Standard Chartered predicts Arbitrum's ARB to rise 70-fold to $10, citing Robinhood Chain revenue — SkimNews
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- Standard Chartered initiated ARB coverage with a $10 price target by end-2030, a ~70x rise from ~14 cents, with interim targets of 50 cents by year-end 2025, $1.50 in 2027, $3.50 in 2028, and $6.50 in 2029.
- Robinhood Chain has lifted Arbitrum's monthly revenue run rate to ~$5 million — over 5x its pre-July level — including ~$360,000 in July licensing fees that accounted for 35% of Arbitrum DAO income that month.
- ARB holders currently have no direct claim on the network's revenue, a limitation Geoffrey Kendrick himself flagged as a risk; Robinhood Chain routes 10% of net protocol revenue into the Arbitrum ecosystem (8% to the DAO treasury, 2% to a developer fund), none of which flows to token holders.
- Despite its TradFi branding, much of Robinhood Chain's early activity came from memecoin launchpads and trading apps rather than tokenized traditional assets — the segment Kendrick projects to drive $4 trillion in tokenization by end-2028.
- Near-term overhangs include Robinhood's 90-day gas-fee subsidy expiring around end-September and a scheduled unlock of 92.6 million ARB on Sept. 16, even as ARB rose nearly 7% in 24 hours amid a broader crypto market dip.
Why it matters: A major bank is calling for a 70x ARB rally, yet token holders get zero direct claim on the revenue meant to justify it — a risk Kendrick himself flagged. With 92.6 million ARB unlocking Sept. 16 and Robinhood's gas subsidy expiring, near-term price targets face real supply pressure before TradFi tokenization — the actual thesis driver — materializes.
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