Standard Chartered Sees ARB Hitting $10 by 2030 on Expanding Adoption

Standard Chartered has initiated coverage of Arbitrum's ARB token, predicting it will reach $10 by 2030. This forecast represents a significant upside of approximately 66 times from the current price of $0.1510.

The bank attributes this growth to expanding institutional adoption, particularly with Robinhood Chain's use of Arbitrum technology. In July, Robinhood Chain launched its mainnet on top of Arbitrum, contributing $360,000 in licensing fees through the Arbitrum Expansion Program.

Standard Chartered estimates that Arbitrum could receive around $5 million in September fees from the program at the current run rate. The bank also notes that Arbitrum's monthly revenue has increased more than fivefold since Robinhood Chain launched.