Arbitrum jumps 19% benefitting from Robinhood’s $568 million onchain trading frenzy
The brokerage’s new blockchain is off to a fast start, with memecoin trading boosting activity and revenue flowing back to the Arbitrum ecosystem.
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Summary
- Arbitrum’s ARB token led gains among the top 100 cryptocurrencies after trading frenzy on Robinhood’s new blockchain logged $568 million in daily volume.
- The brokerage’s chain was built on Arbitrum’s tech stack and sends 10% of its net protocol revenue back to the Arbitrum ecosystem.
- FalconX projected the chain could generate $60 million in revenue for Robinhood.
