$ARB saw a rise of over 30% in 1 week, but this time the reason is not the same as the previous waves.
According to AMBCrypto, Arbitrum network revenue has grown 5-fold in just 2 months, largely thanks to Robinhood Chain — an enterprise chain built on Arbitrum infrastructure — which has stepped up on-chain trading activity. Standard Chartered has just started tracking ARB on 21/9 with a target price of $10 for 2030.
This is different from those rallies that rely only on speculative capital inflows: there is real revenue behind it.
But there are 2 things worth watching before concluding the trend is sustainable: on 16/10, there will be a release of 92.65 million ARB (~$20 million, mostly belonging to the team), and the Arbitrum DAO has just voted (by 23/9) to permanently ban 3 projects that previously received grants after the Watchdog recovered around 532,000 ARB suspected of being used for improper purposes.
Is the real growth in revenue enough to carry the momentum through the upcoming unlock?
Reference sources: AMBCrypto, Bitcoinist, CoinGecko — not investment advice.
#ARB #Arbitrum #Layer2
According to AMBCrypto, Arbitrum network revenue has grown 5-fold in just 2 months, largely thanks to Robinhood Chain — an enterprise chain built on Arbitrum infrastructure — which has stepped up on-chain trading activity. Standard Chartered has just started tracking ARB on 21/9 with a target price of $10 for 2030.
This is different from those rallies that rely only on speculative capital inflows: there is real revenue behind it.
But there are 2 things worth watching before concluding the trend is sustainable: on 16/10, there will be a release of 92.65 million ARB (~$20 million, mostly belonging to the team), and the Arbitrum DAO has just voted (by 23/9) to permanently ban 3 projects that previously received grants after the Watchdog recovered around 532,000 ARB suspected of being used for improper purposes.
Is the real growth in revenue enough to carry the momentum through the upcoming unlock?
Reference sources: AMBCrypto, Bitcoinist, CoinGecko — not investment advice.
#ARB #Arbitrum #Layer2
