CoinDesk says Arbitrum’s native token ARB jumped more than 30% in the last 24 hours, reaching about $0.11. That move pushed it out of the tight $0.07 to $0.10 band it had been stuck in since June.
At the same time, Robinhood Chain — an Ethereum Layer 2 network Robinhood launched on July 1 — turned in hefty revenue numbers. DefiLlama data shows the chain brought in $1.92 million in revenue over the last 24 hours, more than any other blockchain. Canton was next at $1.76 million. Then came Tron, Base, and Ethereum at $974,000, $98,000, and $75,000.
Zoom out a bit, and the longer-range numbers tell the same story. Robinhood Chain’s 30-day cumulative revenue is $5.92 million, with about one-third of that coming in the last day and more than two-thirds packed into the last week.
On the tech side, Robinhood Chain runs on the Arbitrum stack and sends fees straight to the Arbitrum DAO under the Arbitrum expansion plan. Here’s the rule: any chain using the Arbitrum stack that settles to a parent chain other than Arbitrum One or Nova has to pay 10% of its chain profits — 8% to the Arbitrum DAO treasury and 2% to the protocol developer guild.
So, based on that setup, the Arbitrum DAO pulled in $175,600 over the last 24 hours. Its 7-day and 30-day cumulative payments reached $363,000 and $532,000, respectively.