Hot trading on Robinhood Chain pushed ARB’s price up over 48% in a single day, touching $0.196.
41 minutes ago
According to HTX market data, hot on-chain trading activity on Robinhood has driven ARB’s daily price up over 48%, hitting $0.196, and it is currently trading at $0.1933. Robinhood Chain, built on the Arbitrum tech stack, launched its mainnet on July 1. Last night, the 24-hour DEX trading volume on Robinhood Chain exceeded $1.89 billion, surpassing Solana and BNB Chain to claim the top spot among public blockchains for the first time. Based on the 30-day average annualized fee revenue, Robinhood Chain’s annualized revenue stands at roughly $110 million. Under the terms of their cooperation license agreement, Robinhood Chain is required to return 10% of the net revenue under the agreement to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO treasury, and 2% flows to the Arbitrum Developer Guild.
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