The trading app based on US Robinhood (Hood) trading app listed on Arbitrum (ARB) on Wednesday, leading to a 12% increase in Layer 2’s native token.
The ARB is currently trading at $ 0.42 that fell to a full time of less than $ 0.35 on Tuesday. Trade volume is up to 10% to $ 400 million in the past 24 hours.
The total amount locked (TVL) remained stable in the latter arbitrum, standing at $ 2.8 billion up from $ 2.5 billion at the beginning of November, according to Delete.
But this KaMag -Child Success is not equivalent to success in token price terms, with the ARB now 82% down from the record with a high $ 2.41.
This is part of the token releases; Since March 2024 the supply of circulation has increased from 1.5 billion to 4.4 billion, which means the market cap has remained more stable than the price itself. The market cap worked by reproducing the shifting -moving supply with the price of ownership.
The ARB is not the only token listed in Robinhood, it joins the XRP, Shiba Inu (Shib), and Bonk (Bonk), all of which rose between 4.5% and 7% on Wednesday.
Extended ARB increase compared to other listed tokens may be caused by the fact that this is the top Layer-2 network in terms of total amount secured (TVs) and user operations per second (UOP), according to L2Beat.
Meanwhile, the XRP, even named Donald Trump’s strategic reserves of US strategic reserves, $ 80 million locked In its alone XRPL decentralized exchanges, while shib and bonk and retail memecoins.
