Standard Chartered Forecasts Significant Growth for Arbitrum (ARB) by 2030
- Standard Chartered predicts Arbitrum (ARB) could reach $10 by the end of 2030, a nearly 70-fold increase from current levels.
- The bank estimates the market for tokenized assets may grow to $4 trillion by the end of 2028, up from approximately $340 billion today.
- Monthly revenue for Arbitrum could rise to about $5 million in September, driven by projects like Robinhood Chain utilizing its technology.
- ARB price is currently trading at $0.1407 following a significant rally of about 175% in early September.
- Open interest in ARB futures increased over 8% to nearly $190 million, indicating bullish sentiment among traders.
The projections from Standard Chartered highlight Ethereum Layer-2 solutions like Arbitrum as pivotal for traditional finance’s transition to on-chain operations, particularly with the anticipated growth in tokenization.
With an expected ARB price target of $1.50 next year and potential future highs, Standard Chartered anticipates that Bitcoin and Ethereum will be outperformed by Arbitrum during this period.(Source)
