Daily trading on the Robinhood Chain's decentralized exchange crossed a new threshold of $3 billion, marking the first time the network reached that level of activity. Total volume for the week ending Sept. 6 hit $10.47 billion, reflecting a near 100% increase from the previous seven days. This activity fueled a 120% rally in the price of the Arbitrum token, ARB.

Total value locked on the chain grew 30% in a week to nearly $880 million, more than doubling over the last 30 days. ARB, currently ranked 64th by market capitalization at $1.3 billion, posted a further 43.1% gain as fee revenue from the Robinhood Chain continues to rise.