Arbitrum is trending again, but traders aren’t quite convinced – Why?

Real-world assets (RWAs) on the Arbitrum [$ARB] network are growing beyond the usual treasury-led narrative. Meanwhile, $ARB is back in focus ahead of its upcoming token unlock.

Here’s what you need to know.

Arbitrum’s RWA market moves beyond treasuries

Tokenised RWAs on Arbitrum are now at around $840M, nearly 3x higher than a year ago!

However, it’s not so much the growth, as it is the force behind it. In early 2025, the RWA market on Arbitrum was largely a U.S Treasury story.

Now though, EU government bonds lead with about $374M in market cap, followed by U.S Treasuries at $178M, stocks at $171M, and commodities at $93M.

That’s important because now we know that Arbitrum’s RWA activity is becoming less dependent on one asset class.

$ARB leads trending coins amid chatter buzz

On Santiment’s trending coins dashboard for Tuesday, Arbitrum appeared at the top of the discussion list, ahead of names like GameStop, Solana, Chainlink, Ethereum, and Gigachad.

The main reason seems to be the upcoming $ARB token unlock, with crypto news posts flagging about $13.12M worth of unlocks for the May 11-17 week. Alongside the same, community conversations have also been centered around possible airdrop mechanics, claimability checks, and $ARB-related tools such as airdrop calculators.

Is there some pressure on $ARB’s price action?

On the 4-hour chart, the price was trading at around $0.1328 after slipping from the $0.145-$0.146 zone earlier in the week.

$ARB formed a lower-high structure, with the price trying to stabilise near the $0.13 area. Momentum was not fully supportive yet either.

The RSI indicated that buyers had not regained control. MACD was also negative, with the MACD line below the Signal line and red histogram bars still visible.

So, despite positive buzz and network activity, the token’s price implied that traders may be still waiting for confirmation before turning bullish.

Final Summary

• Arbitrum’s RWA value climbed to nearly $840M, with EU bonds overtaking U.S. treasuries.
• Despite rising buzz, traders are still cautious on the price direction.