Post
Yuvi.
$ARB
扩容网络交易便宜，为什么代币估值仍可能跟不上使用量？
网络使用和代币价值捕获，中间还隔着费用分配、治理权限与供应变化。判断ARB不能只看交易笔数。
若活跃增加主要来自补贴，退出补贴后的留存就很关键；若真实费用和持续用户同步改善，使用增长更扎实。若网络繁忙却没有形成可解释的代币需求，我会保持估值上的谨慎。
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