Standard Chartered says Arbitrum could outperform Bitcoin, Ether through 2030

Standard Chartered predicts that Arbitrum, a layer-2 network on the Ethereum blockchain, could outperform both Bitcoin and Ether through 2030 due to the growing trend of tokenization. Geoff Kendrick, the bank's global head of digital assets research, highlighted Robinhood Chain, a new platform developed by the online brokerage, as a key early indicator of this potential shift.

Since launching in July, Robinhood Chain has already generated $5 million in revenue for Arbitrum, more than five times its previous level. Kendrick expects Arbitrum's native ARB token to reach $10 by 2030, a roughly 70-fold increase from its current price of around $0.14. However, he notes that the biggest risks to this projection include a slower-than-expected pace of asset tokenization and increased competition from alternative blockchains.

Kendrick believes the biggest driver of Arbitrum's success will be the continued growth of tokenized real-world assets, which are currently valued at nearly $39 billion.