Arbitrum Token Surges 13% as Robinhood Chain Activity Soars
The Arbitrum token price has surged by 13% in one day, pushing it towards $0.25 and extending its strong rally in September. This move is tied to a significant increase in activity 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 has given Arbitrum a new source of ecosystem revenue since launching its public mainnet in July. The chain recorded approximately $2.13 million in fees and $1.92 million in revenue over a 24-hour period on September 1, alongside roughly $1.46 billion in decentralized-exchange volume.
The surge pushed ARB sharply higher as traders began pricing the revenue-sharing relationship into the token's broader valuation story.