Standard Chartered Sees Arbitrum's ARB Token Reaching $10 by 2030

Standard Chartered has set an ambitious target for Arbitrum's ARB token, projecting it to reach $10 by the end of 2030. In a research note titled 'Arbitrum, The blockchain for TradFi', the bank's global head of digital assets research, Geoff Kendrick, forecasts ARB at $0.50 by the end of 2026, $1.50 by end-2027, $3.50 by end-2028, $6.50 by end-2029, and $10.00 by end-2030.

The bank values Arbitrum on market capitalization against annualized three-month ecosystem fees, which is a metric it applies to layer 1s. ARB's multiple is 1.3, significantly lower than the equivalent averages for Ethereum, Solana, and Avalanche, which are as much as 25 times higher.

Kendrick attributes the gap to investors rewarding layer 1s for being layer 1s, but expects it to close as Arbitrum's business model matures. The bank notes that Arbitrum earns from four lines: Arbitrum One transaction fees, treasury management returns, Timeboost express-lane auctions, and Arbitrum Expansion Program fees.