US-based trade app Robinhood (Hood) listed Arbitum (ARB) on Wednesday, led to a 12% increase in the Layer 2 network’s original token.

ARB is currently trading with $ 0.42 after falling to a low level of $ 0.35 on Tuesday. Trade volume has also risen by 10% to $ 400 million over the last 24 hours.

Total Value Locked (Tvl) has remained stable on Arbitum too late and stood at $ 2.8 billion after rising from $ 2.5 billion in early November, according to Defillama.

But the relative success has not been equated with success in terms of token price, with ARB now 82% down from 2024’s record high of $ 2.41.

This is due to partial token emissions; Since March 2024, circulating supply has risen from 1.5 billion to 4.4 billion, which means that market capital has remained more stable than the price itself. The market capital is prepared by multiplying circulating supply of asset price.

ARB was not the only token that was performed on Robinhood, it joins the XRP, Shiba Inu (Shib) and Bonk (Bonk), all of whom rose between 4.5% and 7% Wednesday.

The extended increase of ARB compared to the other listed tokens could be due to the fact that it is the leading LAG-2 network with regard to the total value secured (TVs) and user operations per day. Second (uss), according to L2Beat.

The XRP has meanwhile, despite being named Donald Trump’s US strategic reserve plans, only $ 80 million locked in his lonely XRPL DECENTAL EXCHANGE, while Shib and Bonk and retail-focused MEMECOINS.