Arbitrum Token ARB Surges 12% Following Robinhood Listing
Robinhood (HOOD) has listed arbitrum (ARB), resulting in a 12% price increase. ARB is trading at $0.42, recovering from an all-time low of $0.35.
- Trading volume increased by 10% to $400 million in the last 24 hours.
- Total value locked (TVL) on Arbitrum is $2.8 billion, up from $2.5 billion at the beginning of November.
- ARB remains 82% below its 2024 peak of $2.41.
- Circulating supply rose from 1.5 billion to 4.4 billion since March 2024, impacting market stability.
- Other tokens listed include XRP, shiba inu (SHIB), and bonk (BONK), which saw gains of 4.5% to 7%.
- ARB leads layer-2 networks in total value secured (TVS) and user operations per second (UOPS).
- XRP has $80 million locked in its XRPL decentralized exchange.
