Arbitrum Rockets 120% on Robinhood Chain Frenzy

Arbitrum's price has skyrocketed by over 120% in September, reaching $0.197 on Sept. 6 and propelling its market capitalization above $1.3 billion.

The catalyst behind this rally is Robinhood Chain, a fast-growing blockchain that launched on Arbitrum technology on July 1 and generated record activity around the start of September, including $3.75 million in user fees and more than $1.5 billion of DEX volume in one day.

Arbitrum has a direct licensing relationship with chains built on its technology, including Robinhood Chain, which returns 10% of net protocol revenue to the Arbitrum ecosystem, a significant change in Arbitrum's investment narrative.

The timing of this rally creates another issue: an upcoming release of roughly 92.65 million ARB tokens, largely allocated to team members and investors, worth approximately $18.2 million at current prices.