Arbitrum said its network generated more than $5 million in total revenue in September, reaching $5.45 million and setting a new record. According to the data released on Oct. 2, most of that revenue came from Orbit licensing fees, which totaled $4.75 million. The disclosure also said this portion of revenue may be tied to heavy trading activity on the Robinhood chain during the month. The figures point to a month in which Orbit-related income made up the bulk of Arbitrum’s overall revenue. The update was reported by BlockBeats as a 7x24 market brief.
Arbitrum said on Oct. 2 that total network revenue in September topped $5 million, reaching $5.45 million and setting a record high.
Data released by the project showed that most of the revenue came from Orbit licensing fees, which totaled $4.75 million. Arbitrum said that portion may be related to strong trading activity on the Robinhood chain during the month.
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