Arbitrum's ARB token declined 28.1% over the 28-day period ending October 24, significantly underperforming Bitcoin's 5.2% drop and Ethereum's 14.4% decline during the same timeframe, according to CoinGecko data analyzed by The Defiant. Despite the price weakness, on-chain activity on Arbitrum One showed resilience, with active-address counts rising even as the token faced steep losses relative to major cryptocurrencies.