Robinhood Chain drives 48% surge in ARB to $0.196

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$0.1496-9.22%
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On-chain data shows ARB surged 48% to $0.196 on September 6, driven by activity on Robinhood Chain. Built on Arbitrum, the chain launched on July 1 and achieved $1.89 billion in 24-hour DEX volume, surpassing Solana and BNB Chain. Based on 30-day fee data, its annualized revenue is $110 million. The chain distributes 10% of net revenue to Arbitrum, including 8% to the DAO and 2% to the Developer Guild. This on-chain development highlights significant movement in top altcoin news.

Mars Finance reports that, on September 6, according to market data, surging on-chain trading activity on Robinhood Chain propelled ARB to a daily gain of over 48%, reaching $0.196, and is currently trading at $0.1933. Robinhood Chain, built on the Arbitrum tech stack, launched on mainnet on July 1. Last night, Robinhood Chain’s 24-hour DEX trading volume exceeded $1.89 billion, surpassing Solana and BNB Chain to become the top-ranked public chain for the first time. Based on the annualized average of fee revenue over the past 30 days, Robinhood Chain’s annualized revenue is approximately $110 million. Under the collaboration licensing agreement, Robinhood Chain is required to return 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the Arbitrum DAO treasury and 2% to the Arbitrum Developer Guild.

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