What is the use of PvE arena ?

Question

How its used and for what ?

You can get exp there or items?

Answer 1

if you finish all 10 waves, you (and you team) will win arena badges, you can exchange this to potions, and you may be lucky and win a surprise cube, that might contain a pit demon (it is rare).

also note that if you die you will lose nothing, exp, skills, equipment or blessing.

you can see more at Eric's videos

https://www.youtube.com/watch?v=fbpB-JXbx1Q
and
https://www.youtube.com/watch?v=qIDdO_SZPSA

Comments

You can get exp when killing in the waves?

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no, these monsters give no loot or exp

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Edited your answer because in the past you were able to gain mana and health after you died from the arena, however this is not the case anymore so I removed it.