasury: $2.7 billion Members: 374.1K Participation rate: 1.6% If we consider UNI DAO the top and on another side Optimism DAO we may see ARB DAO becoming the second or third largest DAO, Arbitrum has $3.85 billion locked into its Ethereum rollup network, Aribtrum One. According to L2 Beat, a layer 2 analytics site, Arbitrum holds 55% of the Ethereum Layer 2 market share Arbitrum One has more than 23M transactions in the past month which is second only to Ethereum mainnet with 31M transactions, for the record daily TPS(Transactions Per Second) on Arbitrum One is 15.9 vs 12.52 for Ethereum that Arbitrum has the small edge over Ethereum mainnet. Considering these factors we can expect $ARB becoming one of the best tokens in the market, though the tokenomics are not explained in details but the initial circulating supply will be 1.3B tokens for the first year which is about 12.7% of the total supply, 1.160B tokens will be airdropped to those 625k wallets of the active members and 160m tokens will be for the active DAOs on Arbitrum network , if you feel that we passed the bear market and in 2023 the market will be bullish or at least side market , we may pass the worst scenario for $ARB and if $BTC sees the higher prices than 30k we can expect $ARB raises the Market cap to 10B which currently Polygon does have it as the biggest L2 right now, but for now the most similar token to $ARB is UNI which currently has 4.59B Market Cap at the moment, in bull market it can be doubled easily so will be $ARB so I believe if we compare it to UNI instead of Optimism which doesn't stand any chance in (TPS,TVL, community members) we may consider $3.5 to $7.7 prices in first months and for the start I believe 2B market cap for such a great network is not a huge goal to achieve , and remember Arbitrum is one of the biggest projects on the market so $ARB token will have the similar appreciations, If you think $2 is a high price for $ARB , you're completely wrong , first DYOR then use your own strategy ,you can use the following strategy as well. <$1.5 buying more $1.5-2.5 holding $2.5-5 selling the half $5-10 selling 90% > +10 selling 99% But remember, half of the tokens are still TBD so you may be able to receive more tokens if you participate in the DAO and vote regularly ,so keep some $ARB for voting and be aware that ETH price at first wasn't $1500. Writer: HadiFab follow me on lens [https://lenster.xyz/u/hadifab](https://lenster.xyz/u/hadifab) --- *Originally published on [HadiFab](https://paragraph.com/@hadifab/arb-is-finally-here)*