Bitcoin
Bitcoin Slips as Layer 2 Network Revenue Drives Arbitrum Outperformance
Bitcoin traded lower alongside other major assets while Arbitrum surged following sharp fee growth on the Robinhood Orbit chain.
Bitcoin slipped over a 24-hour period, moving lower in tandem with Ether as broader market momentum paused. In contrast to the weakness across leading cryptocurrencies, the layer 2 token Arbitrum rallied 26% to around $0.1101.
The divergence followed strong usage on Robinhood Chain, an Orbit network built with Arbitrum technology. The network generated $2.13 million in fees and $1.462 billion in decentralized exchange volume over 24 hours, sending revenue back to the Arbitrum ecosystem under shared protocol terms while major assets lost ground.
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