Arbitrum surges 108% as smaller crypto tokens beat blue chips

  • Arbitrum led weekly cryptocurrency gains, rising 108.30% to $0.1755.
  • Dash gained 71.10% as investors rotated into privacy tokens.
  • Market capitalization increased from $2.61 trillion to $2.71 trillion last week.

The cryptocurrency market expanded last week, but smaller-cap tokens outperformed major assets. Arbitrum, the native token of Ethereum's Layer 2 (scaling network) network, led the market with a 108.30% seven-day gain to $0.1755, recorded at 12:40 a.m. EDT. Robinhood Chain, built using Arbitrum's technology, has experienced a sharp increase in daily fees, with 10% directed back to the Arbitrum ecosystem. Robinhood launched the Layer-2 chain in July around tokenized stocks, although memecoins have since become its main source of fees. Pons (PONS), a memecoin launchpad, rose 2,200% over the past month. Dash gained more than 70% last week as investors shifted toward privacy tokens, reaching $78, its highest level in nearly eight months. The market's larger assets posted more modest gains: Bitcoin rose 2.80%, Ethereum 3.80% and Solana 3.50%. Total cryptocurrency market capitalization increased nearly 4%, from $2.61 trillion to $2.71 trillion, extending momentum from August. CoinMarketCap's Crypto Fear and Greed Index showed prevailing market sentiment at "Greed."

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Arbitrum surges 108% as smaller crypto tokens beat blue chips - CoinPost Terminal