Standard Chartered Sees Arbitrum Token Soaring 70-Fold to $10 by 2030
Standard Chartered, a leading global bank, has initiated coverage of Arbitrum, a layer 2 blockchain. According to Geoff Kendrick, the bank's global head of digital assets research, Arbitrum is poised for significant growth due to its business model that helps traditional finance firms move on-chain positions.
The bank forecasts $4 trillion of tokenized assets by end-2028, up from around $340 billion today. This surge in demand will likely drive the price of ARB tokens up. Standard Chartered expects Arbitrum's 10% rolling fee to generate substantial revenue as more projects build on its technology stack.
Kendrick highlighted Robinhood Chain's success on Arbitrum's stack, which is considered the fastest-growing chain by value locked. This achievement could bring in around $5 million in fees for Arbitrum in September alone, surpassing pre-launch levels by five times.