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Arbitrum Soars 46% as Robinhood Chain Fees Skyrocket

Guavy AI Editorial Team
Instruments
ARB DAO
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Arbitrum (ARB) has surged by 46.07% in a single day, driven by the rapid expansion of Robinhood Chain and its record-breaking fees.

The Arbitrum Expansion Program allocates 10% of Robinhood Chain's net protocol revenue to the DAO treasury and developer guild, supporting new partnerships with MasterCard, PayPal, LG, Cash App, Venmo, and Ramp.

ARB/USD is trading above key moving averages, but overbought conditions signal a risk of stretched momentum in the near term. Analysts note that Arbitrum's bullish momentum and recurring revenue stream were bolstered by its integration with Robinhood Chain.

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