Arbitrum's ecosystem metrics tell an interesting story. TVL keeps climbing, on-chain activity remains robust, the development pace is steady—all classic signs of a thriving network. Yet $ARB itself? Moving in the opposite direction. The divergence between fundamental growth and token performance is striking. This is what happens when the market hasn't fully priced in the actual progress. Eventually, when sentiment shifts and traders wake up to what's really happening on-chain, that gap tends to close. The question isn't if, but when the market catches up to the ecosystem's trajectory.