Standard Chartered expects Arbitrum's ARB rising 70-fold to $10 citing Robinhood Chain revenue
Standard Chartered has issued a bullish forecast for the Arbitrum (ARB) token, predicting a 70-fold increase by 2030 based on the growth of the Robinhood Chain. While the network is seeing increased revenue from institutional partnerships, analysts note that current token holders do not receive direct payouts from these earnings.
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This report illustrates the growing intersection between traditional finance and decentralized infrastructure, while highlighting the risks inherent in speculative crypto-asset valuations.
The call rests partly on the revenue Arbitrum earns from helping companies such as Robinhood build their own networks, the bank said in the note.
ARB has gained nearly 7% in the last 24 hours amid a dip in the broader cryptocurrency market .
Robinhood Chain has pushed Arbitrum’s September revenue toward a roughly $5 million monthly run-rate, more than five times its level before the chain debuted in July, according to Geoffrey Kendrick, Standard Chartered’s global head of digital assets research.
“The recent Robinhood chain launch has demonstrated the potential for Arbitrum to become the number 1 choice for TradFi when bringing assets on-chain,” Kendrick wrote.
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