Arbitrum (ARB) broke out of a prolonged bearish channel, jumping to a two-week high of $0.085 before retracing to approximately $0.083. The altcoin rose 10% on the daily charts, with trading volume surging 118% to $105 million, signaling strong market participation. The rebound followed a tokenomics announcement from Arbitrum developer Steven Goldfeder: 10% of fees collected on Robinhood Chain and other Arbitrum L2s will be directed to the Arbitrum ecosystem, with 8% going to the tokenholder-controlled treasury and 2% for development. Additionally, 100% of fees on Arbitrum One will go to the treasury. This approach aims to counter inflation from monthly unlocks, with 92.63 million ARB (worth approximately $7.6 million) entering circulation in July.
After a prolonged downtrend, Arbitrum broke out of a bearish channel, reaching a two-week high of $0.085 before slightly retracing. At press time, ARB was trading around $0.083 after rising 10% on the daily charts, with volume jumping 118% to $105 million.
The rebound was fueled by positive market news. Arbitrum developer Steven Goldfeder announced that 10% of fees collected on Robinhood Chain and other Arbitrum L2s will be directed to the Arbitrum ecosystem. He added that 8% goes to the tokenholder-controlled treasury and 2% for development, while 100% of fees on Arbitrum One will go to the treasury.
Since going live, Robinhood Chain has experienced massive growth. DEX trading volume surged to a record $560 million on July 8, driven by over 140,000 new addresses. App fees reached $2.36 million on July 8 and $2.12 million on July 9, according to data from DefiLlama.
For Arbitrum, rising fees offer a lifeline as the team seeks to offset market inflation. Arbitrum remains extremely inflationary due to monthly unlocks—this July, 92.63 million ARB (worth approximately $7.6 million) will enter circulation. However, the Robinhood chain must generate $8 million monthly for Arbitrum to invest back, which remains far-fetched in the short term.
Arbitrum’s Relative Strength Index climbed to 54, edging into bullish territory and signaling strong buyer comeback. If the Robinhood-driven narrative holds, Arbitrum may eye the $0.09 resistance level. If the promised ecosystem investment fails to absorb inflation pressure, momentum could fade, with ARB possibly falling to $0.072.
