On Wednesday, which led to the Robinhood commercial application (Hood) based in the United States (ARB), which led to a 12% increase in the native token of the network of layer 2.
Currently, ARB quotes at $ 0.42 having fallen to a historical minimum of $ 0.35 on Tuesday. The negotiation volume has also increased by 10% to $ 400 million in the last 24 hours.
Total Value Locked (TVL) has remained stable in the referee in recent times, according to $ 2.8 billion of $ 2.8 billion at the beginning of November.
But that relative success has not equipped to success in terms of Token price, with ARB now 82% below the maximum 2024 record of $ 2.41.
This is partly due to tokens emissions; Since March 2024, the circulating supply has increased from 1,500 million to 4,400 million, which means that market capitalization has remained more stable than the price itself. Market capitalization is made by multiplying the circulating supply with the price of assets.
ARB was not the only file that appeared in Robinhood, it joins XRP, Shiba Inu (Shib) and Bonk (Bonk), all of which increased between 4.5% and 7% on Wednesday.
The extended increase of ARB compared to the other listed tokens could be due to the fact that it is the layer 2 leader in terms of total insured value (TVS) and user operations per second (UOPS), according to L2BEAT.
Meanwhile, XRP, despite having been appointed in the strategic reserve plans of the United States of Donald Trump, has only $ 80 million locked in its solo decentralized exchange XRPL, while Shib and Bonk and Memecoins centered on retail trade.
