Data: Robinhood Chain records unprecedented revenue, ARB token surges 30% in 24 hours

According to CoinDesk, the Arbitrum token ARB has risen over 30% in the past 24 hours, reaching about 11 cents, breaking through the range of 7 to 10 cents since June.

According to DefiLlama data, the Ethereum Layer 2 network Robinhood Chain, launched by Robinhood on July 1, generated $1.92 million in revenue in the past 24 hours, ranking first among all blockchains, followed closely by Canton with $1.76 million, and Tron, Base, and Ethereum with $974,000, $98,000, and $75,000 respectively. The chain's cumulative revenue over 30 days is $5.92 million, with about one-third coming in the past 24 hours and more than two-thirds concentrated in the past week.

Robinhood Chain uses the Arbitrum tech stack and pays directly to the Arbitrum DAO according to the Arbitrum expansion plan. Under this plan, chains that use the Arbitrum tech stack and settle to non-Arbitrum One or Nova parent chains must pay 10% of the chain's profits, with 8% going to the ArbitrumDAO treasury and 2% to the protocol developer guild. In the past 24 hours, the DAO received $175,600, with $363,000 and $532,000 received over 7 days and 30 days respectively.