Offchain Labs clarifies ARB unlock: only 7.7% left locked

This clarification matters because it reframes ARB's supply narrative: the market's perception of 'locked' tokens was conflating DAO treasury holdings with actual unlock schedules. With investor and team unlocks nearly done and only 7.7% left, the supply overhang from scheduled unlocks is minimal. The real variable shifts to governance dynamics—the 2.84 billion ARB in the treasury is spendable via votes, making DAO decisions the primary future supply trigger. Watch whether governance proposals to deploy treasury funds accelerate, as that, not unlock mechanics, now determines ARB's circulating supply trajectory.