Originally published at mrnasdog.com/research/arb/full by MrNasdog.

This is a MrNasdog Pressure Framework analysis of Arbitrum (ARB) on Metric 1 (sell pressure) and Metric 2 (buy pressure). Narrative (Metric 3) is covered separately. The short version: ARB has a fixed 10B cap, but 37% of supply is still under team/investor vesting through 2027 . The Arbitrum DAO Treasury holds 2.66B ARB on-chain — the largest identified treasury we've measured. Buy ledger is empty.

The setup

Arbitrum is the leading Ethereum L2 rollup, built by Offchain Labs and governed by the Arbitrum Foundation + Arbitrum DAO. ARB launched in March 2023 (airdrop) and is native to Arbitrum One ( 0x912c…6548 ).…