Arbitrum Token Surges 29% as Robinhood Chain Activity Accelerates

Arbitrum's token, ARB, surged 29% to around $0.11 as Robinhood Chain activity accelerated.

The new chain is built with Arbitrum technology and operates under a revenue-sharing model that sends 10% of net protocol revenue back to the Arbitrum ecosystem.

Robinhood Chain generated more than $2 million in fees over the latest 24-hour period, giving traders a fresh reason to reassess value flowing back into the Arbitrum ecosystem.

The presale for ChainSpin, which operates on top of Arbitrum, has raised over $170,000 with roughly one-third of Stage 1 sold at $0.0125.