Arbitrum rises 15% as market falls after CLARITY Act failure
- —ARB rose 14.6% over 24 hours to $0.153, peaking at $0.159
- —Robinhood Chain generated $524,000 in fees in 24 hours, with Arbitrum set to receive about $52,000
- —10% of Robinhood Chain's net revenue goes to the Arbitrum treasury
- —The current ARB price is 25% below its 6 September high
Why it matters: ARB's rise on a falling market shows that revenue from Robinhood Chain could become a sustainable driver for the token.
Source: Newsbit