Arbitrum Price Surges 30% as Robinhood Chain and ArbOS Upgrades Boost Momentum
The Arbitrum (ARB) price has rebounded sharply from its multi-month lows, rising by over 30% in the past 24 hours to reach $0.11. The sudden recovery has caught traders' attention as the token had been struggling to gain momentum in recent months.
The rally has been accompanied by a significant rise in trading activity, with volumes increasing by more than 586%. One of the key catalysts behind the price surge is the growing activity on Robinhood Chain, which is built using Arbitrum Orbit technology.
Robinhood Chain recently recorded a sharp increase in transactions, DEX activity, and network revenue. The chain has generated over $1 million in fees in the past 24 hours under Arbitrum's revenue-sharing model, sending 10% of its protocol revenue to the broader Arbitrum ecosystem.
The recent activation of ArbOS Elara upgrade by Arbitrum has also strengthened its infrastructure narrative. The upgrade introduces improvements to Arbitrum One and Arbitrum-powered dedicated chains, including protocol-level compliance filtering and customizable priority fees for dedicated blockchains.