TechFlow reports on December 9: Andrew Kang, partner at Mechanism Capital, posted on social media stating that despite Arbitrum ($ARB)'s recent strong price performance, it remains severely undervalued from a fundamental standpoint. Compared to projects like Sui, Avalanche, and Tron, $ARB is trading at only a fraction of their valuations, yet Arbitrum's transaction volume and TVL (total value locked) are multiple times higher—even excluding the impact of HL campaigns.
Kang noted that a significant number of institutional investors are now focusing on these fundamental metrics rather than memes. He believes that Stylus—a platform enabling developers to build with Rust/C++—alongside game deployment initiatives/Animechain and ongoing research into cross-chain interoperability, will serve as the primary growth drivers for Arbitrum in the future.
