Arbitrum is a layer-2 network built atop the Ethereum blockchain that offers cheap transaction costs and exceptional transaction speeds.Arbitrum works by processing smart contracts and transactions off-chain using an optimistic rollup approach.Popular decentralized apps running on Arbitrum include Curve, Abracadabra, Pendle, and SushiSwap.Arbitrum has its native cryptocurrency, ARB, used for governance and with a market valuation of $1.92 billion.