ARB Surges on Standard Chartered’s $10 Target as Arbitrum Revenue Soars
ARB, the governance token of Arbitrum, experienced a significant price surge after Standard Chartered set a $10 target for the end of 2030. The token jumped by over 14% in 24 hours to trade near $0.1548 on September 15. This move comes despite a weekly loss of over 7%. According to Geoff Kendrick, global head of digital assets research at Standard Chartered, Arbitrum's revenue has grown significantly due to its partnership with Robinhood Chain.
The partnership allows Robinhood to use Arbitrum's Orbit technology stack, which lets outside companies run their own Layer-2 chains that settle back to Arbitrum. This arrangement has resulted in Arbitrum earning a 10% revenue share from the Robinhood Chain's fees. Kendrick estimates that Arbitrum's monthly revenue run rate reaches around $5 million in September, more than five times its level before the chain went live.
Standard Chartered predicts that tokenized assets will grow to $4 trillion by the end of 2028, with tokenized equities alone reaching near $750 billion. Arbitrum recently brought tokenized stocks live through Bitget Wallet, issued via RealityFi, with rTokens such as $rAAPL and $rSPCX gaining on-chain liquidity.