Standard Chartered Bank initiates coverage of Arbitrum for the first time, setting a $10 target price. The news drove a short-term surge of about 10.9% for $ARB . This isn’t a typical hype call: traditional financial institutions being willing to cover Layer 2 indicates that institutional attention is shifting from narratives to fees, ecosystem activity, and sustainable revenue. Of course, the target price doesn’t equal a short-term top—chasing still requires watching broader market volatility and the likelihood of good news being realized. Going forward, keep an eye on on-chain TVL, active addresses, and growth in core applications. If the data aligns, the valuation repair can be sustained. #Arbitrum #Layer2