Arbitrum surged 20% after Robinhood Chain launch; meme coins and Solana ETF inflows show continued speculative activity.
Tech & Launches ·
Arbitrum's token gained about 20% on July 10 after Robinhood Chain went live using it as the underlying technology, with the chain set to direct 10% of protocol revenue back to the Arbitrum ecosystem. Speculative activity on the new chain drove rapid moves across tokens, including Cash Cat reaching a $180 million market cap, while Solana's spot ETF attracted a $150,500 inflow to bring total assets to $901 million. The growth underscores renewed interest in ecosystem expansions, though current usage remains concentrated in meme coins rather than fundamental applications.