Arbitrum Adds $91.8M in Stablecoin Value as ARB Remains Under Pressure

Arbitrum recorded the largest increase in stablecoin market capitalization among competing networks over a 24-hour period, adding $91.8 million, according to TronWeekly. The report marks the gain as the strongest among the networks it assessed, making Arbitrum the leading source of reported stablecoin expansion despite weakness across the wider crypto market. ARB itself remained under pressure, trading at $0.1263 at the time of the market snapshot. Its price was down 12.14% over 24 hours and 24.59% over seven days, leaving the token's market capitalization at $870.79 million. TronWeekly highlighted $0.18 as a resistance level and said ARB was testing support within a developing falling-wedge setup, with a move above $0.18 viewed as necessary for confirmation of a potential recovery toward $0.28. Network fundamentals presented a mixed picture. DeFiLlama data showed Arbitrum's total value locked at $2.85 billion, down 12.8% over seven days. That contraction contrasts with the reported $91.8 million stablecoin capitalization increase, indicating that additional stablecoin presence did not coincide with rising TVL during the broader downturn. The wider market backdrop was also negative: total crypto market capitalization stood at $2.21 trillion, Bitcoin was down 6.62% over 24 hours, and the Fear & Greed index was at 13, denoting Extreme Fear. The immediate focus for Arbitrum is whether stablecoin expansion persists alongside the $0.18 technical level as traders assess ARB's price direction and broader network liquidity conditions.