ARB Token Surges 13% to Near $0.25 Amid Robinhood Chain Activity

Arbitrum's ARB token has surged by 13% to near $0.25 after Robinhood Chain activity and the Expansion Program's revenue-sharing drove a fundamental repricing.

The surge is tied to a sharp increase in fees, revenue, and decentralized-exchange volume on Robinhood Chain, which uses Arbitrum's technology and sends a portion of eligible net protocol revenue back through the Arbitrum Expansion Program.

Robinhood Chain recorded approximately $2.13 million in fees, $1.92 million in revenue, and $1.46 billion in DEX volume over a 24-hour period on September 1.