Arbitrum’s ARB rose more than 25% through the Asian and European sessions and held the gain into the U.S. open, the largest advance among the biggest tokens, after fees collected on Robinhood Chain doubled from Monday.

ARB holders earn a fixed share of that revenue. Every Arbitrum chain deployed outside Arbitrum One and Nova owes 10% of its net revenue under the licence that lets it use the technology, and Robinhood Chain has become the largest single source of it two months after launch. Tuesday put the first sizeable figure on the arrangement.

ARB last changed hands at $0.1087, up 25% over 24 hours and 14% over seven days, after trading as low as $0.08347, DefiLlama and CoinGecko data shows.

Bitcoin was at $77,787, down 0.71% on the day and 1.75% on the week. Ether stood at $2,437, down 0.92% and 1.42%. XRP was flat at $1.369 and 6.9% lower over seven days; Solana fell 1.6% to $101.34 while holding a 3.5% weekly gain; BNB slipped 0.52% to $685.18. Total crypto market value was $2.72 trillion, up 0.22% over 24 hours, on $78.4 billion of volume, with bitcoin dominance at 57.9%, according to CoinGecko.

Rent From Robinhood

Robinhood Chain collected $2.13 million in chain fees and $1.92 million in chain revenue over 24 hours, against the $963,612 in gas fees the network had recorded on Monday, DefiLlama data shows. Applications on the chain took a further $3 million. Total value locked reached $738.5 million, up 3.8% on the day, and decentralized exchange volume hit $1.56 billion, an 89.5% increase over seven days.

At Monday’s revenue rate, the 10% owed under the licence works out to about $192,000 a day. Arbitrum’s own network produced $12,152 in chain fees over the same 24 hours.

The obligation is written into Arbitrum’s chain licensing. Chains “deployed outside of Arbitrum One and Arbitrum Nova must pay 10% of their Protocol Net Revenue to the Arbitrum Foundation,” according to the Arbitrum documentation, routed through what it calls AEP Fee Routers. The licensing page puts the split at “8% flows to the DAO and 2% to the developer guild.” The Defiant covered the fee-capture arrangement when Robinhood’s chain launched.

ARB’s market value stands at about $726 million on 6.678 billion circulating tokens. The token is 95.5% below the $2.39 it reached in January 2024.

Memecoins Pay The Bill

Memecoin trading produces most of that revenue, ahead of the tokenized equities Robinhood pitched at launch. Robinhood launched the chain on July 1 with 24/7 stock tokens, onchain lending and plans for agentic trading. Memecoin trading arrived in week one, and CEO Vlad Tenev said the chain works for memes too. By late July the network carried more tokenized stock volume than Solana’s venues combined, most of it a byproduct of memecoin trades. The Defiant reported Monday that applications on the chain out-earned Ethereum’s over 24 hours (LINK TK).

A separate proposal would route more of Arbitrum One’s own fees to the treasury. Offchain Labs has asked the DAO to replace Timeboost with priority gas auctions on Arbitrum One and Nova, ordering transactions by priority fee in 125-millisecond rounds. Under the proposal, fees would split “97% to the ArbitrumDAO Treasury and 3% to the Arbitrum Developer Guild.” Timeboost has produced about $7.46 million cumulatively since April 2025, running at roughly $2 million annualized as of March, with three entities winning about 97% of auctions. The constitutional vote has not concluded.

Bonds Sell, Gold Follows

Government bonds sold off across three continents overnight while crude held above $90.

Japan’s 10-year government bond yield reached 2.943% on Aug. 31, the highest of the year, from 2.897% on Aug. 25, according to Japan’s Ministry of Finance. The ministry had not published Tuesday’s rate at the time of writing.

U.S. yields followed. The 10-year Treasury par yield closed Monday at 4.75% and the 30-year at 5.25%, from 4.73% and 5.22% on Friday, Treasury data shows.

Iliya Kalchev, an analyst at digital asset platform Nexo, wrote in the firm’s daily dispatch that the bond move was the session’s driver. “The dominant story is a historic move in global bond markets, worth understanding clearly rather than dramatizing,” he wrote.

Kalchev pointed to which assets were being sold. “The notable feature: government bonds, traditionally a safe haven during geopolitical stress, are being sold alongside riskier assets rather than bought — consistent with markets pricing persistent, energy-driven inflation rather than a simple flight from risk,” he wrote. On the fiscal reading: “The bond market’s rise, in effect, reads as a warning against further fiscal expansion, with little sign markets expect a near-term reversal.” The dispatch put Japan’s 10-year above 3%, a level the ministry’s published series has not yet reached.

Europe added an inflation print. Euro area annual inflation ran at 3.3% in August, up from 2.9% in July, according to a flash estimate Eurostat published Tuesday.

Gold took the hit. Spot traded at $4,358 an ounce, down 1.87% on the day, TradingEconomics data shows. Equities opened lower, with the S&P 500 at 7,635.28, down 0.66%, the Nasdaq 100 at 28,943.56, down 1.74%, and the Dow at 52,938.76, down 0.46%, according to TradingEconomics.

A Hike Stays The Favorite

Polymarket priced a quarter-point increase at the Sept. 15-16 meeting at 57% and no change at 40%, on $75.6 million of event volume. A cut of any size trades below 1%. The same market read 55.5% for an increase and 43.5% for a hold on Monday, on $70.9 million of volume.

Traders moved into that position after Chair Kevin Warsh’s Jackson Hole speech on Friday, which The Defiant covered at the time. August CPI publishes Sept. 11, four days before the meeting opens.

Strategy Buys Above Market

Strategy paid more than the current price for its first bitcoin in 10 weeks.

The company acquired 4,603 BTC for $369.7 million between Aug. 24 and Aug. 30 at an average of $80,318, according to an 8-K filed Monday. Bitcoin at $77,787 is 3.2% below that average. Holdings reached 845,050 BTC at an aggregate purchase price of $63.73 billion and an average of $75,412, leaving the position about 3% above cost. The filing also disclosed the repurchase of 1,557,177 shares of STRC stock for $151.8 million over the same week, USD cash of $1.61 billion and a USD reserve of $5.10 billion as of Aug. 30.

The Defiant covered the purchase on Monday, its first since June 22.

ETFs Report Late

U.S. spot bitcoin ETFs showed $17.3 million of inflows for Monday on Farside Investors, with Bitwise’s BITB at $4.3 million, Grayscale’s mini product at $9.4 million and Morgan Stanley’s MSBT at $3.6 million. BlackRock, Fidelity, Invesco, Franklin, Valkyrie and VanEck had not posted figures at the time of writing, so the total is partial. Friday’s $201.9 million of outflows ended five days of inflows, and the week to Aug. 28 still netted $924.5 million.

Spot ether ETFs took in $87.6 million on Monday, with BlackRock’s ETHA accounting for $59.9 million and Grayscale’s product $13.5 million. Every session Farside lists from Aug. 25 onward is positive.

Breadth Turns Positive

Seventy-six of the 108 largest non-stablecoin tokens rose and 32 fell, reversing Monday, when 88 of 125 declined. Total crypto market value gained 0.22% while bitcoin fell 0.71%.

The Crypto Fear & Greed Index read 69 on Tuesday, up from 62 on Monday, according to Alternative.me. The index has been in greed since Aug. 20.

DeFi total value locked stood at $88.32 billion, up 0.36% over 24 hours, DefiLlama data shows. Stablecoin supply reached $304.4 billion, up 0.42% over seven days and 1.43% over 30 days, or $1.27 billion of net issuance on the week.

DeFi Tokens Take The Day

Uniswap’s UNI has the clearest link to the same revenue. Its V4 and V3 deployments are the largest fee earners on Robinhood Chain, collecting $2.68 million and $1.45 million over 24 hours as of Monday, and protocol fees on the network burn UNI. Uniswap Labs proposed extending fee collection to the chain on July 11, writing that the change would “extend the infrastructure for collecting and burning protocol fees to Robinhood Chain” and “enable v2, v3, and v4 protocol fees.” The snapshot vote ran July 10-15. No announcement is dated to Tuesday’s move.

Curve’s 14.1% gain has no dated trigger. Its blog has published nothing on the token since an Aug. 13 post recording annual CRV emissions falling below 100 million for the first time, to about 97.2 million from 115.5 million as Epoch 6 began. The most recent entry is a weekly metrics post dated Aug. 27.

Optimism rose 13.9% and remains 4.2% lower over seven days. Trust Wallet’s TWT leads the week among the group at 19.8%.

Mantle And Jito Give Back

Jito’s JTO is 21.5% lower over seven days, the steepest weekly decline in the group, and LayerZero’s ZRO 13.8% lower. Morpho fell 4.2% a day after gaining 6.3%.

Monero held a 12.9% weekly gain at $504, and Zcash a 4.9% weekly gain at $849. Pepe is 11.8% lower over seven days and Injective 14.7% lower.

Prices and market data as of 11:35 a.m. ET on Sept. 1, 2026. Percentage changes and prices are drawn from DefiLlama’s CoinGecko-keyed price feed; aggregate market value, volume and dominance from CoinGecko.