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Why Arbitrum (ARB) Price is Up Today?
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Arbitrum rose 30% to $0.112 in 24 hours, driven by rising activity and revenue on Robinhood Chain, which uses Arbitrum technology and generated more than $1 million in fees. Under the revenue-sharing model, 10% of Robinhood Chain’s net revenue flows to the Arbitrum ecosystem. A short squeeze also boosted the rally, with open interest reaching $88.1 million. ARB now faces resistance at $0.12, while a September 23 token unlock could add selling pressure.
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