ARB Surges 30% as Robinhood Chain Revenue Hits Record Highs

Arbitrum's ARB token rose over 30% in the last 24 hours, breaking out of its long-term trading range. The surge follows record revenue for Robinhood Chain, an Ethereum Layer 2 network built on the Arbitrum stack, which generated $1.92 million in 24-hour revenue. Under the Arbitrum expansion program, Robinhood Chain pays 10% of its chain profits to the Arbitrum DAO. Consequently, the DAO received $175,600 in the last 24 hours, with cumulative 30-day payments reaching $532,000.