Bitcoin steadies above 50-day EMA, holds around $81,800
Bitcoin held its ground near $81,800 on Friday, staying above its 50-day EMA while momentum indicators remained mixed.
Arbitrum (ARB) surged 90% from its low after Robinhood Chain fees hit a record $4.45 million on Sept. 2.
From its June record low, the price of Arbitrum (ARB) has risen 90%. That rally picked up speed once Robinhood Chain fees hit a new peak of $4.45 million on Sept. 2.
According to BeInCrypto data, ARB is trading around $0.1316 following a 50% gain over the past week. Over that same timeframe, the network handling Robinhood Chain transactions generated negligible revenue.
Over the two days from Aug. 31 to Sept. 1, Robinhood Chain produced more than $10 million in fees, a 109% rise from session to session.
For much of August, daily fees remained under $400,000. The current rate therefore stands at more than 10 times the earlier record.
Robinhood went live with its network on Arbitrum in July, and the majority of its trading volume is routed through Uniswap.
Per the Arbitrum Expansion Program, Orbit chains contribute 8% of revenue to ArbitrumDAO and 2% to a developer guild. Using that 8% figure, around $320,000 would have gone to the DAO on Sept. 2 by itself.
The difference with Arbitrum One is pronounced. Over a 24-hour period, the network handled 1.94 million transactions but took in only 5.8 ETH in fees, equivalent to about $14,000.
As a result, Robinhood Chain earned roughly 320 times more than Arbitrum One on Sept. 2.
In other words, the newer network can match Arbitrum One's full daily fee revenue in less than five minutes.
Average transaction fees have dropped to $0.007, and Blockscout reported no pending transactions. With block times at 0.242 seconds, there is plenty of spare capacity for additional Orbit chains.
But capital has not tracked the activity. Total value locked (TVL) stands at about $1.37 billion, around two-thirds below its Oct. 2025 high of more than $4 billion.
The Foundation reported $6.19 million in total income for the first half of 2026, with 97% gross margins. If it keeps the Sept. 2 pace, Robinhood Chain would equal that amount in roughly 19 days.
Arbitrum still holds a bullish structure, though momentum has faded following the strong surge. ARB is changing hands near $0.132, having retreated from its recent peak around $0.145.
The initial important resistance lies in the $0.140β$0.145 range. A decisive move above that zone could clear a path to $0.150.
On the downside, the closest support is near $0.125β$0.127, near the 20-period EMA. If that support breaks, a more robust support area sits around $0.110β$0.114, where the 50-period EMA and prior breakout level converge.
The overall trend still appears solid. Short-term moving averages stay above longer-term ones, and the RSI has eased to about 62 after earlier reaching overbought levels. This leaves ARB with some room to rise further.
For the moment, the price action resembles consolidation following a strong breakout rather than a reversal of the trend.
Two September events might still challenge the uptrend. About 92.6 million ARB unlock on Sept. 16, and Robinhood's 90-day gas subsidy will end later that month.
Whether the rise in fees continues beyond the subsidy will determine if Arbitrum's price retains its gains or pulls back toward $0.1193.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Bitcoin held its ground near $81,800 on Friday, staying above its 50-day EMA while momentum indicators remained mixed.
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