Arbitrum Rallies 90% as Robinhood Chain Fee Revenue Spikes

Arbitrum is seeing a major comeback, with the price of its token climbing 90% from its June record low. This rally picked up significant speed after fees on the Robinhood Chain reached a record $4.45 million on September 2. The network, which launched on Arbitrum in July, is generating massive revenue compared to the main Arbitrum One network, which collected only about $14,000 in fees over the same 24 hour period.

The sharp rise in fee income is significant because a portion of that revenue flows back to the ArbitrumDAO under its expansion program. While this activity creates a clear bullish narrative for the token, the total value locked on the network remains well below its previous peak of $4 billion. Investors are now watching to see if this transaction volume is sustainable or if it will taper off.

Technically, ARB is currently consolidating after its recent price jump. Traders are eyeing the $0.140 to $0.145 range as the next major hurdle. If the price can clear that area, it may push toward $0.150. However, support sits firmly at the $0.125 level, and a break below that could signal a deeper pullback.

Moving forward, the market faces two key tests in September. A large batch of 92.6 million tokens is scheduled to enter the market on September 16. Additionally, a gas subsidy provided by Robinhood is set to expire later in the month. Whether the network maintains its current fee growth once that subsidy ends will be the true test for the sustainability of this rally.