Arbitrum jumps 19% benefitting from Robinhood's $568 million onchain trading frenzy

Bullish+39.86%
9 Jul, 20:28
Source: CoinDesk

AI Summary

Arbitrum token surged 19% as Robinhood's blockchain integration drives $568 million in onchain memecoin trading volume, benefiting both the L2 ecosystem and the brokerage.

The brokerage's new blockchain is off to a fast start, with memecoin trading boosting activity and revenue flowing back to the Arbitrum ecosystem.