Robinhood, the American financial services company known for its commission-free trading platform, launched its own blockchain, Robinhood Chain, on July 1. This new venture quickly became a focal point in the decentralized finance (DeFi) community throughout the summer, raising questions about its purpose and business strategy.
Network earnings surgeChris Perkins, who leads Franklin Crypto, addressed these questions on the Bits + Bips podcast, describing Robinhood Chain as an “incredible unlock” for the company. He commended the blockchain’s architecture, referring to it as the “DeFi mullet in action,” an industry term for platforms with a user-friendly interface running on sophisticated DeFi technology.
Market research firm Bernstein, led by analyst Gautam Chhugani, issued a note to clients maintaining an Outperform rating and setting a $160 price target for Robinhood Markets. Bernstein reported that Robinhood Chain’s daily trading fees reached between $2 million and $4 million, placing it ahead of other major blockchains in recent weeks.
During a 15-day period, Robinhood Chain generated approximately $33 million in trading fees, outshining Solana with $11 million and BNB Chain with roughly $9 million. Almost 90% of Robinhood Chain’s revenue flows directly to Robinhood, while about 10% goes to Arbitrum, the technology platform the blockchain is built on. Less than 1% is paid to Ethereum for settlement services.
DefiLlama data indicated that Robinhood Chain amassed $23.8 million in trading fees over the most recent seven days, representing roughly 71% of its $33.5 million total for the previous 30 days. By comparison, Solana collected just $4.3 million in fees in the same week.
Blockchain7-Day Fees15-Day Fees30-Day FeesRobinhood Chain$23.8 million~$33 million$33.5 millionSolana$4.3 million$11 millionData not specifiedBNB ChainData not specified~$9 millionData not specifiedArbitrum is a layer-2 scaling solution designed for Ethereum, offering faster and cheaper transactions by processing them off the main Ethereum chain and then sending the summary proofs back to the mainnet.
Mini dictionary: Arbitrum, a leading Ethereum layer-2 rollup solution, enables greater scalability for decentralized applications by using off-chain processing while maintaining compatibility with Ethereum smart contracts.
Growth fueled by memecoinsA significant portion of Robinhood Chain’s activity centers around memecoins, which are often paired with thinly traded stocks. On the Bits + Bips podcast, host Austin Campbell highlighted an example involving FARMI, a Chinese dried mushroom company listed on Nasdaq with only 15 employees. Following the launch of a memecoin using its ticker, FARMI shares surged 350% in a single day, with 720 million shares trading hands—90 times the normal volume.
Perkins described the situation as “GameStop 2.0,” warning that “anyone playing is probably gonna lose money” and stated that market manipulation with such assets is illegal when they are considered commodities.
Campbell likened this activity to “bucket shops,” referencing entities that profit by exploiting thinly traded assets outside conventional market hours to push prices.
When questioned directly, Perkins refrained from supporting this aspect of Robinhood Chain. He characterized the equities-linked memecoin trend as more of a game than an investment, emphasizing the risks and reinforcing that decentralized chains enable such speculative behavior.
While discussing the permissiveness of the platform, Perkins noted, “people can do what people feel like doing,” describing it as an inherent feature of managing a decentralized blockchain.
This recent surge in memecoin trading has raised new questions about the responsibility of blockchain operators in overseeing market activity, especially when traditional equity tickers are involved in speculative crypto assets.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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At the opening of the US stock market, optical communication, storage, and semiconductor stocks rallied, with Arm and Nokia rising more than 4%.
According to BIT (bit.com) market data, the three major U.S. stock indexes fell collectively at opening: the Dow Jones Industrial Average dropped 0.70%, the S&P 500 declined 0.29%, and the Nasdaq Composite fell 0.34%. Optical communication concept stocks led gains: Nokia (NOK) rose 4.11%, Marvell Technology (MRVL) gained 3.38%, Astera Labs (ALAB) increased 2.98%, Coherent (COHR) rose 2.92%, and Lumentum (LITE) climbed 2.81%. The storage sector saw broad-based gains: SK Hynix (SKHY) advanced 3.36%, Western Digital (WDC) rose 1.55%, Seagate Technology (STX) gained 0.44%, SanDisk (SNDK) increased 0.43%, and Micron Technology (MU) climbed 0.31%. Semiconductor stocks extended their rally: Arm (ARM) rose 4.68%, Marvell Technology (MRVL) gained 3.38%, Qualcomm (QCOM) advanced 2.86%, and AMD increased 1.86%. The Neocloud sector was mixed: Nebius (NBIS) rose 1.95%, Hut 8 (HUT) gained 1.17%, Applied Digital (APLD) advanced 0.55%; Cipher Digital (CIFR) fell 1.76%, and Galaxy Digital (GLXY) declined 1.11%.
5 minutes ago
HPC submits a legal brief supporting the dismissal of the CME v. CFTC case, arguing the lawsuit could hinder innovation in U.S. perpetual futures.
Hyperliquid Policy Center (HPC) has filed an amicus curiae brief with the U.S. District Court for the District of Columbia, urging the court to dismiss the lawsuit brought by CME against the Commodity Futures Trading Commission (CFTC). The brief was submitted on behalf of Elizabeth Prelogar, former U.S. Solicitor General at law firm Cooley. In May this year, the CFTC approved Kalshi’s launch of Bitcoin perpetual contracts as futures products on its U.S.-regulated trading platform, and confirmed that other U.S. derivatives exchanges could also offer similar digital asset contracts. CME later filed the lawsuit, seeking to overturn the regulator’s decision. HPC contends that CME cannot demonstrate the CFTC’s ruling caused it actual harm, thus failing to meet the standing requirement under Article III of the U.S. Constitution. Furthermore, the Commodity Exchange Act is intended to promote responsible innovation and fair competition among exchanges, and CME’s effort to block rivals from launching new products falls outside the scope of protection provided by this law. HPC adds that the case’s outcome could also affect the entry of perpetual contracts and on-chain platforms like Hyperliquid into the U.S. regulatory system.
5 minutes ago
The US stock market opens with broad declines across its three major indices, while META gains over 5%.
According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.15%, the S&P 500 index down 0.25%, and the Nasdaq down 0.36%. Meta Platforms (META) rose more than 5% after launching its personal AI agent, Muse. Amazon (AMZN) fell 1.2% as it issued its first four-part pound-denominated bond. Apple (AAPL) edged down 0.2% ahead of its highly anticipated event.
5 minutes ago
Wintermute is offloading LAPTOP tokens, having sold $2.08 million worth of the tokens.
According to Lookonchain's monitoring, Wintermute has received 2.5 million LAPTOP tokens from the LAPTOP token team and is currently selling them on-chain. As of now, Wintermute has sold 466,255 LAPTOP tokens at an average price of $4.47, with total proceeds of approximately $2.08 million.
5 minutes ago
Stablecoin payments firm Latitude completes $35 million Series A funding round, led by Oak HC/FT.
According to Fortune, global payment infrastructure company Latitude has closed a $35 million Series A funding round, led by Oak HC/FT with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. Latitude previously completed an $8 million seed round; the valuation of the latest round was not disclosed. Founded by industry professionals with backgrounds at Stripe, Uber, Coinbase, and Meta, Latitude primarily provides infrastructure for digital banks, payroll platforms, marketplaces, and financial institutions, enabling enterprises to conduct cross-border transfers via stablecoins and disburse funds in local currencies to bank accounts or mobile wallets. The capital from this round will be used to expand its compliance, engineering, legal, and sales teams. Latitude currently holds or maintains relevant licenses across 45 U.S. markets, and plans to apply for direct regulatory approvals in Southeast Asia, Latin America, and Africa to further expand its operations outside the U.S.
5 minutes ago
LAPTOP's fully diluted valuation (FDV) has fallen below $2 billion, plunging more than 99% from its all-time high.
According to GMGN data, the Meme coin LAPTOP FDV, issued by U.S. President Biden’s son, hit a peak fully diluted valuation (FDV) of over $300 billion within two hours of its launch, then slumped to $18 billion, representing a roughly 99.43% decline, with a trading volume of $9.6 million.
Venice Token (VVV), kripto piyasasının genelinde sınırlı hareket görülürken dikkatleri üzerine çekti. Token birkaç saat önce 30 dolar seviyesine yaklaşarak yeni tüm zamanların en yüksek değerini gördü. Ardından bir miktar geri çekilen VVV, yaklaşık 25,60 dolardan işlem görürken son 24 saatte %42 yükseldi.
Bu hareket VVV’nin piyasa değerini de 1,2 milyar doların üzerine taşıdı. Token böylece Pi Network (PI) ve Arbitrum (ARB) gibi daha büyük isimleri geride bırakarak piyasa değeri sıralamasında 68. sıraya yükseldi.
Ancak sert yükselişin ardından piyasada yeni bir soru ortaya çıktı: VVV’nin önünde hâlâ yükseliş alanı var mı, yoksa kâr alma zamanı mı geldi?
VVV Neden Bir Anda Yükseldi? VVV‘deki sert hareketin arkasında projenin son duyurularından biri bulunuyor.
Venice AI ekibi, toplam 391.000 dolar değerinde VVV yakıldığını açıkladı. Bu, projenin şimdiye kadar tek seferde yakım adresine gönderdiği en yüksek miktar olarak öne çıkıyor.
Venice platformunun kullanım ve sermaye varlığı olarak tanımlanan VVV’nin toplam arzı yaklaşık 80,97 milyon adet. Bunun yarısından fazlası ise dolaşımda bulunuyor.
Yakım işlemi, piyasadaki token arzını azaltan bir mekanizma olduğu için yatırımcıların ilgisini yeniden artırmış olabilir.
VVV İçin Yeni Hedef Nerede? Yükselişin ardından bazı analistler hareketin henüz bitmediğini düşünüyor.
Crypto With Gopal, VVV’nin 23 dolar direncinin üzerine güçlü biçimde çıkmasının yükselişin devamı açısından önemli olduğunu belirtti. Analiste göre alıcılar şu anda piyasada kontrolü elinde tutuyor ve bir sonraki önemli seviye yaklaşık 29,20 dolar.
Bu seviyenin kalıcı şekilde aşılması halinde VVV’nin yeni bir yükseliş dalgasına girebileceği değerlendiriliyor.
OxNeena ise tokenin büyük bir harekete hazırlandığını ve yükseliş sürerse 30 doların üzerine çıkabileceğini savunuyor.
Nebraskangooner de mevcut grafiği güçlü biçimde yükseliş yönlü görüyor. Analistin takip ettiği bir sonraki Fibonacci dirençleri ise yaklaşık 27 ve 35 dolar seviyelerinde.
VVV İçin Risk Nerede Başlıyor? Ancak tüm analistler yükselişin peşinden gitmenin doğru olduğunu düşünmüyor.
Crypto Patel, VVV’nin yükselişini dikkat çekici bulsa da mevcut seviyelerde kârın bir bölümünü korumanın daha mantıklı olabileceğini belirtiyor.
Patel, yüksek risk almak isteyen yatırımcıların küçük bir kısmını pozisyonda tutarak yükseliş ihtimalini değerlendirebileceğini, ancak yaklaşık %1.600’lük hareketin ardından elde edilen kârı korumanın önem kazandığını söylüyor.
Burada teknik göstergeler de risk tarafını destekliyor.
VVV Aşırı Alım Bölgesine Mi Girdi? VVV’nin RSI göstergesinin 80 seviyesinin üzerine çıkması, yükselişin kısa vadede fazla hızlandığına işaret ediyor. Ancak bu tek başına düşüş yaşanacağı anlamına gelmiyor.
VVV’nin bundan sonraki hareketinde asıl soru, yeni bir zirvenin gelip gelmeyeceğinden çok yükseliş momentumunun korunup korunamayacağı olacak. Çünkü token bir yandan güçlü alıcı ilgisiyle rekor kırarken, diğer yandan aşırı alım bölgesine girmiş durumda.
Dolayısıyla VVV için önümüzdeki hareket, yükselişin devamından çok bu yükselişin ne kadar sağlıklı sürdürülebileceğini gösterecek.
VVV’de Şimdi Ne Olacak? VVV’nin 30 dolara yaklaşarak yeni rekor kırması, tokeni kısa sürede piyasanın dikkat çeken altcoinlerinden biri haline getirdi. Fakat yükselişin bundan sonraki aşaması, artık yalnızca yakım haberine değil, alıcıların direnç bölgelerinde ne kadar güçlü kalacağına bağlı.
Bir tarafta 29,20, 30 ve 35 dolar gibi yukarı yönlü seviyeler bulunuyor. Diğer tarafta ise RSI’ın aşırı alım bölgesine girmesi, sert yükselişin ardından kâr satışlarının gelebileceğini gösteriyor.
Bu nedenle VVV için bundan sonraki hareketi belirleyecek asıl soru, yeni bir rekorun gelip gelmeyeceğinden önce mevcut yükselişin ne kadarının korunabileceği olacak.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Anchored said its tokenized stocks went live through Uniswap on Arbitrum on Sept. 7, opening a new onchain route to public-market exposure. The company’s launch announcement identified Anchored as the issuer infrastructure, Arbitrum as the deployment network and Uniswap as the trading venue.
The announcement confirms availability but does not say that the tokens are shares themselves or that access is universal. Anchored’s product disclosures set narrower terms around backing, eligibility and legal rights, making the launch an infrastructure expansion rather than a replacement for conventional brokerage ownership.
According to Anchored’s official stock-product page, its tokenized stocks and exchange-traded funds are backed one-for-one by underlying assets held in regulated custody. The page says reserves are independently verified through a public proof-of-reserves process.
Anchored’s legal terms add an important distinction: the tokens are not the underlying shares or securities. Instead, the rights attached to each token are defined in the applicable governing documents. Offers are made through a gated application operated by Anchored Capital Ltd after onboarding and verification, not through the informational website itself.
Uniswap provides the onchain trading route By placing the products on Uniswap through Arbitrum, Anchored is connecting its issuance structure to decentralized liquidity and blockchain settlement. The company says its broader infrastructure is intended to connect assets, compliance, distribution and settlement, while integrating traditional financial platforms with decentralized protocols.
The launch fits a wider push by crypto platforms to package equity exposure for blockchain users, though structures differ materially between providers. BlockchainReporter has examined how crypto platforms approach U.S. stock exposure, including the distinction between products backed by securities and derivatives that only track their prices.
Eligibility and token-holder rights remain central Anchored says its products are intended for professional, accredited, sophisticated or otherwise qualified investors where applicable. They may not be available in every jurisdiction and are not directed at U.S. persons or people in mainland China. Prospective users therefore cannot infer eligibility simply because a pool is visible through an onchain interface.
The company also lists market, liquidity, counterparty and technology risks, including possible loss of capital. For readers assessing the Sept. 7 rollout, the key facts are that Uniswap access is live on Arbitrum and that Anchored claims one-for-one share backing; the exact holder rights, transfer conditions and availability still depend on governing documents and jurisdiction-specific checks.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
As an L2 network, Robinhood’s growth has resulted in increased revenues for multiple ecosystems.
In terms of technicals, however, it seems that Arbitrum [ARB] has benefited the most. The token’s price grew 50%+ in the first week of September, compared to only 1.5% for Ethereum [ETH]. As one of the networks that provide infrastructure for Robinhood Chain, it is logical that it would capture a significant share of the value created.
The main reason for this lies in the distribution of revenues from the Layer 2 network. Interestingly, 10% of them are allocated to the Arbitrum team, out of which 8% goes to the DAO and the remaining 2% to a developer guild that builds new features for the platform.
Source: DeFiLlama Given this setup, it’s no surprise that growing on-chain activity on Robinhood has contributed to ARB’s rally.
As the chart above shows, Robinhood’s income from fees has already totaled a record $19 million this month, which marks a 220% increase compared to the previous month. And since 10% of that goes to Arbitrum, the network is directly benefiting from Robinhood’s rapid growth. This is where the key divergence comes in.
Robinhood Chain is also built on Ethereum; however, ETH is up just 1.5% this month compared to ARB’s 50+% rally. This indicates that Arbitrum is capturing much of the upside from Robinhood’s growing on-chain activity, raising the bigger question: with the market betting on an altcoin season, is Arbitrum quietly positioning itself as a leader?
Robinhood could be giving Arbitrum a major edge Arbitrum’s revenue link to Robinhood appears to be paying off in more ways than one.
In a post on X, Arbitrum declared that ARB is now available on Solana [SOL] via Sunrise. This means that ARB has an additional growth catalyst, thanks to its access to the liquidity and user base of Solana’s booming on-chain ecosystem. In other words, ARB now has access to Solana, adding another catalyst to its recent rally.
And the timing could not have been more perfect. As seen in the chart below, the popularity of ARB is on the rise, as it is currently one of the top 3 most searched altcoins on CryptoRank this week. With Bitcoin dominance now below 60% and altcoin dominance beginning to climb, ARB has the potential to continue its upward trajectory if the altcoin cycle begins to gain traction.
Source: CryptoRank Against that backdrop, ARB’s weekly rally looks far from being just a Robinhood-driven run.
Instead, ARB is benefiting from the rising on-chain activity while also siphoning off 10% of the revenue from Robinhood Chain. That gives ARB a strong fundamental underpinning alongside its recent price momentum.
Hence, with the trifecta coming together – strong fundamental performance, a double-digit rally, and rapid network expansion – ARB is in a prime position to emerge as a leader in the altcoin cycle.
A fight over Robinhood Chain’s fee design has moved past a two-person argument and now includes voices from Solana, Arbitrum, and BNB Chain. The issue is no longer only how much a single transfer costs. It is who should earn money from network activity, and how a chain pays for the next several years of development.
Solana co-founder Anatoly Yakovenko opened the exchange after Robinhood Chain fees jumped during a busy stretch.
He said the 10 percent of net protocol revenue that Robinhood already sends to Arbitrum would have paid for the same traffic on Solana several times over.
On that basis, he argued, Robinhood could have subsidized users and offered a gas-free product instead of collecting congestion-driven fees on its own layer-2.
Offchain Labs co-founder Steven Goldfeder rejected that framing.
On an Arbitrum Orbit chain, Robinhood keeps most of the net sequencer proceeds after settlement costs.
On Solana, base-layer fees go to the network, so Robinhood would keep none of them.
Zooming out on the debate of "what's best for Robinhood", I really want to point out further lowering gas fee is no longer the highest priority of the blockchain industry.
The real priority of all blockchains today is finding sustainable business model that feeds back into its… https://t.co/ic6Ixr5bPs
— Nina Rong (@nina_rong) September 6, 2026
Any waiver would then come from the company’s own cash.
Goldfeder’s line was that Robinhood picked Arbitrum so it could run the venue rather than rent space on someone else’s.
BNB Chain growth lead Nina Rong then widened the lens.
She said cutting gas further is no longer the industry’s main job.
Foundations spent years handing out grants and pushing fees down.
To last another cycle, she argued, chains need commercial structures that send money back into engineering and growth—whether that is gas, a revenue-share license, or some other contract.
The question, in her telling, is not which network is cheapest today.
Robinhood Chain went live on July 1 as an Ethereum layer-2 using Arbitrum’s stack.
Under the Expansion Program, 10 percent of net protocol revenue goes to the Arbitrum ecosystem (most to the DAO treasury, a smaller slice to developer funding).
Robinhood keeps the rest.
That is the “landlord” model Goldfeder described: the company operates its own environment and treats the stack as a licensed product.
Much of the recent fee volume has come from trading apps and token launches rather than only from tokenized stocks.
Layer-2 design lets the operator set prices and commercial terms while still settling to Ethereum.
Rong’s point is that the next test is whether that activity funds technology instead of another round of fee races.
The three views now sit side by side.
Solana’s case is that applications should live on cheap public rails and monetize in the product. Arbitrum’s case is that a large firm should own the chain and keep most of the economics. BNB Chain’s case is that the whole sector has to stop treating ever-lower gas as the finish line.
Anchored Finance has launched tokenized versions of traditional stocks on Uniswap’s decentralized exchange, using the Arbitrum Layer-2 network as its primary venue. The deployment, which went live on August 24, brings 10 tokenized equities onto one of DeFi’s most liquid trading platforms, each backed 1:1 by shares held through US regulated brokers and custodians.
What Anchored built and how it works Anchored Finance first announced its plans on August 20, targeting a launch window of August 21 to 24. The team met that timeline, with tokens going live on the later end of the window after completing technical and liquidity preparations.
The tokenized stocks are issued as ERC-20 tokens. Liquidity routing runs through UniswapX, an order-routing protocol that aggregates liquidity sources to find optimal execution for traders. Settlements happen in USDC, and Anchored has also built on-chain issuance workflows, meaning the creation and redemption of tokenized shares follows a transparent, verifiable process.
The deployment isn’t limited to Arbitrum. Anchored simultaneously launched on Ethereum mainnet, Base, and Monad, spreading its tokenized equities across four networks.
The tokenized RWA wave keeps building Anchored’s approach leans on US custodial services to hold the underlying shares, creating a compliance framework where each on-chain token corresponds to a real share sitting in a regulated brokerage account.
What this means for tokenized equities Post-launch trading volume data for Anchored’s tokens hasn’t surfaced yet. A 1:1 backing model with regulated custody addresses the trust problem. USDC settlements remove friction. Multi-chain deployment across four networks increases surface area for discovery, and Uniswap integration means these tokens don’t need to build their own trading ecosystem from scratch.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
7 September 2026 | 13:26 ARB has rallied roughly 111% from around $0.078 in early August, but the sharp rejection below $0.21 now makes revenue, activity and support levels decisive.
Key Takeaways Robinhood Chain created a DAO-income channel. ARB has no automatic revenue distribution. RWA figures show scale, not guaranteed liquidity. $0.154 is the immediate support level. ARB’s gain stood apart from the broader market move ARB traded near $0.165 on the Coinbase daily chart on September 7 at around 09:50 UTC, after rising from an early-August area around $0.078. The advance reached $0.206 before reversing, leaving the token about 19.6% below its recent high at the time of the chart capture.
Arbitrum (ARB/USD) price gaining 111% since early August. CoinGecko data showed ARB up about 90% over seven days, while total crypto market capitalization had gained about 2.4% over the same period. That performance gap suggests traders were also responding to Arbitrum-specific developments.
Robinhood Chain introduced a new income stream for ArbitrumDAO One important factor is the commercial structure behind Robinhood Chain. The network launched on public mainnet on July 1 as a dedicated Arbitrum chain that settles to Ethereum. Under the Arbitrum Expansion Program, 10% of its protocol net revenue is allocated to the ecosystem: 8% to the ArbitrumDAO treasury and 2% to the Arbitrum Developer Guild.
The distinction between net revenue and gross transaction fees matters. Not every fee paid by a Robinhood Chain user becomes DAO income. Still, the agreement gives ArbitrumDAO a measurable economic interest in the chain’s activity. ArbitrumDAO’s Robinhood Chain factsheet says the treasury share is routed through the AEP fee router and included in regular DAO financial reporting.
Robinhood’s stock-token products, lending services and liquidity applications operate on that infrastructure. This earlier look at how Robinhood Chain’s transactions connect to Arbitrum explains why the relationship matters beyond a standard technology partnership.
In a late-August update, the Arbitrum Foundation said Robinhood Chain had generated more than $800,000 in revenue over the preceding seven days. The figure showed that the arrangement was already producing activity worth monitoring, although a one-week run rate cannot establish long-term income. The Foundation’s update annualized that pace at roughly $42 million.
DAO income does not automatically become ARB income Robinhood Chain can strengthen the DAO treasury, but ARB does not currently give holders an automatic right to that revenue. There is no built-in buyback, dividend or distribution mechanism tied to the AEP payments.
A larger treasury can fund ecosystem spending, but only through future DAO decisions. It can support grants, security work, liquidity programs and product development, while making governance over those assets more consequential. The rally can therefore be read as a bet on ecosystem growth and governance value, rather than a direct revenue-yield trade.
That is also the key risk in the current narrative. Sustained Robinhood Chain revenue would improve the DAO’s position, but the market will eventually need to see how that income is used if it is to support a higher long-term valuation for ARB.
Arbitrum’s first-half figures gave traders fresh evidence The Arbitrum Foundation’s first-half 2026 report, published on September 2, showed that the DAO already had several income sources beyond the Robinhood arrangement. It reported $6.19 million in total first-half income from transaction fees, Timeboost, Arbitrum Expansion Program licence fees and treasury income, with gross margins of 97% across those revenue streams.
The report also listed $125 million in non-ARB treasury assets as of June 30. Arbitrum processed 478 million transactions during the first half of the year and averaged more than $70 billion in monthly stablecoin transfer volume, according to the Foundation’s progress update.
These figures do not show that the report caused ARB’s rally but they show that the DAO’s income is diversified and that Robinhood Chain is joining an ecosystem with an established activity base.
RWA data shows scale, but not necessarily liquidity RWA.xyz lists $972.96 million in distributed asset value and $24.55 million in represented asset value on Arbitrum. The platform recorded 9,706 RWA holders and $398.58 million in 30-day transfer volume.
Its 4,678 listed tokenized assets show the breadth of Arbitrum’s RWA footprint, but issuance does not automatically mean those assets trade actively. Many tokenized funds, debt instruments and securities are designed for long-term holding, restricted to eligible investors or traded through limited venues. The better evidence of growing use will be continued increases in holders, transfers and fee-paying activity.
RWA dashboards also use different methodologies. DeFiLlama puts Arbitrum’s active RWA market capitalization at $822.92 million, below RWA.xyz’s broader distributed and represented asset values. The difference is a reminder that tokenized-asset totals should be read as indicators of network scale, not as a single definitive measure of liquidity.
DeFiLlama also puts Arbitrum’s DeFi TVL at about $1.42 billion, alongside $3.59 billion in stablecoin market capitalization, $118.8 million in daily DEX volume and $734.8 million in daily perpetuals volume. Stablecoin totals can vary across dashboards because providers classify bridged, represented and native assets differently.
The latest data from growthepie shows 1.3 million transactions and 87,700 daily active addresses on Arbitrum. Those figures show that the network has an active user base, but they cannot determine how much of that activity came from Robinhood Chain, RWAs or other applications.
Infrastructure upgrades add to the institutional case Arbitrum’s recent technical work also fits the institutional-use narrative. ArbOS Elara, activated on August 20, added larger contract-size limits and programmable compliance controls for dedicated chains, alongside changes to fee and data-availability infrastructure. The Foundation has also outlined research into using zero-knowledge proofs to speed up settlement while retaining optimistic-rollup safeguards. Arbitrum’s August update described both developments.
Neither development proves a direct cause of the latest ARB move. They do help explain why a financial firm or tokenization issuer may view Arbitrum as infrastructure for a dedicated, regulated or high-volume product.
That fundamental backdrop explains why the breakout attracted attention. The chart now shows whether buyers are prepared to defend it.
Arbitrum (ARB/USD) daily price chart with Fibonacci levels and RSI indicator. ARB price levels to watch after the rejection The Fibonacci retracement is drawn from the $0.07028 swing low in July to the $0.20606 September rally high visible on the daily chart. ARB slipped below the 23.6% retracement at $0.17401, turning it into the first level buyers need to reclaim.
ARB price levels to watch
Key Fibonacci resistance and support zones
Price level
Why it matters
$0.206
Recent rally high and the main upside barrier.
$0.191–$0.206
The recent rejection zone where selling emerged.
$0.174
23.6% Fibonacci retracement; first resistance to reclaim.
$0.154
38.2% retracement and the first major support.
$0.138
50% retracement and the next downside level.
$0.122
61.8% retracement and deeper structural support.
$0.099
78.6% retracement near the longer-term average cluster.
A daily close above $0.174 would show that buyers have recovered the first lost Fibonacci level. That would reopen the path toward $0.191 and then $0.206. If daily closes hold above $0.154 but remain below $0.174, ARB would be consolidating after the rapid advance rather than confirming a new leg higher.
A close below $0.154 would put $0.138 in view, followed by $0.122. A deeper decline would bring the $0.099 retracement into focus. That area sits near the 200-day moving average at $0.09927; the 50- and 100-day averages are lower, near $0.093 and $0.088.
The chart showed volume rising during the breakout. Whether volume returns on a reclaim of $0.174, or grows on a break below $0.154, will help show which side has control after the first major pullback.
What would validate the rally from here? The rally coincided with a new DAO-income channel and stronger evidence of Arbitrum’s financial activity. The next evidence traders need is recurring revenue, not another headline.
Robinhood Chain’s reported net revenue should continue to appear in DAO financials, while RWA holders, transfer volume and broader network activity should keep growing alongside asset values. On the chart, ARB needs to hold $0.154 and reclaim $0.174 to show that the current move is becoming a defended trend rather than a short-lived repricing of future potential.
This article is for informational purposes only and does not constitute financial advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Kripto para piyasasında dikkat çekici bir yükseliş yaşayan Zcash (ZEC), son 24 saatte yaklaşık yüzde 15 değer kazanarak 1.170 dolar seviyesine ulaştı.
Sert fiyat hareketi yalnızca ZEC’i piyasa değerine göre en büyük 10 kripto para arasına taşımadı, aynı zamanda türev piyasalarda milyonlarca dolarlık pozisyonun tasfiye edilmesine neden oldu.
CoinGlass verilerine göre son 24 saat içinde kripto para piyasasında yaklaşık 212 milyon dolarlık toplam likidasyon gerçekleşti. Bu tasfiyelerin yaklaşık 156 milyon dolarlık bölümü, fiyatların yükselmesine karşı pozisyon alan yatırımcıların short işlemlerinden oluştu.
ZEC ise yaşanan likidasyon dalgasının merkezindeki altcoin olarak öne çıktı. Yükselişin devam etmesi, özellikle kaldıraçlı short pozisyon taşıyan yatırımcıların zararlarını hızla büyüttü.
ZEC Neden En Fazla Likidasyon Yaşanan Kripto Para Oldu? Son 24 saatlik dönemde ZEC işlemlerinde yaklaşık 45,32 milyon dolarlık likidasyon kaydedildi. Bu rakam, aynı zaman diliminde diğer büyük dijital varlıklarda gerçekleşen tasfiyelerin üzerine çıktı.
Likidasyon sıralamasında ZEC’i yaklaşık 35,16 milyon dolarla Ethereum (ETH) izledi. Bitcoin’de (BTC) 16,79 milyon dolarlık, Arbitrum’da (ARB) ise yaklaşık 12,94 milyon dolarlık tasfiye gerçekleşti.
ZEC fiyatındaki yaklaşık yüzde 15’lik günlük yükseliş, özellikle düşüş beklentisiyle açılan kaldıraçlı işlemleri baskı altına aldı. Short pozisyon sahipleri fiyat yükseldikçe ek teminat ihtiyacıyla karşılaşırken, yeterli teminat bulunmayan işlemler platformlar tarafından otomatik olarak kapatıldı.
Bu gelişmeler, ZEC’in güçlü fiyat performansıyla piyasa değerine göre en büyük 10 kripto para arasına girmesini de beraberinde getirdi. Böylece kripto para piyasası içinde uzun süredir öne çıkan büyük varlıkların sıralamasında dikkat çekici bir değişim yaşandı.
Büyük ZEC Short Pozisyonunda Zarar Büyüdü ZEC’teki sert yükseliş, Hyperliquid platformunda bulunan büyük bir short işleminin de yeniden gündeme gelmesine yol açtı. Daha önce yaklaşık 230 milyon dolarlık likidasyonla kripto topluluğunun dikkatini çeken ve “10 Ekim balinası” olarak tanınan Garrett Bullish’in büyük bir ZEC short pozisyonu taşıdığı bildirildi.
Verilere göre söz konusu yatırımcı yaklaşık 32.759,57 ZEC büyüklüğünde, yaklaşık 38,18 milyon dolar değerinde 2x kaldıraçlı short pozisyona sahip. Pozisyonun ortalama giriş fiyatı yaklaşık 444 dolar seviyesinde bulunuyor.
ZEC fiyatındaki yükseliş nedeniyle bu işlemin gerçekleşmemiş zararı yaklaşık 23,57 milyon dolara ulaştı. Mevcut verilere göre pozisyonun likidasyon fiyatı ise yaklaşık 2.566 dolar seviyesinde yer alıyor.
Bu örnek, kaldıraçlı işlemlerde fiyatın beklenen yönün tersine hareket etmesi halinde zararların ne kadar hızlı büyüyebileceğini gösteriyor. Özellikle yüksek volatiliteye sahip bir token üzerinde kaldıraç kullanmak, yatırımcıların portföy riskini önemli ölçüde artırabiliyor.
Bitcoin Long Pozisyonu Zararı Kısmen Dengeliyor Mu? Aynı büyük yatırımcının yalnızca ZEC üzerinde işlem yapmadığı görülüyor. Verilere göre Garrett Bullish, yaklaşık 1.331,88 BTC büyüklüğünde bir Bitcoin long pozisyonu da taşıyor.
Söz konusu Bitcoin pozisyonunda yaklaşık 3,6 milyon dolarlık gerçekleşmemiş kâr bulunuyor. Ancak bu kazanç, ZEC short işleminde oluşan yaklaşık 23,57 milyon dolarlık gerçekleşmemiş zararın oldukça altında kalıyor.
ZEC’in en büyük 10 kripto para arasına yükselmesi ve türev piyasalardaki yoğun tasfiyeler, yatırımcıların bu altcoin üzerindeki yeni fiyat hareketlerini yakından izlemesine neden olabilir.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Altcoins have posted significant gains over the past month, fueled by a strong rally in major cryptocurrencies outside Bitcoin and stablecoins. Market data showed that the TOTAL2ES index, which tracks the market capitalization of all crypto assets except Bitcoin and stablecoins, climbed by nearly 32% during this period.
Large cap altcoins among top performersOver the past week, several established altcoins have recorded double-digit returns. Zcash and Dash, both legacy projects in the crypto sector, experienced notable rallies. Within the top 100 cryptocurrencies by market cap, Uniswap’s UNI token rose 39.1%, while Arbitrum’s ARB token surged 107.4%. Uniswap last traded at its current price levels in November of the previous year, while Arbitrum reached its highest value since early January.
Robinhood Chain, a blockchain network that launched approximately two months ago, emerged as a major catalyst behind this surge. Robinhood Markets, a publicly listed financial brokerage, operates the Robinhood Chain, which quickly became the top fee-generating network in the crypto sector. Uniswap and Arbitrum are closely tied to this ecosystem, with cumulative decentralized exchange (DEX) volume on Robinhood Chain surpassing $40 billion. The chain’s daily revenue reached more than $4 million, outpacing Ethereum, BNB Chain, Hyperliquid, and Base.
Mini dictionary: Robinhood Chain, a blockchain launched by Robinhood Markets, enables decentralized trading and has quickly become a leading source of protocol revenue with unique integration for tokenized financial assets.
Uniswap dominates Robinhood Chain tradingUniswap serves as the primary decentralized exchange within the Robinhood Chain ecosystem, handling the vast majority of trading activity. On Robinhood’s network, Uniswap captures 0.465% of every dollar traded, a higher rate than the 0.214% earned across its other deployments. This premium is partly due to tokenized stock pairs using Uniswap’s highest fee tiers, which recently grew to 4.1% of the chain’s volume from nearly zero in August.
Uniswap’s fee income has been rising sharply as “almost all of the trading happens there” and the exchange “earns more per dollar traded on that chain than it does elsewhere” due to higher fee tiers and increasing activity in tokenized asset pairs.
Fee switch accelerates UNI token burnsPreviously, UNI tokens played a limited role in the value capture from exchange activity. That changed with the introduction of the UNIfication upgrade, which activated Uniswap’s fee switch. Now, fees generated on the network are used to purchase and burn UNI, permanently reducing the token supply. As Robinhood Chain activity grows, additional fees drive up the rate of UNI token burns.
With the fee switch live, revenue from Robinhood’s surge “is now used to buy and burn UNI, permanently removing it from circulation.”
As more Robinhood users interact with the chain, Uniswap’s volume and corresponding fee income increase, directly boosting UNI burns.
Arbitrum earns revenue by designArbitrum’s relationship with Robinhood Chain is contractually defined. Robinhood Chain uses Arbitrum’s technology, and under the Arbitrum Expansion Program, the chain must send 10% of its net protocol revenue back to Arbitrum. This breakdown allocates 8% to the Arbitrum DAO treasury and 2% to the developer guild.
Mini dictionary: The Arbitrum Expansion Program is an initiative where blockchain networks built on Arbitrum technology share a portion of their protocol revenue with the Arbitrum DAO and its developer community.
Over a recent 30-day period, this arrangement generated about $1.32 million for Arbitrum, compared to $78.73 million that Uniswap has collected in trading fees from Robinhood Chain over the same timeframe. Notably, these funds are controlled by Arbitrum’s decentralized autonomous organization treasury rather than going directly to ARB token holders.
MetricUniswap (UNI)Arbitrum (ARB)30-day revenue from Robinhood Chain$78.73 million$1.32 millionRevenue destinationToken buy-and-burnDAO and developer treasuryMethod of accrualTrading fees collected and burned10% net protocol revenue shareFee concentration raises new exposure risksMost of Uniswap’s current fee revenue now depends on Robinhood Chain, a network operated by a regulated financial brokerage accountable to the US Securities and Exchange Commission and public shareholders. This marks a significant change for Uniswap, which historically spread its operations across many networks as a strategy to reduce risk.
If Robinhood were to adjust its swap routing, alter fee structures, or encounter regulatory challenges, Uniswap’s burn rate and, consequently, UNI’s market support could be immediately affected. This degree of reliance on a single network is unprecedented for Uniswap.
For now, however, Robinhood Chain’s record trading volume and rising network fees continue to drive upward price action in both UNI and ARB.
A Fee Model That Divides the IndustryRobinhood Chain's gas fee structure has become the flashpoint for a broader argument about blockchain economics, drawing in the founding teams of Solana, Arbitrum, and BNB Chain.
The chain launched on July 1, 2026, built on the Arbitrum Orbit framework, and sends 10% of its net protocol revenue to the Arbitrum ecosystem while retaining the rest. During peak activity, the network collected $4.22 million in fees in a single day against roughly 10.4 million transactions, working out to about $0.40 per transaction. At its peak, Robinhood Chain's fee generation annualized at approximately $42 million.
Solana co-founder Anatoly Yakovenko fired the opening shot, publicly criticizing Robinhood Chain's fee model and arguing that the brokerage's decision to earn revenue from network congestion is a flawed business approach. Yakovenko argued that Robinhood's 10% revenue share with Arbitrum could have covered Solana transaction fees four times over, potentially allowing Robinhood to offer gasless transactions.
Goldfeder Defends the Arrangement, BNB Chain Broadens the DebateOffchain Labs co-founder Steven Goldfeder pushed back directly. He argued that Robinhood chose Arbitrum so they could be a landlord and not a tenant, pointing out that on Arbitrum, Robinhood keeps 90% of gas fees, whereas on Solana they would retain zero and any fees they subsidized would come out of pocket. Robinhood Chain routes 10% of net protocol revenue to the broader Arbitrum ecosystem, with eight percentage points going to the Arbitrum DAO and two supporting its developer guild funding program.
BNB Chain's Executive Director of Growth, Nina Rong, used the debate to make a wider point. She argued that sustainable business models should now take priority, shifting attention from the immediate cost of transactions to the financial structures supporting network development, and that doing so for another five years requires a solid commercial structure.
The dispute cuts to a fundamental question for the industry. At stake is a philosophical rift about whether blockchain infrastructure should function as a revenue engine for the app sitting on top, or whether fees should flow to the validators keeping the network secure. Yakovenko's argument is really about which model should become the default for traditional finance firms building on crypto rails. If Robinhood's approach becomes the template, other brokerages entering crypto will likely treat their own Layer 2 as a revenue line first and a public network second.
Arbitrum (ARB) has shown a robust bullish trend, climbing significantly as renewed buyer interest and expanding real-world asset (RWA) adoption fuel momentum. Technical indicators increasingly support the outlook for further growth, and analysts are watching closely for confirmation of continued recovery and higher price targets.
Price action and technical signalsARB is currently trading at $0.1928, reflecting a 45.02% surge over the last 24 hours. Trading volumes have reached $1.13 billion, with market capitalization at $1.28 billion. The price recovery comes after the token reclaimed the $0.1113 resistance zone, according to crypto analyst Nehal, signaling renewed control by buyers.
Analysts suggest that if ARB holds above this reclaimed support, the setup for further gains will strengthen. A successful retest between $0.111 and $0.115 could provide additional confirmation for another upward move. Nehal notes that a definitive flip of resistance into support may push ARB toward $0.182, marking a potential 63% upside from the breakout zone.
ARB’s momentum strengthens after regaining the $0.1113 zone, with buyers positioned for further gains pending confirmation of new support.
Technical analysis from TradingView highlights a sharp breakout following a consolidation phase at $0.0800. The price quickly crossed key resistance at $0.1400 and set a new all-time high at $0.2040 before pulling back to $0.1933. Support from upward-sloping 20, 50, 100, and 200 EMAs near $0.1512 underline positive sentiment, though the RSI standing at 80.11 suggests overbought conditions which could prompt consolidation.
MetricCurrent Value24h ChangePrice$0.1928+45.02%Trading Volume$1.13 billionSurgedMarket Cap$1.28 billion–All-Time High$0.2040–RSI80.11OverboughtThe presence of upper shadows above $0.2000 indicates that some traders are taking profits, even as the broader trend remains highly bullish. Analysts anticipate some near-term consolidation before another potential leg upward.
Derivatives growth and ecosystem expansionCoinglass data reveals a substantial uptick in trading activity. Volume has grown by 606.39% to $2.38 billion in 24 hours, and open interest has increased by 55.52% to $299.54 million. This surge in derivatives trading suggests heightened market participation and speculation in ARB.
Alongside increased derivatives activity, the development of the Arbitrum ecosystem are being spotlighted by figures from the RWA Foundation. The value of real-world assets on the network has now surpassed $1 billion, highlighting the growing use of tokenized financial instruments and the trend of bringing traditional asset classes onto blockchain infrastructure.
Mini dictionary: RWA Foundation, an organization that tracks the tokenization and adoption of real-world assets (RWA) on blockchain platforms, supports integration of assets such as stocks, government securities, and commodities onto the Arbitrum network.
By facilitating tokenized versions of physical assets, Arbitrum is attracting greater interest from institutions and investors. This milestone marks growing network value, increased liquidity, and rising demand for Arbitrum’s services as tokenization expands in the sector.
What’s next for ARB?Many investors remain focused on whether the recently reclaimed resistance level can hold as support, particularly as increased market activity and RWA integration continue. A strong bounce at the retest zone may reinforce bullish sentiment and open the door for further recovery, while failure to defend support could signal a period of consolidation or delay further gains.
Market observers note that the surge in trading participation and real-world asset adoption could remain key drivers of Arbitrum’s broader growth in the near term.
Increased tokenization of real-world assets and renewed market participation may shape the next phase of Arbitrum’s ecosystem expansion.
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Arbitrum’s ARB governance token is now tradeable on Solana, courtesy of Sunrise and Wormhole’s Native Token Transfers framework. The listing establishes what Sunrise calls the canonical version of ARB on Solana, meaning it’s designed to be the single, official representation of the token across the network’s ecosystem of wallets and decentralized exchanges.
ARB can now move through Solana’s infrastructure, including Jupiter, Phantom, Backpack, Solflare, Raydium, and Kamino.
How Wormhole NTT makes this work Wormhole’s Native Token Transfers framework is the plumbing behind this integration. Unlike traditional bridges that create wrapped versions of tokens, NTT preserves the core properties of the token being transferred.
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Wrapped tokens have historically created a fragmentation problem. You end up with multiple versions of the same asset floating around a blockchain, each with its own liquidity pool, none of them deep enough to trade efficiently.
NTT sidesteps this by establishing a single canonical representation. For ARB on Solana, that means one mint address: ARBzQTYDCW2KnVEjs1Mc81LekB1ibVFZKbSVmorkoT9d. Every Solana application that wants to support ARB points to this single source of truth, concentrating liquidity rather than scattering it.
Sunrise’s growing cross-chain empire Sunrise launched on November 24, 2025, with Monad’s MON token as its first major listing. Since then, it has expanded to support assets from multiple networks, including Ethereum, Arbitrum, and Sui. Tokens like SUI and AAVE have already made the jump to Solana through the platform.
Assets listed via Sunrise have collectively generated over $500 million in trading volume on Solana over a 30-day period as of April 2026.
Sunrise’s approach is built around three pillars: centralized bridging (one canonical version per asset), immediate liquidity from launch day, and streamlined distribution across a chain’s application ecosystem. Rather than listing a token and hoping liquidity materializes organically, the platform coordinates with DEXs and wallets ahead of time so that the asset is usable from the moment it goes live.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TLDR: Solana news brings ARB trading through Sunrise, expanding access while drawing attention to competing claims about fees and execution. Steven Goldfeder emphasizes protection against harmful MEV, while Anatoly Yakovenko argues that Arbitrum offers worse spreads and higher fees. SOL trades at $106.02 after gaining 2.5%, while daily trading volume increases 63.8%, without establishing a direct link to the ARB listing. Support near $105 and resistance at $107.37 frame the immediate technical setup, with a decline below $104.94 weakening the recovery. Solana news centers on ARB arriving through Sunrise while SOL trades at $106.02, up 2.5% over 24 hours. The listing gives traders another venue for the asset and brings trading costs into focus. Solana promotes better spreads and lower fees, while rival executives disagree over how those costs should be measured.
According to Coingecko data, SOL trading volume climbs 63.8% to $3.49 billion during the same period. That increase accompanies the price recovery, although it does not establish that the ARB launch caused either move. Attention now turns to execution quality, available liquidity, and support near the closely watched $105 level.
Solana news puts Sunrise ARB launch and fees in focus Solana announced that ARB is available on its network through Sunrise, presenting the expansion as access to the same asset. Its message emphasizes tighter spreads and lower fees. The development concerns a new trading venue for ARB, rather than the creation of a new Solana token.
The Solana news story also intersects with a public disagreement between Steven Goldfeder and Solana cofounder Anatoly Yakovenko. Goldfeder argues that simple fee comparisons overlook protection against frontrunning and harmful maximal extractable value, commonly called MEV.
In his comments, Goldfeder describes the comparison as “apples and oranges.” He says Arbitrum protects users against trading practices that can create hidden execution costs. His argument focuses on the total cost experienced by traders, beyond the visible charge.
Yakovenko disputes that assessment, saying Arbitrum has worse spreads and higher fees. He cites a difference of roughly tenfold in his comparison. That statement represents his assessment, rather than an independently verified guarantee covering every ARB transaction.
For this Solana news development, the distinction matters because network fees and trading costs measure different things. A swap can involve a network charge, a liquidity provider fee, and price slippage. Available liquidity also affects execution, particularly for larger orders.
Solana documentation describes a base transaction fee alongside optional priority fees. Those charges alone do not establish the complete cost of buying ARB. Comparing equivalent order sizes and execution outcomes would provide a stronger basis for evaluating the competing claims.
The launch announcement does not specify a universal fee schedule. Making comparisons therefore requires examining actual trading costs across different venues and individual order sizes.
SOL price tests support after trading volume jumps higher The SOL price increase places the token above $105, with the recent $107.37 swing high marking nearby resistance. A move from $106.02 to that level would represent approximately 1.3% upside. Holding support would keep that resistance test in view.
Meanwhile, a decline below $104.94 would weaken the immediate recovery setup. That threshold sits just beneath the broader $105 support area. These levels describe conditional trading scenarios; they do not establish that a breakout or deeper decline will occur.
Source:TradingView The latest Solana news arrives alongside stronger turnover, but the $3.49 billion figure requires careful interpretation. SOL trading volume measures activity in the token. It should not automatically be described as Solana network trading volume or ARB turnover.
Similarly, higher volume does not measure net capital inflows. Every completed trade involves both a buyer and a seller. The increase shows greater trading activity, while separate flow measurements would be necessary to establish fresh capital entering the ecosystem.
For the ARB token, adoption would be better assessed through actual trading activity and available market depth. Social engagement can show attention, but likes and reposts do not demonstrate lasting demand. The announcement alone provides no basis for estimating future user growth.
As Solana news shifts toward execution, the immediate technical markers stay close together. SOL trades $1.02 above $105 support and $1.35 below the recent $107.37 high. A price break below $104.94 would place the token beneath both nearby support references.
Solana has announced that the ARB token is now available to trade on its network through Sunrise, expanding the options for ARB holders and traders. The move has drawn renewed attention to how trading fees and execution quality are compared across blockchains, especially amid ongoing disagreement between key industry figures.
Sunrise ARB listing sparks debate over fees and executionThe ARB token, which is native to the Arbitrum blockchain, can now be accessed and traded directly on Solana’s network via the third-party application Sunrise. Solana is promoting this listing by highlighting what it describes as tighter spreads and significantly lower fees for ARB trades compared to Arbitrum. These claims have intensified competition and discussion about transaction costs between rival blockchains.
Steven Goldfeder, CEO of Offchain Labs, which is the technology company behind Arbitrum, has responded to these comparisons by cautioning against drawing conclusions solely from outward fee structures. Goldfeder stressed that calculating true transaction costs should include protections against harmful trading behaviors such as frontrunning and various forms of maximal extractable value (MEV).
Goldfeder emphasized that comparing on-chain trading costs is not straightforward, as factors like protection against hidden execution costs and malicious trading practices can have a significant impact on users, beyond just network and liquidity provider fees.
Anatoly Yakovenko, cofounder of Solana, countered Goldfeder’s position by asserting that Arbitrum generally faces “worse spreads and higher fees” compared to Solana routes. Yakovenko cited figures suggesting a roughly tenfold difference in costs, though he clarified that these numbers represent his own assessment and not a guarantee for every ARB transaction on either network.
Trading costs on decentralized exchanges often include not just the base network fee, but also liquidity provider charges and price slippage. Solana documentation notes both base transaction fees and optional priority fees, which together contribute to the total spent by ARB traders. The absence of a standardized fee schedule makes it important for users to compare actual order execution results across platforms.
Founded in 2020, Solana is a high-speed, proof-of-stake blockchain claiming to offer fast settlement and low fees. Sunrise is an application that facilitates cross-chain asset listings and enables users to interact with tokens from multiple ecosystems within one interface.
Mini dictionary: Maximal extractable value (MEV) refers to the extra profit that can be made by miners or validators when they reorder or include certain transactions within a block, often at the expense of regular users by capturing arbitrage or frontrunning opportunities.
SOL price, volume jump as technical levels take focusThe news of ARB’s arrival via Sunrise comes as SOL, Solana’s native token, trades at $106.02, reflecting a 2.5% increase over a 24-hour period. SOL’s trading volume rose 63.8% in the same timeframe to $3.49 billion, though there is no direct evidence that the ARB listing was the catalyst for these changes in price and volume.
Recent technical analysis places immediate support level for SOL near $105, while overhead resistance has been identified at $107.37. Upside from $106.02 to the resistance would represent just over 1%. However, if the price falls below $104.94, the short-term recovery outlook could weaken.
Solana continues to see heightened activity, but interpreting a surge in trading volume requires caution, as increased turnover may signal greater trading but does not confirm new liquidity entering the $SOL market.
The $3.49 billion figure references SOL token trading activity, not necessarily total turnover for the Solana blockchain or the ARB token specifically. Higher trading volume reflects more frequent buying and selling but does not always indicate net capital inflows.
With immediate support and resistance levels tightly grouped, traders are watching closely for a potential breakout or further decline. Market participants are also waiting to see if ARB trading on Solana will attract sustained interest or impact long-term liquidity for either asset.
LevelValueCurrent SOL price$106.02Support$105.00Resistance$107.37Trading Volume (24h)$3.49 billionKey price risk level$104.94Overall, industry figures remain divided on the best way to measure trading costs, with Solana and Arbitrum advocates each defending their network’s approach. The debate has highlighted the complexity of comparing user experience and cost efficiency across blockchains as multi-chain asset access expands.
Arbitrum (ARB) experienced one of the most remarkable price increases in the cryptocurrency market today. Ranked as the 53rd largest cryptocurrency by market capitalization, ARB rose approximately 49% in the last 24 hours, reaching $0.1972. While the increase exceeded 50% at some points during the day, ARB still remains approximately 92% below its all-time high of $2.40 recorded on January 12, 2024.
A chart with 15-minute candles showing the recent rise in ARB price. One of the main catalysts behind the sharp rise in ARB is the rapid growth of Robinhood Chain, built on Robinhood’s ARB technology. Robinhood Chain, an Ethereum Layer 2 network that launched its mainnet on July 1, 2026, uses the Arbitrum Orbit infrastructure. Under the Arbitrum Expansion Program, ARB-based chains operating outside of Arbitrum One and Nova contribute 10% of their net protocol revenue to the Arbitrum ecosystem. According to Arbitrum Foundation data, in July, the first month of Robinhood Chain’s operation, the $360,000 in licensing revenue generated from this program constituted 35% of Arbitrum DAO’s monthly revenue.
The recent extraordinary acceleration in activity on Robinhood Chain has further increased the importance of this revenue model for Arbitrum. Daily transaction fees on the network surged to millions of dollars in early September, surpassing the Ethereum mainnet and Coinbase’s Base network on some days. Record levels were also seen in Robinhood Chain’s decentralized exchange trading volume, with the network’s 24-hour DEX volume reaching billions of dollars, increasing investor interest in the ARB ecosystem.
One of Robinhood Chain’s prominent use cases is its “Stock Tokens” product. Issued by Robinhood Assets Limited, these tokens track the economic performance of US stocks such as NVIDIA, Apple, and Alphabet. While not providing users with direct legal ownership of company shares, the products are offered in numerous countries outside the US.
The economic model between Arbitrum and Robinhood also sparked a notable debate on social media between the founders of Solana and Arbitrum. Anatoly Yakovenko, co-founder of Solana, argued that Robinhood Chain’s 10% revenue share paid to the Arbitrum ecosystem was enough to cover approximately four times the transaction fees on Solana, suggesting that if Robinhood chose Solana, it could offer users significantly lower, even subsidized, transaction costs.
Steven Goldfeder, co-founder of Offchain Labs and ARB, responded to Yakovenko, stating that Robinhood retains approximately 90% of the gas revenue on the ARB infrastructure, while it does not receive any revenue from basic network transaction fees on Solana. Goldfeder added that by choosing Arbitrum, Robinhood has opted to “become a homeowner instead of a tenant.”
In ARB’s revenue sharing model, 8% of the 10% share is allocated to the Arbitrum DAO treasury, managed by ARB holders, and 2% is dedicated to ecosystem development. Therefore, continued growth in transaction volume and network revenue on Robinhood Chain, while not directly distributed to ARB token holders, is seen as a significant factor strengthening Arbitrum DAO’s revenue and ecosystem economy.
*This is not investment advice.
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Arbitrum co-founder Steven Goldfeder and Solana co-founder Toly have engaged in a debate over on-chain transaction fees, MEV protection, and the single sequencer model. Steven argued that surface-level fees alone should not be compared, noting that Arbitrum One and Robinhood Chain proactively prevent front-running and most malicious MEV, while some chains claiming lower fees carry higher MEV costs—including front-running targeting retail users. He stated he would rather pay clear, upfront fees than incur hidden losses from front-running, sandwich attacks, and other issues just to secure lower fees. Toly countered that Arbitrum currently has worse bid-ask spreads and higher fees. He explained that the 10% cut it takes from fees, when converted to basis points, already exceeds the sandwich attack loss rate—estimated to be roughly 10 times that rate—without even accounting for spread impacts. He emphasized: “A single sequencer that prioritizes maximizing shareholder value will never outcompete permissionless competition.”
Arbitrum (CRYPTO: ARB) continued its strong rally and is nearing its highest level this year, helped by the ongoing Robinhood (NASDAQ:HOOD) Chain momentum. ARB jumped to $0.2051, up by nearly 200% from its lowest point this year, with its market capitalization hitting $1.2 billion.
Robinhood Chain is Gaining MomentumIn a year defined by a broader crypto winter, Robinhood Chain has emerged as one of the industry’s biggest breakout stars. Launched in July, it has become the fastest-growing layer-2 chain in the crypto space, with most of its key metrics surging.
Data compiled by DeFi Llama shows that nearly 200 dApps in decentralized finance (DeFi) have been launched on the chain. These dApps, led by Morpho Blue, Steakhouse Financial, Uniswap, and Lighter, have accumulated over $908 million in total value locked (TVL).
The same growth is happening in the stablecoin industry, where the supply, led by USD Coin (CRYPTO: USDC). Its stablecoin supply has jumped to $964 million, and the surge is continuing. Also, the DEX and Real World Asset (RWA) volume have continued rising this month.
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As a result, Robinhood Chain’s fees have continued rising, reaching over $21 million this month. This is important for Arbitrum because Robinhood Chain is built using its technology. As a result, Arbitrum Foundation is making substantial sums of money since it takes a 10% cut for all transaction fees. It has made over $2.1 million this month after making $710k last month.
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This growth has helped to curb Arbitrum’s weakness, which saw its DEX volume and stablecoin supply drop. Arbitrum’s total value locked dropped to $1.25 billion from $3.7 billion at its highest point last year, while its chain fees fell to just $1.2 million last quarter.
The daily chart shows that the ARB token formed a strong bottom at $0.0708, its lowest level in June, July, and August. That was a sign that bears were hesistant to open trades below that price.
Arbitrum token then rebounded and crossed the important resistance at $0.1497, its highest point on May 9 this year. It has soared above the 50-day moving average, a sign that bulls have prevailed.
The risk, however, is that the token has become overbought, with the Relative Strength Index (RSI) moving to 84. It is also forming a shooting star candlestick, which often leads to a reversal. If this happens, the token may retreat to the key support level of $0.1497.
Ethereum’s wider network is gaining momentum as Layer 2 and DeFi tokens outperform other crypto market segments, coinciding with a significant uptick in on-chain activity.
Layer 2 Scaling Networks Dominate ActivityTrader Daan Crypto pointed to a clear rotation in the market, noting on Sunday that Ethereum, along with Layer 2 networks and DeFi tokens, led major crypto sectors over the previous week. His market analysis, which excluded smaller memecoins, suggested this rotation signals more than just a brief altcoin rally.
Recent blockchain data indicates that Ethereum’s Layer 2 scaling solutions have become dominant, now accounting for 94% of all transactions across the amalgamated Ethereum mainnet and Layer 2 environment.
According to growthepie, Ethereum Layer 2 networks currently handle approximately 29.95 million daily transactions, while the Ethereum mainnet processes just 1.97 million. In terms of computational output, L2s now represent 97% of the system’s total throughput, facilitating about 92.4 million gas units per second compared to just 2.52 million on mainnet.
NetworkDaily TransactionsGas Units/secValue SecuredEthereum Mainnet1.97 million2.52 million$162 billion (Stablecoins)Layer 2s (Total)29.95 million92.4 million$14.51B (Base), $12.47B (Arbitrum), $2.8B (Robinhood Chain)Leading Layer 2 platforms include Base, which secures $14.51 billion or 41% of total L2 value, and Arbitrum with $12.47 billion. Robinhood Chain has drawn particular attention after growing its secured value by more than 150% in 30 days, now reaching $2.8 billion.
The expansion of these networks is reflected in token markets. ARB, the native asset of the Arbitrum network, has surged over 120%, driven in part by increased activity associated with the Robinhood Chain.
Mini dictionary: Robinhood Chain is a relatively new Ethereum Layer 2 network designed to enhance scalability and reduce transaction fees within the Robinhood ecosystem, contributing to increased DeFi activity and token performance.
DeFi Activity Shifting, But Capital Base Remains on MainnetOver the last 30 days, Ethereum Layer 2 networks processed an estimated 337 million decentralized finance transactions. This represents approximately 99% of all Ethereum DeFi transactions, reflecting a near-total migration of activity from the mainnet to L2s.
Uniswap, a leading decentralized exchange, contributed more than 57 million Layer 2 transactions within the period, making it the most-utilized application in Ethereum’s L2 ecosystem by transaction count.
Uniswap emerged as the most heavily used Layer 2 DeFi application, generating more than 57 million transactions in the past month.
Despite this, the majority of capital remains on Ethereum’s mainnet. The main network holds around $162 billion in stablecoins, dwarfing the $12 billion present on Layer 2 networks. Meanwhile, institutional data places the mainnet DeFi total value locked (TVL) close to $49 billion.
ETH is currently trading near $2,500, recovering from $2,390 earlier in the week. Ethereum exchange-traded funds have continued to report net inflows, reinforcing ongoing institutional interest amid a broader return of demand for crypto investment products.
Two-Tiered Ecosystem EmergesThe Ethereum ecosystem is now separated into distinct layers: Layer 2 networks are responsible for processing the vast majority of activity, while the mainnet remains the primary hub for capital allocation and settlement.
Layer 2 platforms fuel record transaction volumes, while Ethereum mainnet retains its role as the asset and liquidity center.
This division may explain why current market strength is spreading from ETH itself to DeFi and Layer 2 tokens, rather than being isolated as a simple upward move in Ether’s price alone.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Offchain Labs co-founder Steven Goldfeder and Solana co-founder Anatoly Yakovenko exchanged competing views on Sept. 6 over why Robinhood built its blockchain using Arbitrum technology instead of operating applications directly on Solana.
Summary
Offchain Labs co-founder Steven Goldfeder said Robinhood retains roughly 90% of net chain revenue generated. Solana co-founder Anatoly Yakovenko argued Robinhood could instead monetize users through application-level fees directly itself. Robinhood Chain routes 10% of net protocol revenue to the broader Arbitrum ecosystem under agreements. Eight percentage points go to Arbitrum DAO, while two support its developer guild funding program. Robinhood Chain recorded $6.04 million daily fees, retaining approximately $5.44 million after costs and sharing. Goldfeder argued that Robinhood can retain roughly 90% of its chain revenue under the Arbitrum Expansion Program. A Solana-based application would pay network fees without receiving the underlying chain’s revenue, he said.
“Robinhood chose Arbitrum so they could be a landlord and not a tenant,” Goldfeder wrote. His comment responded to Yakovenko’s position that Robinhood could subsidize Solana transaction fees while charging users through its own application.
The debate followed a sharp rise in Robinhood Chain activity. The network recently collected $6.04 million in daily transaction fees and retained about $5.44 million after expenses and its Arbitrum revenue-sharing obligation.
I have a ton of respect for @toly but this is a ridiculous take. On Arbitrum, Robinhood keeps 90% of gas fees. On Solana they would retain 0 and any gas fees they subsidized would come out of pocket.
Robinhood chose Arbitrum so they could be a landlord and not a tenant. https://t.co/vWjBtn9PYh
— Steven Goldfeder (@sgoldfed) September 5, 2026 Robinhood keeps 90% of net revenue, not gross fees Goldfeder’s 90% figure reflects the Arbitrum Expansion Program’s share of net protocol revenue. It should not be interpreted as Robinhood automatically retaining 90% of every gross fee paid by users.
Under the program, Robinhood Chain sends 10% of its net protocol revenue to the Arbitrum ecosystem. Eight percentage points go to the Arbitrum DAO treasury, while two percentage points fund the Arbitrum Developer Guild.
Net revenue is calculated after relevant network expenses, including the cost of posting transaction data to Ethereum. Robinhood’s actual retained amount therefore depends on gross transaction fees, Ethereum data costs, infrastructure expenses and the Arbitrum payment.
The arrangement has already produced measurable results. Robinhood Chain collected a record $6.04 million in transaction fees during its latest 24-hour reporting period and retained approximately $5.44 million. The figures show the network keeping about 90% after associated costs and allocations.
The network also generated $20.33 million in revenue over seven days. Maintaining that rate for a full year would produce approximately $1.06 billion, but such annualization is only a projection based on a brief period of unusually high activity.
The latest Robinhood Chain fee record followed rapid growth in memecoin trading, token launches and decentralized exchange volume. GMGN, Pons and Uniswap accounted for much of the application activity.
Yakovenko says applications can collect fees on Solana Yakovenko’s argument focuses on the application layer. Robinhood could deploy its services on Solana, subsidize transaction costs and charge customers through its interface, avoiding the expense of operating a separate Layer 2 network.
This approach could work for transactions initiated through Robinhood’s application. Brokerages can charge commissions, spreads, subscription fees or service fees without controlling the blockchain underneath their products.
Goldfeder countered that this model would not capture value from activity occurring outside Robinhood’s interface. Third-party wallets, trading bots, decentralized exchanges and token launchpads can interact directly with blockchain contracts.
Robinhood would pay to subsidize transactions initiated by its customers on Solana but would receive none of the network fees produced by independent users. Solana validators and stakers would receive those fees instead.
On Robinhood Chain, the company operates the network’s sequencing infrastructure. This allows it to collect transaction fees from activity across the chain, including transactions that bypass Robinhood’s front end.
Recent data supports Goldfeder’s point about outside activity. Memecoin launchpad Pons and trading platform GMGN have become large contributors to Robinhood Chain’s traffic. Many transactions generated by those applications do not originate through Robinhood’s brokerage interface.
The economic distinction is therefore broader than the cost of individual transactions. Yakovenko’s model lets Robinhood monetize its customers at the application level. Goldfeder’s model lets Robinhood capture revenue generated across an entire network.
Robinhood Chain still pays Ethereum and Arbitrum Robinhood does not retain all the value generated by its blockchain. Robinhood Chain is an Ethereum Layer 2 built using Arbitrum Orbit, rather than an independent Layer 1.
The network uses ETH as its native gas token and posts transaction data to Ethereum using blobs, according to Robinhood’s documentation. Each transaction includes an execution component and a data-availability component.
The L2 execution fee covers computation performed on Robinhood Chain. The L1 data fee pays for publishing transaction information to Ethereum. Both components are bundled into the amount presented to users.
Robinhood also pays the Arbitrum ecosystem’s 10% share of net protocol revenue. Consequently, the “landlord” description refers to Robinhood’s control over its own chain and sequencer, not complete independence from outside infrastructure.
As an earlier examination of the revenue-sharing arrangement reported, Robinhood received a branded network, EVM compatibility, existing Ethereum tools and technical support in exchange for part of its net revenue.
Building a new Layer 1 could theoretically allow Robinhood to retain more revenue. It would also require the company to develop and maintain its own execution, consensus, bridging and security infrastructure.
Using Solana would remove the need to operate those components. However, Robinhood would become an application on infrastructure it did not control and would not collect the network’s transaction fees.
Gas subsidies complicate the revenue comparison Robinhood launched its chain with a 90-day gas subsidy for transactions conducted through Robinhood Wallet. The subsidy is scheduled to expire on Sept. 29.
The promotion means eligible wallet users do not directly pay gas during the subsidy period. Robinhood covers those costs. However, the subsidy does not necessarily cover every transaction conducted by independent applications and wallets across the network.
That distinction is central to the founders’ debate. Goldfeder argued that much of Robinhood Chain’s activity now occurs beyond the Robinhood front end. The company can collect fees from those transactions because it operates the underlying chain.
Robinhood Chain’s activity increased rapidly during the subsidy. Its daily decentralized exchange volume recently reached approximately $1.71 billion, while total value locked in native protocols stood near $1.17 billion.
The network has also exceeded Solana in daily chain revenue during some reporting periods. However, direct comparisons require caution because the networks have different cost structures, subsidies, fee markets and validator arrangements.
The Robinhood Chain and Solana comparison identified the subsidy’s expiration as a major test. User activity could fall when customers begin paying gas, or Robinhood could extend or restructure the program.
The fee debate will become clearer after Sept. 29 The first major test arrives when the gas subsidy expires. Post-subsidy data will show how many Robinhood Wallet users continue transacting when they must pay their own network costs.
It will also show whether independent activity from Pons, GMGN, Uniswap and other applications remains strong. These applications have contributed heavily to the network’s recent fee growth.
A detailed onchain investigation by Bitquery found that Robinhood Chain’s gas price increased roughly 25-fold within 11 days. The report attributed much of the additional demand to a limited group of heavily active wallets.
The concentration creates uncertainty over whether current fee revenue is sustainable. A decline in activity from several large addresses could reduce transaction fees even if total user numbers continue rising.
Robinhood has not publicly announced whether it will extend the subsidy beyond Sept. 29. It also has not disclosed how network revenue will appear in its financial reporting.
There was no verified movement in HOOD, SOL, ETH or ARB directly attributable to the founders’ exchange. Linking broader market fluctuations to their comments without additional evidence would be speculative.
The commercial question will remain whether owning a Layer 2 produces more value than deploying an application on an existing Layer 1. Robinhood Chain’s first unsubsidized operating period will provide the clearest evidence.
Maji's total long position stands at $146 million, with a current unrealized profit of $2.56 million.
According to TradingBeats monitoring, the address linked to "Big Brother Ma Ji" currently holds approximately $146 million in BTC and ETH long positions, with a combined unrealized profit of around $2.56 million. The account has a net asset value of roughly $9.139 million and an overall leverage ratio of about 15.95x. Its ETH holdings consist of 25x fully leveraged long positions totaling 39,325 coins, valued at approximately $98.39 million, with an average entry price of $2,444.83, current unrealized profit of around $2.25 million, and a liquidation price of $2,331.21. Its BTC holdings are 40x fully leveraged long positions totaling 593 coins, valued at roughly $47.39 million, with an average entry price of $79,384.2, current unrealized profit of about $310,000, and a liquidation price of $68,731.5.
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
With ARB rising from about $0.08 in late August to almost $0.20 in September, Arbitrum has begun one of its biggest rallies of 2025. The move from the recent base is now well over 120%, and the most recent daily candle alone added nearly 10%.
Inderect revenue sourceRobinhood Chain, which functions as a specialized Arbitrum chain, seems to be the primary catalyst. Recently, Robinhood Chain surpassed $2 million in revenue from 24-hour transactions, and 10% of net protocol revenue is returned to the Arbitrum ecosystem. If the activity continued at that rate, Arbitrum's share would annualize to about $73 million.
ARB/USDT Chart by TradingViewAs a result, ARB's core narrative is now far clearer than it was in the preceding months. In late August, Robinhood Chain's gross revenue reportedly surged from approximately $54,700 on August 22 to over $1.08 million on August 30, and Arbitrum's matching stake increased to $108,000 from about $5,400. Metrics for the broader ecosystem have also improved.
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According to the Arbitrum Foundation, its networks handled 478 million transactions in the first half of 2025, and the average monthly volume of stablecoin transfers surpassed $70 billion. During that time, ArbitrumDAO earned $6.19 million, and in July, Robinhood Chain's first month on the mainnet, Expansion Program license fees accounted for 35% of DAO revenue.
Arbitrum is relevant againThe action has been intensified by speculation. Futures open interest increased dramatically during the first breakout as traders created new long positions. ARB open interest was said to have increased by about 30% since August 31, earlier this week, increasing the leverage in a spot market that is already expanding. However, ARB now appears to be technically stretched.
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The price is close to $0.195 on the provided daily chart after momentarily rising to about $0.206, and the RSI has increased to about 85. That is definitely overbought. As a result, the rally has clear fundamental support, especially from Robinhood Chain, but its rapidity adds significant correction risk.
With the 200-day average close to $0.119, ARB has significantly surpassed its major moving averages. The breakout structure could be maintained by holding the $0.17–$0.18 zone, but losing it might allow for a deeper retracement following the 120% increase.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB Chain, the leading smart contract blockchain platform developed by Binance, has revised its transaction fee policy after years of concentrating on minimizing costs for users and developers.
Pivot in Fee Policy and Sustainable GrowthNina Rong, Growth Director at BNB Chain, stated in a recent presentation that reducing gas fees is no longer the network’s primary objective. Rong emphasized the importance of sustainable business models within blockchain projects, noting that generating consistent revenue through gas fees and revenue-sharing programs is now a priority for the platform’s development and infrastructure upkeep.
Previously, BNB Chain drove efforts to drastically lower transaction costs, managing to decrease fees by up to 0.05 Gwei. This strategy led to a more than 90% reduction in transaction expenses from earlier levels, attracting a surge of users and developers to the platform.
However, Rong highlighted the need for the industry to adopt a different direction, suggesting reliance solely on grants and continual fee reductions may not provide adequate resources for long-term blockchain growth.
Rong described blockchain sustainability as hinging on “a viable business model that supports ongoing infrastructure by generating revenue through transaction fees and strategic revenue sharing.”
Robinhood Chain’s Revenue Sharing Model Sparks DebateRong’s comments come as discussions intensify around transaction fees on the recently launched Robinhood Chain. This blockchain, operated by Robinhood Markets, has faced criticism for transaction fees reaching $0.40 per transfer, prompting debate over the appropriate balance between affordability and sustainability in the sector.
Robinhood Chain has responded by highlighting its income-sharing arrangement with the Arbitrum ecosystem, a prominent Ethereum layer-2 scaling solution. Within this framework, Robinhood Chain splits 10% of its revenue: 8% is allocated to the Arbitrum DAO treasury, while 2% supports ongoing development.
Mini dictionary: Arbitrum DAO, a decentralized autonomous organization supporting the Arbitrum network, decides on funding and governance for ecosystem projects.
BlockchainTransaction FeeRevenue SharingBeneficiariesBNB ChainAs low as 0.05 GweiTransitioning to revenue sharingNetwork development & infrastructureRobinhood ChainUp to $0.4010%: 8% Arbitrum DAO, 2% DevelopmentArbitrum DAO & DevelopersThrough this program, Robinhood Chain links the financial success of its blockchain to the wider Arbitrum ecosystem, creating shared incentives for both governance participants and developers.
Industry Prospects and the Future of Gas FeesIndustry experts see BNB Chain’s strategic shift as a practical response to having already captured much of the user base attracted by low fees. Additional fee reductions may offer diminishing returns, while a focus on sustainability could deliver longer-term benefits to blockchain networks and their communities.
As the sector evolves, competition may intensify around which platforms can sustain their growth and reward stakeholders, rather than simply offering the lowest fees.
Some analysts predict that if this approach gains traction, users could begin to view gas fees not just as a cost, but as a contributor to ecosystem growth and shared network progress.
The move by BNB Chain signals a potential turning point in how transaction fees are perceived across the industry, with revenue sharing emerging as a key consideration for blockchain business models.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Arbitrum (ARB) surged from approximately $0.08 in late August to nearly $0.20 in September, marking one of its largest rallies in 2025. This move represents an increase of more than 120% from its recent low. The latest daily trading session alone saw an almost 10% jump in ARB price.
Robinhood Chain delivers revenue surgeRobinhood Chain, a dedicated Arbitrum-based network created by the trading platform Robinhood, appeared to drive the latest momentum. Over a 24-hour period, Robinhood Chain generated more than $2 million in transaction revenue, and 10% of its net protocol revenue is redirected to the Arbitrum ecosystem. If activity remains consistent, Arbitrum’s share could translate into an estimated annualized income of $73 million.
In late August, Robinhood Chain’s gross revenue sharply increased from about $54,700 on August 22 to more than $1.08 million by August 30. During the same period, Arbitrum’s matching stake grew from roughly $5,400 to $108,000. Key metrics across the Arbitrum ecosystem also showed notable improvement.
Mini dictionary: Robinhood Chain, a blockchain developed as part of Robinhood’s expansion into decentralized finance (DeFi), leverages Arbitrum’s technology to offer users faster and cheaper transactions compared to Ethereum mainnet.
Arbitrum ecosystem demonstrates rapid growthThe Arbitrum Foundation reported that its networks handled 478 million transactions during the first half of 2025. Stablecoin transfers on Arbitrum networks exceeded a monthly average of $70 billion. In the same period, ArbitrumDAO, the project’s decentralized autonomous organization, earned $6.19 million. In July, which marked Robinhood Chain’s first full month on mainnet, license fees from the Expansion Program made up 35% of the DAO’s revenue.
MetricValueTransactions (H1 2025)478 millionMonthly stablecoin transfer volume$70 billionArbitrumDAO earnings (H1 2025)$6.19 millionExpansion Program share (July)35% of DAO revenueMarket sentiment and technical outlookIntense speculative activity has added further energy to the rally. Open interest in ARB futures contracts rose sharply during the initial breakout phase as traders increased their exposure through new long positions. Since August 31, open interest climbed by an estimated 30%, magnifying leverage in an already expanding spot market.
Currently, ARB trades near $0.195 on the daily chart after reaching an intraday peak close to $0.206. The Relative Strength Index (RSI) stands near 85, well above typical overbought thresholds. This overextension in technical indicators suggests the risk of a short-term correction despite strong fundamentals stemming from Robinhood Chain’s performance.
Presently, the rally is fundamentally supported by growth in Robinhood Chain, but the pace of ARB’s rise increases the possibility of a market correction as technical factors indicate overbought conditions.
The 200-day moving average sits near $0.119, highlighting ARB’s significant overperformance relative to its long-term trend. Maintained support at the $0.17–$0.18 range could sustain the breakout structure. However, a breakdown below this zone may trigger a deeper retracement after the notable 120% climb.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Arbitrum co-founder Steven Goldfeder published a post noting that the market has a misunderstanding regarding ARB's supply, often counting tokens held by the DAO as part of locked supply. He explained that the unlock of tokens for ARB investors and team members is nearly complete, with all such tokens set to be fully unlocked by March next year. The portion of tokens yet to be unlocked currently accounts for approximately 7.7% of the total ARB supply. The Arbitrum DAO treasury currently holds 2.84 billion ARB, though these tokens are not traditional locked tokens—they are controlled by circulating token holders, and their transfer requires approval via a vote of other token holders.
The token issued by Pons has accounted for 73.5% of the total trading volume across all of Robinhood’s issuance platforms.
Robinhood’s token launch platform Pons stated in a post that its pace is not slowing. Over the past 24 hours, tokens issued on Pons accounted for 73.5% of the total trading volume across all of Robinhood’s launch platforms. Separately, Dune data shows that among other token launch platforms in the Robinhood ecosystem, noxa.fun holds an approximately 18.2% share, followed by long.xyz and pool.trade.
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9 minutes ago
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
9 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
10 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
10 minutes ago
Altcoins rally broadly, with Layer 2 (L2) and DeFi sectors surging sharply. ARB, RAY, and SUSHI – the direct beneficiaries of the Meme craze – lead the market’s gains.
According to HTX market data, altcoins are rallying broadly amid active trading on Robinhood, BNB Chain, and Solana. The L2, DeFi, and DEX sectors are seeing sharp gains, with L2 led by ARB, followed by OP, STRK, IMX, etc. DeFi and DEX tokens including RAY, ORCA, JUP, UNI, SUSHI, CAKE, CRV, SPK, LISTA, and ENA are all rising, as capital flows back to DeFi projects with real trading use cases and fee mechanisms. On BNB Chain, boosted by BNB breaking above $780, tokens like BOME, 1000CAT, MARSCOIN, and TUT are also climbing. Meanwhile, today’s Altcoin Season Index has risen to 40, meaning roughly 40 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days, and total altcoin market cap has hit $1.10 trillion. Top gainers: ARB up over 51% in 24 hours, trading at $0.1997. Robinhood Chain, an Ethereum L2 built on Arbitrum Orbit, allocates 10% of its net protocol revenue to the Arbitrum ecosystem—8% to the DAO treasury and 2% to development funds. RAY up over 42% in 24 hours, trading at $1.177. Solana-based token launch platform StonkFun announced it has integrated with Raydium LaunchLab. Going forward, all new StonkFun token deployments will launch via LaunchLab to cut costs, reduce front-running risks, and enable auto-compounding liquidity post-binding. SUSHI up over 24% in 24 hours, trading at $0.2385. SushiSwap has integrated its DEX and launchpad into Robinhood Chain, allowing new tokens to pair with tokenized stocks and launch with an existing Sushi V3 pool. SushiSwap Launch V2 is set to launch around September 4, with SUSHI serving as the launchpad’s quote asset. Other notable 24-hour gains: BOME, IOST, 1000CAT up over 20%; COTI, TUT, CAKE, SPK, UNI, STRK, MET, ORCA up over 10%; CRV, ENA, IMX, JUP, LISTA also posting solid increases.
10 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
10 minutes ago
Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
10 minutes ago
Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?
Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB Chain’s Executive Director of Growth Nina Rong stated that regarding the debate between Arbitrum founder Steven Goldfeder and Solana co-founder Toly over Robinhood Chain’s fee model, she wants to underscore one key point: further reducing gas fees is no longer the top priority for the blockchain industry. The real priority for all public chains today is to develop a sustainable business model and reinvest proceeds into technology and growth. This model could take the form of gas fees, revenue sharing, or other commercial partnerships. Over the past five years, blockchain foundations have largely been associated with two core activities: issuing grants and making investments, as well as cutting gas fees. To sustain the industry for another five years, blockchain companies must have robust business structures.
WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.
According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB
5 minutes ago
OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies
From Beating AI Express News: OpenAI has appointed three new state-level policy heads, with Jessica Schumer drawing the most attention. She is the daughter of US Senate Minority Leader Chuck Schumer, previously served as chief of staff at the Obama administration’s Council of Economic Advisers, and later led Amazon’s public policy work in New York. At OpenAI, she will oversee policy and partnerships in the US Northeast. Another new hire, Caulder Harvill-Childs, previously worked in public policy at Meta and also served Republican Georgia House Speaker Jon Burns; he will now be responsible for the US Southeast. Thomas MacLellan will handle state-level cybersecurity policy, with prior experience at firms including Palo Alto Networks, Symantec, and FireEye. OpenAI is shifting more focus to US states, a strategy it terms "reverse federalism": instead of waiting for Congress to enact uniform legislation, it is pushing major states like California and New York to adopt similar AI rules, eventually forming de facto national standards. OpenAI publicly noted that California, New York, and Illinois have already started aligning on frontier AI safety rules.
5 minutes ago
StonkFun completes a $1 million buyback of STONK tokens; its platform token STONK surpasses $100 million in market cap today.
Solana-based token launch platform StonkFun announced it has completed a $1 million STONK token buyback, while over $7.5 million in rewards have been distributed to holders in the StonkFun ecosystem. StonkFun also announced it has launched on Raydium LaunchLab. Going forward, all new StonkFun token deployments will be initiated via LaunchLab to lower deployment costs, reduce sniper risks, and enable automatic liquidity compounding after binding is completed. According to GMGN market data, StonkFun’s platform token STONK surpassed $100 million in market cap today, currently trading at $92 million, with a 256% 24-hour gain and $30.4 million in trading volume over the same period. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.
5 minutes ago
Word has it that the first checkpoint of Google's new Pro model has emerged, with a possible public release in October.
Beating AI Express News: Leaker Lyra claims Google’s next Pro model already has its first checkpoint (a saved model state version from training) and is set to be unveiled in October. Lyra also predicts a new Flash-Lite launch in September, alongside an update to Nano Banana 2 Lite. The final name for the new Pro model remains unconfirmed; some community members speculate it could be Gemini 4 Pro, while others believe it may be another Pro variant.
5 minutes ago
Leading DeFi researcher questions Ethereum’s Layer 2 strategy: Robinhood’s revenue has surged, yet Layer 1 settlement layer revenue remains low—Is this a problem?
Renowned DeFi researcher Ignas points out that Robinhood’s Layer 2 (L2) network paid just around $722 to its underlying base layer yesterday, while Robinhood itself posted a record $6 million in fee revenue that same day—roughly 10% of which went to Arbitrum, with nearly negligible amounts reaching Ethereum’s Layer 1 (L1). Against this backdrop, Ignas questions: Is this structure, where platforms rake in massive profits while the settlement layer gets almost nothing, actually a problem for Ethereum? Ethereum may currently be using low fees to onboard TradFi players into its ecosystem, planning to raise revenue shares once user migration costs become sufficiently high. If Ethereum’s official roadmap does include a strategy of first attracting a large number of L2s, then monetizing on L1 after switching costs rise, this could be positive for ETH—but such an approach is not visible in Ethereum’s current roadmap.
5 minutes ago
Base-based meme coin Basecat hits a market cap of $83 million, reaching an all-time high.
According to GMGN market data, the meme coin Basecat on the Base blockchain hit a market cap of $83 million, an all-time high. It rose around 38% in 24 hours, with trading volume of $7.6 million over the same period. Coinbase previously launched spot trading for BASECAT. Basecat is a well-recognized cat-themed meme in the Base ecosystem, and has regained capital attention as sentiment around multi-chain memes warms. BlockBeats reminds users: Most meme coins have no practical use cases and are highly volatile. Please protect your assets and avoid FOMO.
Crypto investor Machi Big Brother has pulled his $1 million bid for Friend.tech and named venture firm Paradigm as the likely obstacle.
Instead, he urged co-founder Racer to relaunch the Web3 social app on Robinhood Chain. The reversal comes nine days after his original offer, sending FRIEND up more than 1,500%.
FRIEND Token Price Chart. Source: CoinGeckoMachi Big Brother Friend.tech Bid Collapses After 9 DaysMachi Big Brother, whose real name is Jeffrey Huang, opened the bid on Aug. 27. His $1 million buyout offer asked only for the project’s X account and web address.
Friend.tech launched on Base in 2023, allowing users to trade shares with each other. Paradigm led a seed round into the startup that same year.
However, Huang offered no evidence and framed the claim as a guess. He also has a history here. He bought 11 million FRIEND for roughly 5,200 ETH, and the position later shed over $16 million.
The original team gave up control of the smart contracts in September 2024. Therefore, it remains unclear what a buyer would own.
The FRIEND token price now sits near $0.0069, up roughly 5% in the past 24 hours. Its market value of about $659,000 trails the $4.89 million peak from the August rally. Over 90 days, however, the token still holds a 382% gain.
Robinhood Chain Emerges as Racer’s Next OptionHuang closed his post with a pivot. He told Racer to rebuild the app on Robinhood Chain and promised his backing.
I’m guessing my offer is being blocked by Paradigm. I rescind my offer. Racer relaunch Friendtech on Robinhood chain, I will support.
— Machi Big Brother (@machibigbrother) September 5, 2026 Robinhood Chain went live on July 1 as an Arbitrum-based layer-2 network. Since then, it has surpassed Ethereum in volume on decentralized exchanges and absorbed heavy meme-coin flows.
Meanwhile, that mix worries some analysts. Jon Ma of Artemis warned that the meme coin boom risk could undercut Robinhood’s tokenized-stock ambitions.
FRIEND held its 24-hour gain despite the withdrawal. Racer had not responded publicly by Saturday afternoon, and his answer will decide whether Friend.tech returns.
Surging trading on Robinhood Chain pushes ARB and SUSHI to the top of altcoin rankings, with both tokens rising over 40%.
According to HTX market data, ARB leads the altcoin gainers, surging 48.8% in a single day to trade at $0.197. ARB’s rally is primarily driven by the boom in on-chain activity on Robinhood. Built on the Arbitrum tech stack, Robinhood Chain’s 24-hour DEX trading volume exceeded $1.89 billion last night, surpassing Solana and BNB Chain to top the public chain rankings for the first time. Per their partnership licensing agreement, Robinhood Chain is required to return 10% of the protocol’s net revenue to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO treasury, and 2% to the Arbitrum Developer Guild. SUSHI rose over 40% in 24 hours, breaking through $0.267, with its rally also fueled by the booming on-chain activity on Robinhood. SushiSwap has integrated its DEX and launchpad onto Robinhood Chain. Sushi Launch launched at the end of July, allowing new tokens to pair with tokenized stocks and gain immediate access to Sushi V3 pools upon listing. Around September 4, SushiSwap Launch V2 went live, enabling the SUSHI token to act as the quote asset on the launchpad.
10 minutes ago
The crypto market has seen a minor rebound, with Bitcoin breaking through $80,000, Ethereum surpassing $2,500, and BNB rallying sharply to cross $780.
According to HTX market data, the crypto market saw a minor rebound on Sunday, pushing total crypto market capitalization to $2.781 trillion. Bitcoin broke above $80,000, while Ethereum crossed $2,500. Driven by robust trading activity in the BNB Chain ecosystem, BNB surged past $780 and is now trading at $764. SOL is priced at $104, HYPE at $85.8, and ZEC performed strongly, rising over 5% to hit $1,070. Leading altcoin gainers include ARB, which topped the list with a 48.8% single-day rally to trade at $0.197; SUSHI, up over 40% in 24 hours to break $0.267; and several BNB Chain ecosystem tokens such as MARSCOIN, 1000CAT, TUT, and CAKE, which also ranked among the top gainers amid the ecosystem’s hot trading activity.
10 minutes ago
Trader Loracle added to short positions on PONS, incurring an unrealized loss of roughly $6.94 million, with total losses from major short positions amounting to approximately $28.7 million.
According to TradingBeats’ monitoring, as PONS hits new highs approaching a $1 billion market capitalization, trader Loracle has been steadily adding to his short positions on PONS. Currently, he holds $23.11 million worth of short contracts on PONS, with an average entry price of $0.65, liquidation price of $1.82, and an unrealized loss of roughly $6.94 million. Loracle’s total unrealized loss across all short positions has climbed to around $28.7 million. His other major short positions include: $40.31 million short on HYPE, entry price of $53.97, unrealized loss of $15.02 million; $26.96 million short on SNDK, entry price of $1475.09, unrealized loss of $4.43 million; $19.64 million short on NVDA, entry price of $225.70, unrealized loss of $450,000; $10.65 million short on MU, entry price of $870.69, unrealized loss of $1.54 million; and $5.52 million short on CASHCAT, entry price of $0.23, unrealized loss of $310,000. On-chain perpetual contract and address analysis tool TradingBeats is now live, enabling real-time access to Hyperliquid data—from tracing whale operations to in-depth analysis, all at a glance.
10 minutes ago
Middle East Situation Tracker: U.S. and Iran launch reciprocal attacks on each other’s oil tankers, shipping in the Strait of Hormuz hit again, U.S. assessments suggest the conflict could drag on until November’s midterm elections.
Conflict persists across multiple Middle East regions, with the U.S. military and Iran’s Revolutionary Guard Corps (IRGC) claiming to have sunk each other’s oil tankers. U.S. Central Command (CENTCOM) confirmed it sank three IRGC oil tankers, while Iran said it struck three U.S.-linked vessels and three oil tankers. Shipping in the Strait of Hormuz has been disrupted. The UK’s Maritime Trade Operations (UKMTO) reported multiple merchant vessels in the Gulf were hit by “crippling fire”. An Iranian official added that vessels in the strait were “punished” daily last month. Conflict updates: CENTCOM says U.S. forces sank three IRGC oil tankers; the IRGC claims it struck three U.S.-linked vessels and three oil tankers. With the U.S.-Iran conflict entering its sixth month, U.S. intelligence agencies believe Iran has “gained confidence” and may seek to prolong the fighting at least until the November midterm elections. Iran’s military warned that if the U.S. continues its “destructive actions”, it will launch larger-scale strikes on U.S. forces. Iran denied that its Isfahan nuclear facility was attacked. Iranian media outlet Fars News reported explosions near Iran’s Kharg Island, with the specific cause unclear. Iran’s SNN news agency said an Iranian oil tanker near Kharg Island was hit by a missile, and no casualties have been reported so far. The Israeli military said it struck Hezbollah personnel and facilities in southern Lebanon. Sources said the Iranian tanker that was attacked was empty, and its engine room was targeted. Iraq’s Oil Minister announced that Iraq has increased its oil export capacity to over 3 million barrels per day. Qatar’s Prime Minister held talks with Lebanon’s Prime Minister on de-escalating regional tensions and maritime security issues.
10 minutes ago
Ethereum crosses $2,500, with a 1.83% gain over the past 24 hours.
According to HTX market data, Ethereum has surged past $2,500, posting a 1.83% gain in the past 24 hours.
10 minutes ago
Bonk Guy’s PONS holdings deliver over 150x returns, pushing his portfolio past $27 million to a new all-time high.
Trader Bonk Guy’s portfolio has hit a new all-time high of $27 million, with $20.83 million in gains over the past 30 days, making him the first trader on the Fomo platform to reach a $27 million portfolio. Bonk Guy is also the platform’s all-time top trader, posting $5.34 million in unrealized gains in the last 24 hours and $17.14 million in unrealized gains over the past seven days. The trader has previously emphasized that none of his trades or successes are his own doing, crediting all to God. Tokens PONS, USELESS, and MARSCOIN have contributed the majority of his unrealized gains. Bonk Guy initially purchased 10.9 million PONS tokens for $67,700; the holding is now worth over $10.27 million, delivering a 150x return on investment.
According to HTX market data, ARB leads the altcoin gainers, surging 48.8% in a single day to trade at $0.197. ARB’s rally is primarily driven by the boom in on-chain activity on Robinhood. Built on the Arbitrum tech stack, Robinhood Chain’s 24-hour DEX trading volume exceeded $1.89 billion last night, surpassing Solana and BNB Chain to top the public chain rankings for the first time. Per their partnership licensing agreement, Robinhood Chain is required to return 10% of the protocol’s net revenue to the Arbitrum ecosystem: 8% goes to the Arbitrum DAO treasury, and 2% to the Arbitrum Developer Guild. SUSHI rose over 40% in 24 hours, breaking through $0.267, with its rally also fueled by the booming on-chain activity on Robinhood. SushiSwap has integrated its DEX and launchpad onto Robinhood Chain. Sushi Launch launched at the end of July, allowing new tokens to pair with tokenized stocks and gain immediate access to Sushi V3 pools upon listing. Around September 4, SushiSwap Launch V2 went live, enabling the SUSHI token to act as the quote asset on the launchpad.
Arbitrum (ARB) price has climbed 90% from the record low it set in June. The rally accelerated after Robinhood Chain fees reached an all-time high of $4.45 million on Sept. 2.
ARB trades near $0.1316 after a 50% weekly gain, according to BeInCrypto data. Meanwhile, the network that settles those Robinhood Chain transactions earned almost nothing over the same period.
Robinhood Chain Fees Hit a Record $4.45 MillionBetween August 31 and September 1, Robinhood Chain generated over $10 million in fees, with a 109% increase across sessions.
Robinhood Chain Daily Fees. Source: DefiLlamaThrough most of August, daily fees stayed below $400,000. The current pace therefore sits more than 10 times above the previous peak.
Robinhood launched the network on Arbitrum in July, and Uniswap routes the majority of its trading volume.
Under the Arbitrum Expansion Program, Orbit chains return 8% of revenue to ArbitrumDAO and 2% to a developer guild. Applying that 8% share suggests roughly $320,000 reached the DAO on Sept. 2 alone.
Arbitrum One Earns in a Day What Robinhood Chain Makes in MinutesThe contrast with Arbitrum One is stark. The network processed 1.94 million transactions over 24 hours, yet collected just 5.8 ether (ETH) in fees, worth roughly $14,000.
Arbitrum One network stats show 1.94 million daily transactions and 5.8 ETH in fees. Source: BlockscoutRobinhood Chain therefore out-earned Arbitrum One by about 320 times on Sept. 2.
Put differently, the younger network matches Arbitrum One’s entire daily fee income in under five minutes.
Average transaction costs have fallen to $0.007, and Blockscout showed no pending transactions. Block times of 0.242 seconds leave ample spare capacity for further Orbit chains.
Capital has not followed the activity, however. Total value locked (TVL) sits near $1.37 billion, roughly two-thirds below its October 2025 peak above $4 billion.
Arbitrum’s total value locked is near $1.37 billion, well below its October 2025 peak. Source: DefiLlamaThe Foundation reported $6.19 million in total income for the first half of 2026, alongside 97% gross margins. At its Sept. 2 pace, Robinhood Chain would match that figure in about 19 days.
Arbitrum Price Analysis Points to $0.1495Arbitrum remains in a bullish structure, but momentum is cooling after the sharp rally. ARB is trading around $0.132, after pulling back from the recent high near $0.145.
The first major resistance is around $0.140–$0.145. A clean break above that area could open the way toward $0.150.
On the downside, the nearest support sits around $0.125–$0.127, close to the 20-period EMA. If that level fails, the stronger support zone is around $0.110–$0.114, where the 50-period EMA and previous breakout area meet.
The broader trend still looks healthy. The shorter moving averages remain above the longer ones, while RSI has cooled to around 62 after previously entering overbought territory. That gives ARB some room to move higher again.
For now, the chart looks more like consolidation after a strong breakout than a trend reversal.
Arbitrum Price Chart. Source: TradingViewTwo September dates could still test the rally. Roughly 92.6 million ARB unlock on Sept. 16, and Robinhood’s 90-day gas subsidy expires later that month.
Whether the fee growth outlasts that subsidy will decide if the Arbitrum price holds its gains or retraces toward $0.1193.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
OpenAI: Calls for expanding the disclosure scope of alignment misalignment incidents.
Beating AI News Flash: OpenAI stated that prior to the Hugging Face incident, it had observed early signs of AI agents using the internet in unanticipated ways. As model capabilities enter a new phase, our approach to disclosing alignment failures also needs to be further expanded. Currently, neither OpenAI nor the broader AI community has established clear standards for reporting alignment failures that occur during model training, evaluation, and deployment. This includes cases that do not fall under traditional security incidents, but which could provide critical insights into AI behavior and its future risks. We are developing a relevant framework and plan to release it in the coming weeks. Meanwhile, we are collaborating with dozens of government regulators worldwide on these issues.
14 minutes ago
A dormant address inactive for three months withdrew $1.1 million in crypto, dubbed "Binance Life", and is suspected of betting on the future performance of BSC-based meme coins.
According to monitoring by Ai Yi, address 0x220…3C9ba suddenly reactivated after lying dormant for three months, withdrawing 2.146 million "Binance Life" tokens from Binance two hours ago. The withdrawal accounts for 0.21% of the token’s total supply, valued at approximately $1.108 million, with an average price of around $0.5168. The address’s large position build is likely related to market bets on the future performance of BSC Meme tokens.
14 minutes ago
Robinhood Chain's daily fee revenue hits a new high of $6 million, while its 7-day annualized revenue climbs to $1.1 billion.
Robinhood Chain’s daily fee revenue has hit a new all-time high of $6 million, defying earlier market expectations that it would struggle to surpass $4.6 million in daily fees. Driven by the recent steady rise in revenue, the chain’s past seven-day annualized revenue now stands at approximately $1.1 billion. Its early activity is primarily fueled by memecoin trading and token issuance activities from platforms including GMGN and Pons.
14 minutes ago
Iranian media: An Iranian oil tanker near Kharg Island was hit by a missile.
According to Iran's SNN news agency, an Iranian oil tanker near Kharg Island was struck in a missile attack, with no casualties reported so far. Earlier, another Iranian media outlet Fars News reported that an explosion was heard near Kharg Island, though no smoke or flames were observed in the Gulf, and the exact cause of the blast remains unclear. Kharg Island is critical to Iran's oil industry, accounting for 90% of the country's crude oil exports. Former U.S. President Donald Trump previously threatened to seize the territory.
14 minutes ago
Yesterday, the Uniswap protocol burned 178,000 UNI tokens, with Robinhood Chain alone accounting for 144,000 UNI of the total burn volume.
According to DUNE data, Uniswap’s official burn mechanism destroyed a total of 178,000 UNI tokens yesterday, worth over $1.11 million. Of this amount, Robinhood Chain contributed a single-day burn volume of 144,000 UNI, accounting for more than 80%—far exceeding other chains like Ethereum and Base, and fully highlighting the current booming state of the Robinhood Chain ecosystem. As previously reported by BlockBeats, on July 15, Uniswap launched a governance proposal to extend protocol fee collection and the UNI burn mechanism to Robinhood Chain, covering versions v2, v3, and v4. Per the proposal, protocol fees generated on Robinhood Chain will be deposited into the chain’s TokenJar contract; Searchers can convert these fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.
14 minutes ago
Crypto token 'Niu Lai' regains $100 million market cap, surging over 16% in 24 hours.
According to GMGN market data, the token "牛来" has returned to the $100 million market cap threshold, with its current market cap standing at $99.11 million, up over 16% in 24 hours, and 24-hour trading volume reaching $24.7 million.
OpenAI: Calls for expanding the disclosure scope of alignment misalignment incidents.
Beating AI News Flash: OpenAI stated that prior to the Hugging Face incident, it had observed early signs of AI agents using the internet in unanticipated ways. As model capabilities enter a new phase, our approach to disclosing alignment failures also needs to be further expanded. Currently, neither OpenAI nor the broader AI community has established clear standards for reporting alignment failures that occur during model training, evaluation, and deployment. This includes cases that do not fall under traditional security incidents, but which could provide critical insights into AI behavior and its future risks. We are developing a relevant framework and plan to release it in the coming weeks. Meanwhile, we are collaborating with dozens of government regulators worldwide on these issues.
14 minutes ago
A dormant address inactive for three months withdrew $1.1 million in crypto, dubbed "Binance Life", and is suspected of betting on the future performance of BSC-based meme coins.
According to monitoring by Ai Yi, address 0x220…3C9ba suddenly reactivated after lying dormant for three months, withdrawing 2.146 million "Binance Life" tokens from Binance two hours ago. The withdrawal accounts for 0.21% of the token’s total supply, valued at approximately $1.108 million, with an average price of around $0.5168. The address’s large position build is likely related to market bets on the future performance of BSC Meme tokens.
14 minutes ago
Robinhood Chain's daily fee revenue hits a new high of $6 million, while its 7-day annualized revenue climbs to $1.1 billion.
Robinhood Chain’s daily fee revenue has hit a new all-time high of $6 million, defying earlier market expectations that it would struggle to surpass $4.6 million in daily fees. Driven by the recent steady rise in revenue, the chain’s past seven-day annualized revenue now stands at approximately $1.1 billion. Its early activity is primarily fueled by memecoin trading and token issuance activities from platforms including GMGN and Pons.
14 minutes ago
Iranian media: An Iranian oil tanker near Kharg Island was hit by a missile.
According to Iran's SNN news agency, an Iranian oil tanker near Kharg Island was struck in a missile attack, with no casualties reported so far. Earlier, another Iranian media outlet Fars News reported that an explosion was heard near Kharg Island, though no smoke or flames were observed in the Gulf, and the exact cause of the blast remains unclear. Kharg Island is critical to Iran's oil industry, accounting for 90% of the country's crude oil exports. Former U.S. President Donald Trump previously threatened to seize the territory.
14 minutes ago
Yesterday, the Uniswap protocol burned 178,000 UNI tokens, with Robinhood Chain alone accounting for 144,000 UNI of the total burn volume.
According to DUNE data, Uniswap’s official burn mechanism destroyed a total of 178,000 UNI tokens yesterday, worth over $1.11 million. Of this amount, Robinhood Chain contributed a single-day burn volume of 144,000 UNI, accounting for more than 80%—far exceeding other chains like Ethereum and Base, and fully highlighting the current booming state of the Robinhood Chain ecosystem. As previously reported by BlockBeats, on July 15, Uniswap launched a governance proposal to extend protocol fee collection and the UNI burn mechanism to Robinhood Chain, covering versions v2, v3, and v4. Per the proposal, protocol fees generated on Robinhood Chain will be deposited into the chain’s TokenJar contract; Searchers can convert these fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.
14 minutes ago
Crypto token 'Niu Lai' regains $100 million market cap, surging over 16% in 24 hours.
According to GMGN market data, the token "牛来" has returned to the $100 million market cap threshold, with its current market cap standing at $99.11 million, up over 16% in 24 hours, and 24-hour trading volume reaching $24.7 million.
Arbitrum (ARB) is showing signs of a potential turnaround following a sustained period of price declines, bolstered by improving technical momentum and developments within its ecosystem. Despite these optimistic indicators, a notable decrease in market activity underscores the need for caution among traders.
Mixed technical signals and trading activityAt the time of reporting, ARB trades at $0.1316, reflecting a daily drop of 6.39%, with a 24-hour trading volume of $388.04 million. Its market capitalization currently stands at $879.25 million.
Cryptocurrency analyst Michael van de Poppe has commented that ARB’s weekly chart demonstrates early signs of renewed momentum after a prolonged downturn. Based on technical analysis, several market observers anticipate that ARB could target an initial price of $0.60. A further breakout, supported by improved market conditions, could potentially lift prices toward the $1.20 range.
While optimism is visible on higher timeframes, analysts caution that sudden corrections are possible, even during recovery phases. Short-term volatility may lead to significant price swings, prompting many traders to consider accumulating the asset during notable pullbacks rather than buying aggressively during rallies.
ARB is displaying a powerful trend reversal after dropping to $0.0750 earlier this summer, with price action rebounding strongly into September and peaking at $0.1463. The token currently holds above previous consolidation levels, maintaining a bullish structure despite a 6.60% pullback.
Analysis of key technical indicators reveals a relatively strong buying sentiment. The Relative Strength Index (RSI 14) sits at 72.30, signaling overbought conditions that may call for a near-term cool-down. Meanwhile, the MACD indicator continues to display bullish momentum, with an increasing MACD line and positive bars.
However, market participation appears to be declining. Data from Coinglass indicate that Arbitrum’s trading volume has dropped by 38.56% to $642.70 million, while open interest fell 14.28% to $188.60 million. This reduction signals that many market participants are choosing to remain cautious.
MetricCurrent ValueChange24h Trading Volume$388.04 million-38.56%Market Cap$879.25 million-6.39%Open Interest$188.60 million-14.28%Mini dictionary: Coinglass, an analytics platform focused on derivatives and exchange data for cryptocurrencies, provides open interest and trading volume metrics to help assess market participation and sentiment.
Arbitrum Foundation reports robust ecosystem growthThe Arbitrum Foundation, an entity focused on advancing the Arbitrum ecosystem, has underlined ongoing expansion in its recently published First Half 2026 Report. It detailed several significant partnerships secured over the past six months, including collaborations with Robinhood Chain, LG, MasterCard, Cash App, Venmo, Ramp, and PayPal.
These developments underscore Arbitrum’s increasing integration within the programmable finance landscape, as notable companies seek to utilize its scaling technology for faster, more affordable transactions.
For the first half of 2026, the Arbitrum Platform generated $6.19 million in revenue, drawn from fees, Timeboost, AEP fees, and treasury management streams. The foundation has also prioritized engagement with developers through open houses and mentorship programs, aiming to foster long-term, sustainable growth.
Looking ahead, the foundation revealed further plans for collaboration and ecosystem support in the second half of the year, with continued emphasis on sustainable expansion and increased product offerings.
ARB outlook and price targetsAnalysts note that the continued pace of buyer support and the ability to hold crucial technical levels will likely determine ARB’s short- to mid-term trajectory. Should current positive trends persist, the token could revisit resistance near $0.60. With additional buying pressure and a stable broader market, the $1.20 threshold remains a longer-term possibility.
Conversely, the ARB price has so far trended downward, also reflecting the broader market’s sensitivity to Bitcoin’s recent pullback from its local high near $81,000.
Trump says Iran conflict 'not a major issue for the US': Current situation is not a state of war.
US President Donald Trump said on local time September 4 that the more than six-month US-Iran conflict is "small potatoes" for the US, adding that it is more appropriate to define it as a "military conflict" rather than a war. Trump noted that the US is currently only conducting "intermittent strikes" with no sustained fighting between the two sides, and he expressed understanding for Vice President JD Vance’s earlier remark that "it should not be called a war". Trump also stated that the conflict has killed 18 US service members, but its scale is "not large" compared to conflicts like the Vietnam War that claimed tens of thousands of US troops, while emphasizing that "losing even one person is too many". Trump further claimed that the US has achieved "significant results" on the Iran issue, with its core goal being to prevent Iran from acquiring nuclear weapons. According to reports, the conflict has driven up energy prices and brought domestic political pressure to the Trump administration. US public approval of Trump’s handling of the Iran conflict is low, and the Republican Party faces pressure to retain its congressional majority in the November midterm elections.
3 minutes ago
A $70 million Bitcoin movie has entered post-production, with its plot suspected to portray Craig Wright as Satoshi Nakamoto.
The film *Bitcoin*, directed by Doug Liman and starring Gal Gadot, Casey Affleck, Pete Davidson, Isla Fisher, and others, has a budget of approximately $70 million and is currently in post-production. Reportedly centered on Bitcoin’s origins and the identity of Satoshi Nakamoto, the movie leans toward portraying Craig Wright—who claims to be Bitcoin’s inventor—as Satoshi Nakamoto, a premise that has sparked controversy in the crypto community. Content creator Terence Michael noted that the film may push the narrative that "Craig Wright is Satoshi Nakamoto" to mainstream audiences, further intensifying the debate over Satoshi Nakamoto’s true identity. Earlier, a UK court ruled that Craig Wright is not Satoshi Nakamoto, and the related controversy had cooled down for a time. The film is written by Nick Schenk, produced by Ryan Kavanaugh and Lawrence Grey, with Wright supporter Calvin Ayre also involved; no major US distributor has been confirmed for the project yet.
3 minutes ago
A mysterious crypto whale has bought another 343,000 HYPE tokens, bringing its total holdings to 3.24 million HYPE, all of which are staked.
According to Lookonchain’s monitoring, the mysterious whale address 0x6436 has purchased an additional 343,000 HYPE tokens, valued at approximately $29.09 million. As of now, the address has accumulated a total of around 3.24 million HYPE tokens, with a total value of roughly $252 million, and has staked all of its HYPE holdings.
3 minutes ago
The "stock market version of Pokémon GO" meme coin GRASS briefly surged past $13.6 million in market capitalization this morning, hitting a new all-time high.
According to GMGN market data, the Robinhood ecosystem meme coin GRASS briefly surged past $13.6 million in market cap early this morning, hitting an all-time high, and has since pulled back to $8.3 million. It has recorded a 111% 24-hour price increase and a $8.7 million 24-hour trading volume. GRASS combines the internet meme "Touch Grass" with the gameplay of a stock-themed Pokémon GO. The project is officially positioned as a game, where tokenized fractional shares of real stocks (including AAPL, NVDA, TSLA, GME, etc., on Robinhood Chain) "spawn" at the physical locations of their respective companies—such as Apple Stores, GameStop outlets, Tesla showrooms, etc. Users can claim these tokenized stock fractions to their wallets by tapping on them when nearby. BlockBeats reminds users that most meme coins lack practical use cases and are highly volatile; please protect your assets and avoid FOMO.
3 minutes ago
Bitcoin is once again exhibiting characteristics of an "amplified version of gold", though the four-year cycle theory warns that the market still faces downside risks ahead.
Bitcoin has recently re-emerged as a safe-haven asset, hitting a four-month high of $82,262 this week before pulling back to around $79,800. André Dragosch, head of European research at Bitwise, said that amid rising macroeconomic uncertainty and currency devaluation risks, investors are increasingly viewing Bitcoin less as a high-risk tech asset and more as a store of value. Dragosch noted that Bitcoin’s 90-day price correlation with gold is near its highest level in six years. He argued that as macro forces strengthen and currency devaluation risks rise, investors are blurring the lines between Bitcoin and gold, with the cryptocurrency recently acting as an “amplified version of gold”. However, the four-year cycle theory remains a headwind for Bitcoin’s outlook. The theory links Bitcoin’s bull-bear cycles to its halving events. Fidelity projects that if historical cycle patterns hold, Bitcoin’s next bear market bottom could land around November 2026. Alex Thorn, head of research at Galaxy, previously estimated that the baseline scenario for this correction would bottom in the $40,000 to $46,000 range. Chris Kuiper, vice president of research at Fidelity Digital Assets, argued that the four-year cycle is not an exact timing rule, meaning it does not guarantee Bitcoin will decline later this year, and a long-term perspective and holding period have historically been more beneficial for investors.
3 minutes ago
Circle Details cirBTC Reserve Mechanism, Emphasizing 1:1 BTC Backing, Segregated Custody and On-Chain Reserve Verification
Circle recently released details on the reserve mechanism for its wrapped Bitcoin product cirBTC, emphasizing that cirBTC is backed 1:1 by native BTC, with segregated asset custody and an on-chain verifiable reserve model. According to Circle, cirBTC is now live on Ethereum; it will offer native support after the Arc mainnet launches, and plans to gradually expand to more blockchains. Each cirBTC is 1:1 backed by one native BTC and can be redeemed for native BTC at a 1:1 ratio. For reserve management, the relevant BTC is held by a Circle affiliate and custodied by Circle National Trust, which is regulated by the U.S. Office of the Comptroller of the Currency (OCC). Reserve assets are segregated from Circle’s corporate assets and used exclusively to protect cirBTC holders’ rights and interests. Furthermore, Circle enables on-chain reserve verification via public BTC reserve addresses and the Chainlink Proof of Reserve mechanism. Market participants can monitor the size of reserve BTC and compare it with cirBTC circulating supply on each supported chain to confirm that cirBTC circulation does not exceed the underlying BTC reserve. Circle noted that this model is designed to provide institutions with a more transparent wrapped BTC reserve standard, and to support BTC as collateral for on-chain smart contract use cases including lending, trading, and settlement.
Robinhood Chain, BNB Chain, and Solana handled most tokenized stock trading last week, Grayscale said in a research note published Thursday. Weekly spot volume for the sector peaked near $3 billion in early August.
Those numbers show tokenized equities have found buyers. Almost none of that money, however, does anything else on-chain once a trade settles.
Grayscale Names Robinhood Chain, BNB and Solana as Tokenized Stock WinnersTokenized Stock Trading Runs Ahead of Onchain UtilityTokenized stocks are blockchain tokens that track a listed share price without handing the buyer the share itself. Trading them is easy. Doing anything else with them is not.
About 5% of the tokenized equity market is put to work in on-chain finance, according to the note. Grayscale research head Zach Pandl tied that to what investors actually want, which is round the clock trading and access from anywhere.
Value locked in tokenized stocks passed $110 million in late August, Grayscale said in a post citing on-chain data from Allium. That sits far below the billions changing hands every week.
Lending is starting to catch up. Holdings inside Kamino and Jupiter, two Solana lending protocols, have grown roughly tenfold in a year.
BeInCrypto reported in July that Robinhood leads tokenized stock platforms by holder count, while meme coins rather than equities drive most traffic on Robinhood Chain, the network the brokerage launched on Arbitrum earlier this year. Grayscale’s data points the same way.
Regulation Decides What Comes NextUS regulators have discussed an innovation exemption, a carve out that would let tokenized securities trade under safeguards such as verified participants and compliance ready token standards.
Securities and Exchange Commission (SEC) officials have separately argued that tokenization makes shares easier to pledge as collateral. An SEC advisory committee also backed settling stock and payment in a single transaction, which removes the risk that one side fails to deliver.
Robinhood CEO Vlad Tenev has pressed a similar case about the US tokenized stock gap. Meanwhile, the wider tokenized asset ownership problem still leaves holders with exposure rather than shares.
The gap matters because collateral use is what would pull institutional balance sheets onchain.
The named chains drew mixed price action on Friday. Solana (SOL) traded near $101.76, down 3.2% on the day, while BNB held around $718.84.
Solana (SOL) and BNB Price Performances. Source: TradingViewVolume alone will not turn tokenized stocks into collateral. Rulemaking will, and US regulators have not finished the job.
Robinhood Chain, the brokerage giant’s dedicated Layer 2 network built on Arbitrum Orbit, ran into transaction posting delays tied to Ethereum market conditions. Arbitrum confirmed the chain remained operational throughout, drawing a careful distinction between “delays” and “downtime” that matters more than it might sound.
The incident puts a spotlight on how Layer 2 networks depend on their underlying Layer 1 for final settlement, and what happens when that relationship gets complicated by volatile market dynamics.
What actually happened On September 4, 2026, Robinhood Chain experienced a temporary stall in block production lasting somewhere between 4 and 14 minutes. At the chain’s target cadence of roughly 100 milliseconds per block, that translates to approximately 8,400 missed blocks.
The interruption coincided with peak transactional activity, with daily volume exceeding 14 million transactions. Arbitrum attributed the delays to Ethereum market behavior rather than any failure in Robinhood Chain’s own infrastructure. No funds were lost or compromised during the episode. Robinhood has not published a detailed root-cause analysis explaining exactly which Ethereum conditions triggered the batch posting delays.
The distinction Arbitrum is drawing here is technical but important. Robinhood Chain’s sequencer, the centralized component that orders transactions and bundles them into batches, continued operating. The problem was in posting those batches to Ethereum for final settlement.
How Robinhood Chain’s plumbing works To understand why this matters, you need to understand how transaction finality works on a Layer 2 like Robinhood Chain. It happens in three stages, each offering a different level of confidence that your transaction is permanent.
First, there’s the soft confirmation. Within seconds of submitting a transaction, the sequencer acknowledges it and includes it in the chain’s local state. Second, the sequencer bundles those transactions into a batch and posts them to Ethereum. This typically takes minutes. It’s the step that got delayed on September 4. Third, those batches achieve Ethereum finality, which takes approximately 13 more minutes. Only at this stage does the transaction inherit the full security guarantees of Ethereum’s validator set.
So when Arbitrum says the chain had “no downtime,” they mean the first stage kept working. Users could still submit and receive soft confirmations for transactions. But the pipeline between stages one and two got backed up, meaning those transactions sat in a kind of limbo before being anchored to Ethereum.
The centralized sequencer question On Robinhood Chain, a single sequencer orders all transactions and prepares batches. It’s efficient, which is how the network achieves those 100-millisecond block times and handles 7 to 14 million daily transactions. But it’s also a single point of dependency.
When Ethereum conditions caused batch posting to stall, the sequencer was the bottleneck. There was no decentralized fallback to route around the problem.
Robinhood Chain launched on July 1, 2026, with an explicit focus on speed and throughput for retail users. The network has been processing substantial volume, driven largely by memecoin trading and tokenized asset activity. The chain does not have its own native token, instead using ETH as its gas token. The protocol’s revenue model allocates 10% of net revenue to be split between the Arbitrum DAO and the Developer Guild.
What this means for Layer 2 adoption The lack of a native token on Robinhood Chain means the network’s health is directly tethered to ETH’s utility and market dynamics. If ETH gas prices spike or Ethereum experiences congestion, Robinhood Chain absorbs that cost at the settlement layer. Users may not feel it immediately thanks to the sequencer’s buffering, but the September 4 delays show that the buffer has limits.
The broader takeaway for the rollup ecosystem is that “no downtime” and “no delays” are different claims, and the gap between them is where user trust either builds or erodes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Blocks came every 101 milliseconds throughout the outage reported on Friday. The chain's transaction data went missing on Ethereum for exactly 14 minutes, across two gaps. Arbitrum blamed Ethereum's blob market, which fits the second gap and not the first.
Robinhood Chain kept producing blocks through the outage reported on Friday. What stopped was its transaction data reaching Ethereum, for 14 minutes across two gaps.
Posting those batches is what puts Robinhood Chain's data where anyone can reconstruct the chain and check it, and what allows funds to leave for Ethereum. Robinhood Chain posts more of that data than any other network, so a delay in its batches is the largest single interruption the blob market can produce.
Arbitrum said Ethereum's blob market caused the delay. That fits the second gap, which began after the blob price rose past the ceiling Robinhood Chain's poster was bidding. It does not fit the first and longer one, which ran 8 minutes and 36 seconds while Ethereum blocks carried 263 unused blob slots and priced them at 0.0086 gwei against the poster's standing bid of 0.0616.
"Robinhood Chain experienced no downtime," Arbitrum posted at 2:19 p.m. New York time, after posts on X and two crypto outlets reported that the network had stopped producing blocks for around 14 minutes. "Earlier today, Robinhood Chain experienced batch posting delays due to L1 market blob behavior. Direct user transactions experienced no delays. Some infrastructure providers that rely on Robinhood Chain's data stream experienced a brief performance impact due to a high number of feed subscribers. Robinhood Chain remains operational." The post had drawn about 24,500 views, 314 likes and 40 replies within an hour.
Robinhood has published no technical account of the incident and its chain documentation lists no status page.
Blocks Never StoppedRobinhood Chain produced 106,756 blocks between 12:00 and 15:00 UTC, an average of one every 101 milliseconds, according to blocks read from the chain's Blockscout explorer. Block 54,248,341 carries a 12:00:00 timestamp and block 54,355,097 carries 15:00:00, a count consistent with uninterrupted production at that pace.
Blocks inside the window that traders flagged were full of activity. Block 54,266,500 at 12:30:37 UTC carried 19 transactions, block 54,270,000 at 12:36:34 carried 14, and block 54,274,000 at 12:43:21 carried 22. Every block sampled between 12:28 and 12:50 UTC held between 14 and 22 transactions.
Fourteen Minutes Of Missing DataThe delay sits on Ethereum. Robinhood Chain's batch poster, the address 0xDaa5…87F4 identified by L2BEAT, submits blob transactions to the chain's sequencer inbox contract at a median interval of 12 seconds. It went 8 minutes and 36 seconds without posting, from 12:29:47 to 12:38:23 UTC, then went another 5 minutes and 24 seconds silent from 12:42:47 to 12:48:11.
Those two gaps total 840 seconds, or exactly 14 minutes, matching the figure that circulated on Friday as the length of a block-production halt. Across the 18 minutes and 24 seconds between the start of the first gap and the end of the second, the poster landed batches at nine separate moments against the roughly 92 its median cadence implies. Software tracking the chain through its Ethereum batch data rather than its blocks would have seen 14 minutes of nothing arriving.
Across the nine hours from 11:00 to 20:00 UTC, 26 intervals ran 60 seconds or longer, and 19 of them fell between 12:10 and 14:51. The figures come from 2,279 consecutive blob transactions sent by that address, read from Blobscan.
Room Going SpareA Robinhood Chain batch carries three blobs. Ethereum blocks held 21 at most on Friday and no block in a sample of 600 exceeded that, so the test of whether the chain was competing for space is how many blocks had three slots free while its batches were missing.
Through the first gap, 21 of the 29 Ethereum blocks that carried any blobs had at least three slots free, and the window held 263 unused slots in total. The blob base fee averaged 0.0086 gwei and peaked at 0.0152, against the 0.0616 gwei the poster had bid on its last transaction before the gap began.
Measured on EthereumGap 1, 8m 36sGap 2, 5m 24sBlocks with three or more blob slots free72%81%Unused blob slots in the window263223Blob base fee, mean0.0086 gwei0.0625 gweiBlob base fee, peak0.0152 gwei0.0906 gweiRobinhood Chain's standing bid0.0616 gwei0.0616 gweiThe second gap reads differently. The blob base fee averaged 0.0625 gwei through it, above the standing bid, and the batch that ended the gap raised its ceiling to 0.8187 gwei.
Blob price is not the only condition on inclusion. A blob transaction also competes on its execution-layer fee, and block builders sometimes carry fewer blobs than the limit allows to keep blocks propagating quickly. Neither accounts for 8 minutes and 36 seconds of absence across 263 open slots at a twelfth of the price the sender had already offered.
Bidding Its Way BackThe poster's fee ceiling shows what it did once batches began landing again. It bid 0.0616 gwei per unit of blob gas going into the first gap and 0.2463 gwei on the batch that ended it, four times higher, at a moment when the base fee had reached 0.0434. It bid 0.8187 gwei on the batch that ended the second gap and reached 1.4239 gwei at 12:53:59, roughly 10 times the prevailing base fee.
Whether that escalation was the poster responding to a rising market or recovering from a fault of its own is not established by the public record. Robinhood has not said which, and the mempool data that would show whether its batches were broadcast and waiting during the first gap is not publicly retained.
The 21-Blob CeilingBlob space did tighten on Friday, later than the first gap. The blob base fee averaged 0.0055 gwei across the 85 minutes to 12:25 UTC, then climbed to 0.1473 gwei by 12:53:23, 27 times the earlier level.
Ethereum blocks carried an average of 6.92 blobs in the calm period and 11.99 between 12:25 and 13:00 UTC. Eight percent of blocks in that window carried 21 blobs, the most any block held.
At the peak fee, a three-blob Robinhood Chain batch cost about 14 cents to post.
Base Filled The BlocksThe demand that moved the price came from Base. Robinhood Chain's own posting rate held steady: its batch poster sent 476 blobs in the 35 minutes to 11:35 UTC and 477 in the 35 minutes to 13:00 UTC, according to Blobscan.
Base nearly tripled its usage over the same comparison, from 222 blobs to 593, Blobscan data shows. Arbitrum One went from 48 to 135, and total blob supply across all senders rose 59%, from 1,058 blobs to 1,678. Robinhood Chain still accounted for 28% of every blob posted to Ethereum during the crunch and 45% in the calm window before it, more than any other single sender in either sample.
Base's batcher posts six blobs at a time, so it buys more space by posting more often. It submitted a batch every 55 seconds through the morning, then 45 batches in the 10 minutes from 12:30 UTC, one every 13 seconds and four times its morning rate, before settling near one every 30 seconds for the rest of the afternoon.
Traffic on Base is what changed. Its blocks carried an average of 1,428 transactions in those 10 minutes against 174 at 12:20, measured from blocks read through Base's public RPC endpoint. One block held 2,031 transactions; another burned 360 million gas against Base's 400 million gas limit. Base's own base fee left the 0.005 gwei floor it had held all morning, reaching 0.0193 gwei by 12:40.
About 31% of the Base transactions sampled in the 12:40 UTC window went to four unverified contracts that emit no event logs and move no tokens, burning between 54,000 and 144,000 gas each. None carries a public label. One has processed 4.43 million transactions since deployment and recorded a single token transfer, according to Base's Blockscout explorer.
Robinhood and Base did not reply to a request for comment by press time.
What Batches BuyRobinhood Chain's sequencer confirms transactions for users on its own; posting the batches to Ethereum is what puts the data where anyone can reconstruct the chain and challenge it, and what allows funds to leave for Ethereum.
Robinhood operates the chain's only sequencer, and L2BEAT flags a precompile, ArbFilteredTransactionsManager, that lets an authorized filterer register a transaction hash and cause the state transition to fail it, including transactions that were force-included. There is no delay on code upgrades. Users had no alternative route while batches queued.
Software that reads the chain's sequencer feed rather than its blocks, the route Chainstack's open-source decoder takes to see transactions before they execute, saw the degradation, which is consistent with monitoring tools reporting a halt that block data does not show.
Fees Keep ClimbingRobinhood Chain took $4.59 million in chain fees over 24 hours, up 3.1%, according to DefiLlama. Total value locked reached $839.7 million, from $783.1 million a day earlier. DEX volume was $1.69 billion, up 8.6% on the day and 98.2% over seven days.
The chain launched its mainnet on July 1 as infrastructure for tokenized securities, then leaned into memecoins as launch platforms paired them against stock tokens. It passed Solana on tokenized stock volume in late July, overtook Base on daily active users three weeks after launch and topped Ethereum on daily application revenue on Aug. 29.
Arbitrum collects 10% of the chain's fees under its Expansion Program license, split 8% to the DAO treasury and 2% to development funding.
ARB traded at $0.1327, down 5.7% over 24 hours, for a market capitalization of $886.2 million, according to CoinGecko. PONS, the launchpad token native to the chain, was at $0.6903, up 12.8%. ETH traded at $2,457.42, down 2.2%.
Robinhood Chain block data read from the chain's Blockscout explorer; batch posting, blob capacity and blob market data from Blobscan, covering 2,279 blob transactions from the chain's batch poster and 786 Ethereum blocks between 11:00 and 14:00 UTC on Sept. 4. Free-slot counts assume the 21-blob maximum observed across that window and a separate sample of 600 blocks. Base transaction, gas and base fee figures from 10 blocks sampled per 10-minute bucket through Base's public RPC endpoint, with destination contracts counted across 2,899 transactions in the 12:40 UTC window. Fee, TVL and volume figures via DefiLlama and prices via CoinGecko at 19:30 UTC on Sept. 4.
