Key facts
- Standard Chartered forecasts Arbitrum's ARB token could reach $10 by 2030.
- The bank's forecast for ARB represents a potential 70-fold increase from current levels.
- Arbitrum's revenue is expected to reach $5 million in September, driven by projects like Robinhood Chain.
- Standard Chartered predicts tokenized assets will reach $4 trillion by the end of 2028.
- The bank forecasts ARB will outperform Bitcoin and Ether through 2030.
- Arbitrum's ARB token was trading at $0.1407 on Tuesday.
Standard Chartered has initiated coverage of Arbitrum (ARB), predicting a significant rally for the token, potentially reaching $10 by 2030. This forecast represents a nearly 70-fold increase from current trading levels.
Geoff Kendrick, global head of digital assets research at Standard Chartered, described Arbitrum as "the blockchain for TradFi," highlighting its role in helping traditional financial firms move assets on-chain to capitalize on the expected growth in tokenized assets. The bank estimates the tokenized assets market could expand to $4 trillion by the end of 2028, up from approximately $340 billion currently.
The report also anticipates that projects like Robinhood Chain, which utilize Arbitrum's technology and share revenue, will contribute to Arbitrum's revenue growth. Kendrick projected monthly revenue could reach about $5 million in September. He further forecast ARB price to reach $0.50 by the end of 2026 and $1.50 by 2027, with a further increase to $6.50 by 2029, consistent with a bull market.
Standard Chartered also expects ARB to outperform both Bitcoin (BTC) and Ethereum (ETH) over the forecast period, projecting BTC to reach $500,000 and ETH to $40,000 by 2030. Brendan Ma, head of investment strategy at Arbitrum Foundation, acknowledged the report as significant and noted Arbitrum's "unique advantage" in the tokenized equity market, which is projected to grow 250x by 2028.
Following the news of Standard Chartered's prediction, Arbitrum's price saw a surge of 3% within an hour and nearly 6% in the preceding hours. The token is currently trading at $0.1407, with trading volume increasing by 33% in the last 24 hours. Data from CoinGlass indicates a significant increase in buying activity in the derivatives market, with total ARB futures open interest climbing over 8% to nearly $190 million in the last four hours.