At start I think they are good check of our Builds and they are nice challenge. But Arenas need rework a bit.
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For example if we can doing easily 300 lvl of Arena, then lvls (even with Key of Memory) 100 - 300 is just boring fo us. They should be speeding up or give chance to back higher lvl for special currency (a rare rather) from Arena exactly, so we won’t spam to back every time.
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Rewards are a bit no special than we have on just while we running Monos. My idea here is give for example Rune of Creation option or just shard for 500 lvl etc.
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Arenas have so potential but they need a bit love - like you get Woven Echoes system in Monos. I would see something similar to that. For example:
a) Waves are only have Exiled Mages
b) Waves are only have Champions
c) Wave where you are fight with severeal bosses form Monos at one one time
Like in Woven Echoes required min. Corruption some of them need to specific lvl of Wave Arena. Further we have another special tree for Arenas - when we will speed up waves, get to specific drop or just make it more difficult and yet more challenge and painful, but also satisfaction. EHG I hope for your ideas on nextly mechanic in game on future Cycles