Crypto
Arbitrum Price Surges 25% as Robinhood Chain Revenue Hits Record High
Arbitrum's price surged more than 25% as it broke above its recent $0.07-$0.10 trading range, reaching $0.11.
This increase coincided with record revenue for Robinhood Chain, which generated $1.92 million in 24-hour chain revenue, making it the top-ranked blockchain by DefiLlama's latest snapshot.
The revenue-sharing mechanism between Robinhood's network and the Arbitrum ecosystem is creating a direct link between the two, with over $1 million flowing from Robinhood Chain to Arbitrum's treasury since its launch on July 1.