Why did $ARB take off? The answer lies with Robinhood Chain. After its July mainnet launch, on-chain fees skyrocketed, peaking above $4M in a single day. 10% of its revenue goes straight to the Arbitrum treasury, turning Robinhood’s activity into revenue for the DAO. But here’s the twist: despite the RWA narrative, most volume is still MEMEs and shitcoins. A regulated broker built the rails, while crypto gamblers drive the activity. The bigger bet? ARB capturing treasury value through future tokenomics.