Arbitrum Climbs 12% Following Robinhood Listing Amid Market Optimism

Arbitrum’s ARB token rallied 12% on Wednesday after U.S.-based trading platform Robinhood (HOOD) announced its listing. The surge came just a day after ARB hit an all-time low of $0.35.

Currently, ARB is trading at $0.42, rebounding from its recent bottom. Trading volume has also risen by 10%, reaching $400 million in the past 24 hours.

Despite price challenges, Arbitrum’s total value locked (TVL) remains strong at $2.8 billion, an increase from $2.5 billion in November, according to DeFiLlama.

However, ARB is still down 82% from its 2024 high of $2.41. This decline is largely due to token emissions, as its circulating supply has expanded from 1.5 billion to 4.4 billion tokens since March 2024. While this has pressured prices, ARB’s overall market capitalization has stayed relatively stable, as market cap is calculated by multiplying circulating supply by asset price.

ARB was listed on Robinhood alongside XRP, shiba inu (SHIB), and bonk (BONK), all of which gained between 4.5% and 7% following the announcement.

Arbitrum’s stronger gains compared to the other newly listed tokens may be attributed to its position as the leading layer-2 network. It currently ranks highest in total value secured (TVS) and user operations per second (UOPS), according to L2Beat.

Meanwhile, XRP—despite being part of Donald Trump’s U.S. strategic crypto reserve plans—has just $80 million locked in its XRPL decentralized exchange. SHIB and BONK, on the other hand, remain largely retail-driven memecoins.