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Robinhood Chain revenue surge sends Arbitrum ARB up 30%

Robinhood Chain generated $1.92 million in 24-hour revenue, and under an Arbitrum deal 10% of net profits are paid to the Arbitrum ecosystem, including over $175,000 to the Arbitrum Foundation at the peak.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Robinhood Chain, an Ethereum-based layer-2 introduced by trading platform Robinhood on July 1, pulled in $1.92 million in revenue over the past 24 hours, the highest of any blockchain in that window. The spike in activity helped drive a roughly 30% jump in Arbitrum’s ARB token, lifting it to about 11 cents after trading mostly in a 7 to 10 cent range since June.

The outlet says the Robinhood Chain economics include a technology agreement where 10% of the chain’s net profits stream back to the Arbitrum ecosystem. CoinDesk adds that during the peak, this translated into a daily payout of more than $175,000 to the Arbitrum Foundation, with larger payouts also recorded over the past week and month.

CoinDesk also notes that the latest day’s revenue represented about a third of the chain’s total $5.92 million revenue over the past 30 days, with more than two-thirds arriving over the past week. It further reports that under the Arbitrum Expansion Program, chains built with Arbitrum’s stack that settle to a non-Arbitrum parent chain pay 8% to the Arbitrum DAO treasury and 2% to a protocol developer guild.

Finally, CoinDesk highlights that the token move came alongside heightened trading, with ARB volume reaching $618 million in the past 24 hours, an eightfold increase versus prior levels mentioned in the coverage. The outlet says the incoming network revenue goes to the treasury rather than token holders, meaning traders are largely following correlated momentum.

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