Arbitrum faces challenges as its gaming initiative lags behind expectations, contributing to a decline in dapp activity and putting pressure on the ARB token price.
Per the statement, most of the liquidity on the Arbitrum ecosystem came from decentralized finance and not gaming. Additionally, Arbitrum ’s program to support Web3 games was being implemented at a slow pace.“We have been disappointed with the pace of the Arbitrum Gaming Catalyst Program to begin catalyzing and supporting gaming on Arbitrum .”The proposal has coincided with a significant drop in dApp activity on Arbitrum .
The bullish thesis will be invalidated if ARB breaks below the channel and breaches the critical support at $0.508.
Arbitrum Defi Gaming Dapp Activity ARB Price
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