The Arbitrum (ARB) token surged 25% during Asian and European trading sessions, the largest gain among major tokens, after fees collected on the Robinhood Chain doubled from Monday. ARB reached $0.1087, up 25% over 24 hours. The Robinhood Chain collected $2.13 million in chain fees over the same period, versus $963,612 on Monday. Under its licence, the Robinhood Chain must remit 10% of its net revenues to the Arbitrum Foundation, amounting to approximately $192,000 per day at the current rate. ARB’s market capitalization stands at roughly $726 million.
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