ARB jumps 45% on $43.2M Robinhood Chain revenue, but token gets none
- —ARB gained about 45% over seven days, reaching $0.23 before pulling back to $0.21
- —Robinhood Chain generated $43.2 million in revenue in the 30 days to September 18
- —10% of network net revenue goes to the Arbitrum ecosystem: 8% to the DAO and 2% to developers
- —Robinhood Chain's daily revenue fell below $1 million after peaking near $8 million
Why it matters: The rally prices in a possible future revenue distribution mechanism that does not yet exist; the reaction to the pullback from $0.23 will show how sustainable the rally is.
Source: Coindoo