Robinhood Blockchain Boosts Arbitrum Price by 35%

The Arbitrum token ($ARB) has seen a significant increase of 35% in recent times. This surge can be attributed to the launch of Robinhood's own blockchain, built on Arbitrum Orbit technology.

Rohan Chain, Robinhood's blockchain, utilizes Arbitrum's underlying infrastructure and generates revenue that flows into the Arbitrum ecosystem. Specifically, 10% of its revenue is allocated: 8% to the $ARB token holder treasury and 2% to the Developer Guild.

The DEX volume on Robinhood Chain has surpassed $1B with a TVL (Total Value Locked) of $250M. As RHC generates more volume, it increases the revenue that flows into the treasury, 10% of which is allocated to the Arbitrum ecosystem.