What to Know:

• Robinhood’s listing of Arbitrum (ARB) caused a price increase of 12%, bringing the token’s value to $0.42 from a low of $0.35.
• Trading volume rose 10% to $400 million.
• Arbitrum’s supply has increased significantly, affecting its price stability.

U.S.-based trading platform Robinhood recently added Arbitrum (ARB) to its offerings, resulting in a remarkable rise of 12% in the token’s value. Currently priced at $0.42, ARB had previously reached an all-time low of $0.35 just a day before.

In the last 24 hours, there has been a notable increase in trading activity, with volumes reaching $400 million, up by 10%. While Arbitrum’s total value locked (TVL) remains stable at $2.8 billion, its circulating supply surged from 1.5 billion to 4.4 billion since March 2024. This influx of tokens has resulted in market fluctuations, with ARB currently down 82% from its record high in 2024 of $2.41.

Arbitrum’s growing supply accompanies its transition to a leading layer-2 network, well received by the market, as it now competes alongside other popular tokens recently listed on Robinhood.