Arbitrum's ecosystem is experiencing significant growth despite a 70% drop in the price of its token, $ARB. Analysts, including Michaël van de Poppe, highlight the protocol's potential undervaluation, citing its expanding metrics. The total value locked (TVL) on Arbitrum is reaching new highs, and decentralized exchange (DEX) volumes are increasing. Additionally, Arbitrum's treasury is diversifying its holdings from $ARB into stablecoins and yield-bearing assets, enhancing financial resilience and reducing risk. The network's stablecoin liquidity has exceeded $4 billion, bolstering transaction efficiency and user confidence.