Why Did Arbitrum (ARB) Surge 21%?

Arbitrum, an Ethereum layer-2 scaling solution, experienced a notable price rally in the early hours of today. Data from CoinGecko reveals that the project’s native token ARB surged by over 21% from one day ago. This makes it one of the top-performing tokens trending in the market today.

The token’s price action has since retraced slightly. At the time of writing, ARB trades at approximately $0.36. This represents a 17% price increase over the last 24 hours and a 34.5% increase over the previous week.

What is Behind the Surge?

Arbitrum (ARB)’s price rally is fueled by an announcement involving a fireside chat. According to U.S.-based financial services provider Robinhood, the meeting is scheduled for Monday, June 30, 2025, at 7:45 pm CEST. It will feature Ethereum’s co-founder, Vitalik Buterin, Robinhood’s General Manager, Johann Kerbrat, and Offchain Labs’ CSO, A.J. Warner. Offchain Labs is the team behind Arbitrum.

Earlier this year, Bloomberg disclosed Robinhood’s plans to develop a blockchain-based platform that will allow European investors to trade U.S securities. They also mentioned that the venture might involve a partnership with a digital asset firm (Arbitrum or Solana).

Thus, this upcoming meeting has led to a growing speculation that Robinhood might partner with Arbitrum to materialize its plans. In response to the announcement, former Ethereum core developer Eric Conner stated on X: “Looks like Robinhood chose Arbitrum.”

Arbitrum Sees Active Growth

On-chain data indicate that this recent development has had a positive impact on the Ethereum layer-2 scaling solution. According to data from DefiLlama, Arbitrum recorded about 418,400 active addresses in the last 24 hours. This metric reflects a notable 25% increase from the previous week.

Furthermore, the platform has recorded increased trading activity. A week ago, a crypto wallet, likely connected to the Gelato network, transferred $5.39 million in ARB to GSR. According to Lookonchain, GSR’s public wallet has also deposited $3.1 million in ARB in Binance in the past week. Since then, the crypto market maker’s trading activity in ARB has increased.

Current market data indicates that ARB’s 24-hour trading volume has jumped to approximately $901 million. This reflects a significant 623.4% increase from one day ago.

Overall, speculation about a potential collaboration between Arbitrum and Robinhood has generated considerable market interest, driving up the ARB token’s price.

The post Why Did Arbitrum (ARB) Surge 21%? appeared first on Cointab.