Standard Chartered Sees Arbitrum Token $ARB Soaring to $10 by 2030

Standard Chartered has made a bold prediction for the Arbitrum token (ARB), forecasting it to reach $10 by the end of 2030, a staggering 70-fold increase from its current price near 14 cents.

The bank's forecast is based on the revenue generated by Arbitrum's collaboration with companies like Robinhood, which has seen its September revenue push towards a monthly run-rate of over $5 million, five times its level before the chain debuted in July.

Geoffrey Kendrick, Standard Chartered's global head of digital assets research, stated that the recent launch of the Robinhood Chain has demonstrated Arbitrum's potential to become the top choice for traditional financial institutions when it comes to bringing assets on-chain.

However, there is a catch: current ARB holders have no direct claim on this revenue, with 10% of net protocol revenue from the Robinhood Chain going into the Arbitrum ecosystem, but none directly flowing to token holders.