In a noteworthy development in the cryptocurrency market, U.S.-based trading app Robinhood has added Arbitrum (ARB) to its list of tradable assets as of Wednesday. This news triggered a significant 12% surge in the price of the layer 2 network’s native token, which is now trading at around [openai_gpt model=”gpt-4o-mini” prompt=”You are a news reporter covering the cryptocurrency industry. Given the article description, provide an introductory overview of the news in an informative style. AVOID using overly technical terms or details! DO NOT offer recomendations to buy or sell any assets! Analyze from a fact-based perspective and bring in additional research when claims are made. Write this overview with creativity and flair, ensuring it reads like a human-written text and incorporates keywords in a natural way for SEO optimization. Generate HTML-formatted content using only
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tags. Exclude headings and other HTML tags. DO NOT include a ‘Conclusion’ section! Here is the product description: ‘U.S.-based trading app Robinhood (HOOD) listed arbitrum (ARB) on Wednesday, leading to a 12% rise in the layer 2 network’s native token.ARB is currently trading at $0.42 having slumped to an all-time low of $0.35 on Tuesday. Trading volume is also up by 10% to $400 million over the past 24 hours.Total value locked (TVL) has remained steady on Arbitrum of late, standing at $2.8 billion having risen from $2.5 billion at the start of November, according to DefiLlama.But that relative success has not equated to success in terms of token price, with ARB now 82% down from 2024’s record high of $2.41.This is partly due to token emissions; since March 2024 circulating supply has increased from 1.5 billion to 4.4 billion, which means that the market cap has remained more stable than the price itself. Market cap is worked out by multiplying circulating supply with asset price.ARB was not the only token to be listed on Robinhood, it joins XRP, shiba inu (SHIB), and bonk (BONK), all of which rose between 4.5% and 7% on Wednesday.The extended rise of ARB compared to the other listed tokens could be due to the fact that it is the leading layer-2 network in terms of total value secured (TVS) and user operations per second (UOPS), according to L2Beat.XRP, meanwhile, despite being named in Donald Trump’s U.S. strategic reserve plans, has just $80 million locked up in its solitary XRPL decentralized exchange, while SHIB and BONK and retail-focused memecoins.'”].42 after dipping to an all-time low of [openai_gpt model=”gpt-4o-mini” prompt=”You are a news reporter covering the cryptocurrency industry. Given the article description, provide an introductory overview of the news in an informative style. AVOID using overly technical terms or details! DO NOT offer recomendations to buy or sell any assets! Analyze from a fact-based perspective and bring in additional research when claims are made. Write this overview with creativity and flair, ensuring it reads like a human-written text and incorporates keywords in a natural way for SEO optimization. Generate HTML-formatted content using only
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tags. Exclude headings and other HTML tags. DO NOT include a ‘Conclusion’ section! Here is the product description: ‘U.S.-based trading app Robinhood (HOOD) listed arbitrum (ARB) on Wednesday, leading to a 12% rise in the layer 2 network’s native token.ARB is currently trading at $0.42 having slumped to an all-time low of $0.35 on Tuesday. Trading volume is also up by 10% to $400 million over the past 24 hours.Total value locked (TVL) has remained steady on Arbitrum of late, standing at $2.8 billion having risen from $2.5 billion at the start of November, according to DefiLlama.But that relative success has not equated to success in terms of token price, with ARB now 82% down from 2024’s record high of $2.41.This is partly due to token emissions; since March 2024 circulating supply has increased from 1.5 billion to 4.4 billion, which means that the market cap has remained more stable than the price itself. Market cap is worked out by multiplying circulating supply with asset price.ARB was not the only token to be listed on Robinhood, it joins XRP, shiba inu (SHIB), and bonk (BONK), all of which rose between 4.5% and 7% on Wednesday.The extended rise of ARB compared to the other listed tokens could be due to the fact that it is the leading layer-2 network in terms of total value secured (TVS) and user operations per second (UOPS), according to L2Beat.XRP, meanwhile, despite being named in Donald Trump’s U.S. strategic reserve plans, has just $80 million locked up in its solitary XRPL decentralized exchange, while SHIB and BONK and retail-focused memecoins.'”].35 earlier this week. The trading volume for ARB also saw a boost, climbing 10% to reach 0 million in just 24 hours.
The total value locked (TVL) within the Arbitrum ecosystem has remained resilient, currently resting at .8 billion, an increase from .5 billion at the beginning of November, according to data from DefiLlama. Despite this relatively stable performance in TVL, ARB’s price has struggled, with the token down a striking 82% from its peak of .41 earlier in 2024. One of the primary factors influencing this volatility is the substantial increase in token emissions, which escalated the circulating supply from 1.5 billion to 4.4 billion since March 2024. This rise in supply has kept the market cap more stable than the fluctuating price.
ARB is not alone in making its debut on Robinhood; it joins a roster of other tokens such as XRP, Shiba Inu (SHIB), and Bonk (BONK), all of which experienced price increases ranging from 4.5% to 7% on the same day. However, ARB’s performance stands out, aided by its position as the leading layer-2 network in terms of total value secured (TVS) and user operations per second (UOPS), as reported by L2Beat.
In contrast, XRP has faced challenges despite its mention in Donald Trump’s U.S. strategic reserve plans, with only million currently locked in its exclusive XRPL decentralized exchange. Meanwhile, SHIB and BONK continue to ride the wave of retail interest often associated with memecoins.
Impact of Robinhood’s Listing of Arbitrum (ARB)
The recent listing of Arbitrum (ARB) on the trading app Robinhood has several noteworthy implications for both investors and the cryptocurrency market.
- Significant Price Movement:
- ARB experienced a 12% rise in value following the listing, indicating strong market interest.
- The current trading price of [openai_gpt model=”gpt-4o-mini” prompt=”Based on the article content, generate a list of key points in an HTML format using Bold, UL/OL. Focus solely on the most important aspects, and describe how they might be related or impact the readers life if at all. Begin with a title using
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tags. DO NOT include a ‘Conclusion’ section! Here is the topic description: ‘U.S.-based trading app Robinhood (HOOD) listed arbitrum (ARB) on Wednesday, leading to a 12% rise in the layer 2 network’s native token.ARB is currently trading at $0.42 having slumped to an all-time low of $0.35 on Tuesday. Trading volume is also up by 10% to $400 million over the past 24 hours.Total value locked (TVL) has remained steady on Arbitrum of late, standing at $2.8 billion having risen from $2.5 billion at the start of November, according to DefiLlama.But that relative success has not equated to success in terms of token price, with ARB now 82% down from 2024’s record high of $2.41.This is partly due to token emissions; since March 2024 circulating supply has increased from 1.5 billion to 4.4 billion, which means that the market cap has remained more stable than the price itself. Market cap is worked out by multiplying circulating supply with asset price.ARB was not the only token to be listed on Robinhood, it joins XRP, shiba inu (SHIB), and bonk (BONK), all of which rose between 4.5% and 7% on Wednesday.The extended rise of ARB compared to the other listed tokens could be due to the fact that it is the leading layer-2 network in terms of total value secured (TVS) and user operations per second (UOPS), according to L2Beat.XRP, meanwhile, despite being named in Donald Trump’s U.S. strategic reserve plans, has just $80 million locked up in its solitary XRPL decentralized exchange, while SHIB and BONK and retail-focused memecoins.'”].42 represents a recovery from its all-time low of [openai_gpt model=”gpt-4o-mini” prompt=”Based on the article content, generate a list of key points in an HTML format using Bold, UL/OL. Focus solely on the most important aspects, and describe how they might be related or impact the readers life if at all. Begin with a title using
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tags. DO NOT include a ‘Conclusion’ section! Here is the topic description: ‘U.S.-based trading app Robinhood (HOOD) listed arbitrum (ARB) on Wednesday, leading to a 12% rise in the layer 2 network’s native token.ARB is currently trading at $0.42 having slumped to an all-time low of $0.35 on Tuesday. Trading volume is also up by 10% to $400 million over the past 24 hours.Total value locked (TVL) has remained steady on Arbitrum of late, standing at $2.8 billion having risen from $2.5 billion at the start of November, according to DefiLlama.But that relative success has not equated to success in terms of token price, with ARB now 82% down from 2024’s record high of $2.41.This is partly due to token emissions; since March 2024 circulating supply has increased from 1.5 billion to 4.4 billion, which means that the market cap has remained more stable than the price itself. Market cap is worked out by multiplying circulating supply with asset price.ARB was not the only token to be listed on Robinhood, it joins XRP, shiba inu (SHIB), and bonk (BONK), all of which rose between 4.5% and 7% on Wednesday.The extended rise of ARB compared to the other listed tokens could be due to the fact that it is the leading layer-2 network in terms of total value secured (TVS) and user operations per second (UOPS), according to L2Beat.XRP, meanwhile, despite being named in Donald Trump’s U.S. strategic reserve plans, has just $80 million locked up in its solitary XRPL decentralized exchange, while SHIB and BONK and retail-focused memecoins.'”].35.
- Increased Trading Volume:
- Trading volume surged by 10% to 0 million in the past 24 hours, suggesting heightened activity and interest in the token.
- Total Value Locked (TVL) Stability:
- Despite fluctuations in token price, Arbitrum’s TVL has remained stable at .8 billion, up from .5 billion at the beginning of November.
- Token Emission Impact:
- ARB’s price drop of 82% from its 2024 high of .41 is attributed to increased token emissions, with circulating supply jumping from 1.5 billion to 4.4 billion since March 2024.
- This inflation in supply has kept the market cap stable while affecting price negatively.
- Peer Comparison:
- Other tokens like XRP, SHIB, and BONK also saw price increases, albeit smaller (4.5% to 7%), suggesting a broader market effect from Robinhood listings.
- ARB’s standing as a leading layer-2 network influences its strength compared to other listed tokens, given its performance metrics such as Total Value Secured (TVS) and User Operations Per Second (UOPS).
These developments not only reflect the dynamic nature of the cryptocurrency market but also highlight the potential for volatility and investment opportunities for users on platforms like Robinhood.
Robinhood’s Latest Listing: A Closer Look at ARB and Its Market Position
The recent news of Robinhood listing arbitrum (ARB) has sparked a notable 12% increase in the token’s value, showcasing the influence that trading platforms can exert on cryptocurrency prices. This listing is particularly timely, as ARB had just experienced a brief dip to [openai_gpt model=”gpt-4o-mini” prompt=”Given the product description, provide a comparative analysis with similar news in the category. Do not directly repeat the details. Instead, focus on the news competitive advantages and disadvantages, and suggest who the news is could benefit or create problems for. Use engaging, human-like language and incorporating keywords naturally for SEO purposes. Begin with a title using
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and tags. DO NOT include a ‘Conclusion’ section! Here is the topic description: ‘U.S.-based trading app Robinhood (HOOD) listed arbitrum (ARB) on Wednesday, leading to a 12% rise in the layer 2 network’s native token.ARB is currently trading at $0.42 having slumped to an all-time low of $0.35 on Tuesday. Trading volume is also up by 10% to $400 million over the past 24 hours.Total value locked (TVL) has remained steady on Arbitrum of late, standing at $2.8 billion having risen from $2.5 billion at the start of November, according to DefiLlama.But that relative success has not equated to success in terms of token price, with ARB now 82% down from 2024’s record high of $2.41.This is partly due to token emissions; since March 2024 circulating supply has increased from 1.5 billion to 4.4 billion, which means that the market cap has remained more stable than the price itself. Market cap is worked out by multiplying circulating supply with asset price.ARB was not the only token to be listed on Robinhood, it joins XRP, shiba inu (SHIB), and bonk (BONK), all of which rose between 4.5% and 7% on Wednesday.The extended rise of ARB compared to the other listed tokens could be due to the fact that it is the leading layer-2 network in terms of total value secured (TVS) and user operations per second (UOPS), according to L2Beat.XRP, meanwhile, despite being named in Donald Trump’s U.S. strategic reserve plans, has just $80 million locked up in its solitary XRPL decentralized exchange, while SHIB and BONK and retail-focused memecoins.'”].35, prompting many investors to analyze its potential for recovery. The uptick in trading volume, with ARB clocking in at around 0 million over the past 24 hours, indicates renewed interest, which is a competitive advantage for both Robinhood and the Arbitrum network.
However, amidst this recovery, ARB is still grappling with significant price depreciation, marked by an 82% drop from its highest point of .41 earlier in 2024. This disparity stems from high token emissions that have increased circulating supply from 1.5 billion to 4.4 billion since March 2024. Such inflationary pressures not only hinder price stability but also diminish investor confidence, potentially creating challenges for prospective investors and current holders alike.
When comparing ARB’s performance with other tokens recently listed by Robinhood—like XRP, SHIB, and BONK—it becomes clear that while ARB represents the leading layer-2 network with impressive metrics in total value secured and user operations, it nonetheless faces stiff competition. The sharper rise in ARB’s value, compared to the less dramatic gains of around 4.5% to 7% from its counterparts, speaks volumes about its strategic position. Yet, XRP’s connection to Donald Trump’s U.S. strategic reserves plan and the hype surrounding popular retail tokens like SHIB and BONK highlight a potential disadvantage for ARB, as these narratives can often drive speculation and increases in demand more effectively than technical performance alone.
This landscape creates a double-edged sword. On one hand, the recent listing and subsequent price rise of ARB can attract new investors looking to capitalize on perceived growth. On the other, ongoing supply inflation and a lackluster response from the broader market could dissuade long-term investment. Investors who focus on fundamentals and operational metrics may find ARB appealing, whereas those swayed by narratives, community support, and market hype might lean towards more established names in the crypto space. As Robinhood continues to make waves by listing niche tokens, it is crucial for users to do their due diligence to navigate the potential pitfalls that accompany such volatility in asset values.
