The DAO (decentralized autonomous organization) that runs Arbitrum received $175,612 over the past 24 hours, $363,153 over seven days and $531,641 over 30 days, according to DefiLlama.
“Ethereum’s cut is a fixed-ish L1 target=”_blank” rel=”noopener noreferrer”>post on X. “So on a spike day, Arbitrum scales up with REV but Ethereum barely moves in dollar terms.”
Price action following onchain activity
Altcoin rallies are often driven by thin liquidity and speculation, but $ARB‘s move looks better supported than most. The token saw $618 million in volume in the past 24 hours, an eightfold increase over the previous day.
Order books have thickened alongside. Across the 40 largest venues, roughly $6.2 million sits within 2% of the current price on the buy side and $7.4 million on the sell side, according to CoinMarketCap, though almost a third of that depth is concentrated on a single exchange, BTCC.
The price has tracked onchain activity more closely than it did in recent months. $ARB bottomed near 7.3 cents around Aug. 18, then rallied to roughly 10.5 cents in the final week of August as Robinhood Chain’s daily revenue climbed off its lows, faded back to about 8.5 cents, and broke the range top this week as revenue hit records. Trading volumes on the chain followed a similar path, reaching $6.92 billion across the week, a gain of 89.47%, according to DefiLlama.
