Arbitrum token surges 19% as Robinhood's new blockchain drives $568M in trading

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Arbitrum's native token jumped 19% following a surge in on-chain trading activity linked to Robinhood's newly launched blockchain. The brokerage's chain recorded approximately $568 million in trading volume, driven largely by memecoin activity. Revenue generated from this trading has been flowing back into the broader Arbitrum ecosystem, boosting its metrics. Robinhood's blockchain is built on Arbitrum's technology, meaning increased usage directly benefits the network. The strong early performance signals a fast start for Robinhood's foray into on-chain trading infrastructure.

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