Robinhood Chain Brings Arbitrum Token Back from the Dead. ARB is Up 90%

Arbitrum (ARB) price has climbed 90% from the record low it set in June. The rally accelerated after Robinhood Chain fees reached an all-time high of $4.45 million on Sept. 2.

ARB trades near $0.1316 after a 50% weekly gain, according to BeInCrypto data. Meanwhile, the network that settles those Robinhood Chain transactions earned almost nothing over the same period.

Robinhood Chain Fees Hit a Record $4.45 Million

Between August 31 and September 1, Robinhood Chain generated over $10 million in fees, with a 109% increase across sessions.

Through most of August, daily fees stayed below $400,000. The current pace therefore sits more than 10 times above the previous peak.

Robinhood launched the network on Arbitrum in July, and Uniswap routes the majority of its trading volume.

Under the Arbitrum Expansion Program, Orbit chains return 8% of revenue to ArbitrumDAO and 2% to a developer guild. Applying that 8% share suggests roughly $320,000 reached the DAO on Sept. 2 alone.

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