Standard Chartered predicts Arbitrum's ARB to rise 70-fold to $10, citing Robinhood Chain revenue
The bank expects tokenization to make Arbitrum a favored network for traditional finance, even though ARB holders currently have no direct claim on the fees.
Standard Chartered started covering Arbitrum’s ARB token on Tuesday with a forecast that it reaches $10 by the end of 2030, roughly 70 times its current price near 14 cents.
The call rests partly on the revenue Arbitrum earns from helping companies such as Robinhood build their own networks, the bank said in the note.
Robinhood Chain has pushed Arbitrum’s September revenue toward a roughly $5 million monthly run-rate, more than five times its level before the chain debuted in July, according to Geoffrey Kendrick, Standard Chartered’s global head of digital assets research.
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