Overview
A scheduled unlock of ARB tokens renewed debate about token supply and governance on Arbitrum, the largest Ethereum Layer 2 by total value locked.
Key Points
The unlock increases circulating supply, but the protocol's governance has used its treasury to fund ecosystem grants. Arbitrum continues to host the deepest DeFi liquidity among L2s. Analysts note that unlocks are a normal part of token lifecycles and that the long-term value depends on continued usage and fee generation.