Arbitrum (ARB) Falls 10% Despite Robinhood Chain Launch
ARB dropped to $0.214 and traded near $0.217 at 5 p.m. ET on Sept. 24 after a one-day rally tied to attention around Robinhood Chain.
Arbitrum (ARB) fell 10% over 24 hours to about $0.217 at 5 p.m. ET (21:00 UTC) on Sept. 24, giving back a rally that had lifted the token near $0.25.
ARB reached $0.214 during the decline. The retreat followed a 13.38% gain to $0.241 on Sept. 23 amid attention around Arbitrum’s connection to Robinhood Chain. ARB’s earlier rally also pushed open interest in its derivatives market 12% higher to $332 million.
Robinhood launched the public mainnet of Robinhood Chain on July 1, 2026, using the Arbitrum Platform. Robinhood Chain is a permissionless Ethereum Layer 2 built with Arbitrum technology.
The network supports Stock Tokens and is available through Robinhood Wallet in more than 120 countries, subject to local restrictions. Stock Tokens are not available in the United States or to U.S. persons.
Robinhood Chain remits 10% of its net revenue to the Arbitrum ecosystem. Two weeks after launch, the chain had almost $600 million in total value secured, more than $808 million in 24-hour decentralized-exchange volume and more than $800,000 in revenue.
Those figures show activity on Robinhood Chain but do not establish immediate buying demand for ARB. The token’s decline came as the launch’s network-growth narrative failed to prevent a sharp reversal in its market price.
“Decentralized finance unlocks possibilities beyond what traditional finance can offer,” Johann Kerbrat, Robinhood’s senior vice president and general manager of crypto and international, said in the Robinhood Chain announcement.
