ARB jumped another 40% today, and the core driver is still the Robinhood Chain narrative. Robinhood Chain uses Arbitrum technology and returns 10% of its net protocol revenue to the Arbitrum ecosystem, with 8% going into the DAO treasury. Recently, Robinhood Chain's single-day revenue once hit $1.92 million, with the Arbitrum DAO receiving approximately $176,000 on peak days. In the first half of the year, Arbitrum processed 478 million transactions, generating $6.19 million in DAO revenue, proving that this technology is finally moving beyond just storytelling and is actually starting to make money. However, this revenue currently only goes into the DAO treasury and hasn’t been explicitly allocated for buybacks, token burns, or distribution to token holders. Gas fees on Arbitrum One are still paid in ETH, and ARB remains primarily a governance token. While the chain and technology benefits are real, they haven’t yet directly impacted ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 tokens. This round of price increases is more about trading on future empowerment expectations, combined with low liquidity, FOMO buying, and short squeezes.