ARB Surges 30% as Robinhood Chain Activity Skyrockets

The Arbitrum (ARB) token has experienced a significant price increase of nearly 30% over the past 24 hours, reaching a resistance level of $0.12.

This surge is largely attributed to the record activity on Robinhood Chain, which processed 5.52 million transactions on August 30, and decentralized exchange volume reached roughly $875 million.

The Arbitrum Expansion Program also benefits from the increased activity, with a share of revenue allocated to the ArbitrumDAO treasury and the Arbitrum Developer Guild.

However, investors should be aware that the circulating supply is set to increase on September 23, which could impact the token's price if demand does not keep pace.