ARB, the native token of Arbitrum, surged over 48% to $0.196 on September 6, driven by the strong trading activity on Robinhood Chain. Robinhood Chain, built on Arbitrum's technology stack, reached a new milestone with its 24-hour DEX trading volume exceeding $1.89 billion, surpassing Solana and BNB Chain to become the top public chain by DEX volume. The chain's annualized fee revenue is estimated at $110 million. Under the license agreement, Robinhood Chain must return 10% of its net protocol revenue to the Arbitrum ecosystem, with 8% allocated to the Arbitrum DAO treasury and 2% to the Arbitrum Developer Guild.
ARB Jumps More Than 48% as Robinhood Chain DEX Volume Beats Every Other Chain
On September 6, HTX exchange data showed ARB, Arbitrum’s native token, jumping more than 48% in one day. It touched $0.196 at the high and is now trading at $0.1933. The move came as trading on Robinhood Chain went wild.
Robinhood Chain DEX Volume Reaches $1.89 Billion
Robinhood Chain, built with the Arbitrum technology stack, went live on mainnet on July 1. Last night, its 24-hour DEX trading volume climbed past $1.89 billion, pushing ahead of Solana and BNB Chain and taking the No. 1 spot among public chains for the first time. And based on the annualized average fee revenue from the past 30 days, Robinhood Chain’s annualized revenue sits at about $110 million.
Revenue Sharing Agreement
Under the cooperation license agreement, Robinhood Chain must send back 10% of its net protocol revenue to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO treasury, and 2% goes to the Arbitrum Developer Guild.
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