2.01% of ARB Tokens Will Be Unlocked on May 16th

Arbitrum will unlock 92,650,000 ARB tokens on May 16th, constituting approximately 2.01% of the currently circulating supply.ARB InfoArbitrum is a layer 2 scaling solution designed for the Ethereum network. Its goal is to increase the scalability of Ethereum while preserving its decentralization and security.Arbitrum operates by batching many transactions together off-chain and then submitting a single, combined proof of all these transactions to the Ethereum base layer. This greatly reduces the amount of computation and storage that the Ethereum network has to handle, allowing it to support a much higher throughput of transactions.