🔹 ARBITRUM (ARB) Token Utility
Governance: ARB is the governance token of the Arbitrum DAO.

No gas token: Unlike some chains, ARB is not used for paying transaction fees — ETH is used instead.

🔹 Perspective in 2025
✅ Strengths:

Ecosystem growth: Continues to attract DeFi and gaming projects due to low fees and high throughput.

Strong dev community: Ongoing innovation through Orbit and Stylus (Arbitrum’s custom VM with support for Rust, C, etc.).

DAO power: One of the most active governance systems in the L2 space.

Enterprise and institutional attention: Custom Orbit chains are being tested by larger organizations.

⚠️ Challenges:

Competition: Faces tough competition from other L2s (Optimism, zkSync, Base, Starknet).

Sustainability of incentives: Many L2s rely on heavy token incentives — long-term sustainability is being watched.

Regulatory landscape: As with all crypto assets, regulations in the US and globally could influence usage and development.