Arbitrum is a token. It has no blockchain of its own and no consensus of its own — it rents both from the chains it is issued on, which is why it is listed separately from the cryptocurrencies.
| CoinSpectrum Grade | C · 44/100 · provisional, D to B |
|---|---|
| Type | Token |
| Class | Layer 2 |
| Backing | Non-backed |
| Market capitalisation | $1.1B |
| Price | $0.1577 |
| Circulating supply | 6,892,115,031 ARB |
| Issued on | 3 chains |
Market data rebuilt every six hours; this build 10 November 2026. Live prices on the ranking.
C — 44 out of 100, provisional (from 7 of 10 criteria, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 31 to 61 (D to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms | 1.8 | group average, 1 of 2 measured |
| Host chain | — | Issued on arbitrum-one, not a graded chain (a layer 2 or a platform without its own grade) |
| Asset class (below every coin family) | 1.8 | Tokens: below every native coin family on the consensus ladders, 0.9 of 10 by largest asset and 2.7 by combined market cap |
| Network security | 0 | No network of its own: secured by its host chain, scored above |
| Decentralisation | 4.5 | group average, 3 of 4 measured |
| Minting and supply (who can mint more) | 5.4 | The L2 ARB proxy's mint() is owned by 0xcf5757… (the DAO's UpgradeExecutor) and capped at 2%/yr. Minting needs a Constitutional AIP through the governor and timelocks; the 9/12 Security Council holds emergency upgrade power.; no fixed maximum supply source |
| Premine (pre-issued at launch) | 0 | 100% of supply pre-issued at launch. All 10B was minted at genesis (Mar 2023). The optional 2%/yr inflation has not been used; total supply is still 10B. source |
| Fundraising | 8.2 | Sold to the public or to investors: 17.53% of supply sold. Offchain Labs raised a USD 3.7M seed (2019, Pantera), a USD 20M Series A (Apr 2021) and a USD 120M Series B (Aug 2021, Lightspeed, USD 1.2B valuation). Investors received 17.53% of ARB. source |
| Holder concentration | — | Not yet measured |
| Supply & Demand | 7.7 | group average |
| Supply (21 million scores 10) | 7.3 | fixed maximum supply of 10 billion |
| Demand (7 measures) | 8 | average of 5 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 7.5 | $83,693,681 traded in 24 hours; #44 by volume on the exchanges the site reads (scored on the median day of the last 15, $57,073,373) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.9 | 4.8% of its market cap a day, median of the last 16 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 8.6 | $4,232,680 within 2% of the price on 9 exchanges, 0.39% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 7.6 | $1.1B, 7.6 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.3 | futures, options and margin positions 14% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | – | not yet counted: no wallet in the directory lists it |
| Conduct (origin, claims, halts) | — | Not yet reviewed |
Ten criteria, weighted equally — for a token, the host chain replaces the developer share, the asset class stands in for the consensus ladders, and who can mint more for the Cryptocurrency Standards. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
| Pre-issued at launch | 100% of supply |
|---|---|
| To team, investors and treasury | 51.97% of supply |
| Sold to the public or to investors | 17.53% of supply |
| Who can mint more | New tokens only through token-holder governance |
| Fundraising | Private or venture funding |
All 10B was minted at genesis (Mar 2023). The optional 2%/yr inflation has not been used; total supply is still 10B.
Offchain Labs raised a USD 3.7M seed (2019, Pantera), a USD 20M Series A (Apr 2021) and a USD 120M Series B (Aug 2021, Lightspeed, USD 1.2B valuation). Investors received 17.53% of ARB.
The L2 ARB proxy's mint() is owned by 0xcf5757… (the DAO's UpgradeExecutor) and capped at 2%/yr. Minting needs a Constitutional AIP through the governor and timelocks; the 9/12 Security Council holds emergency upgrade power.
Foundation 7.5% counted as insider, per the method.
Sources: docs.arbitrum.foundation · docs.arbitrum.foundation · theblock.co. Researched 2026-10-23, high confidence.
It is issued on 3 chains, which means 3 separate issuances of the same claim. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. A token has neither its own blockchain nor its own consensus mechanism, so it fails both of the site's two conditions — it is a thing issued on a chain, and the chain is what is counted. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.