Standard Chartered Boosts Arbitrum Price Target to $10

Arbitrum (ARB) saw a significant price increase of 5.7% over the last 24 hours, primarily driven by a bullish research note from Standard Chartered.

The bank's digital assets team initiated coverage on ARB with an aggressive long-term view, setting a $10 price target for end-2030, representing a 70x increase from current levels.

Standard Chartered highlighted Arbitrum's role as an enterprise infrastructure provider for traditional finance, particularly through the Arbitrum Expansion Program.

The note emphasized that Robinhood Chain's fees remit 10% of their net protocol revenue back to Arbitrum's ecosystem treasury and developer guild.