Arbitrum

24h change: +0.08%. From $0.109 to $0.1091.

• A Manhattan federal judge modified a restraining notice to allow Arbitrum DAO to vote on transferring approximately 30,766 ETH worth $71 million to Aave as part of recovery efforts following the April Kelp DAO exploit. The ruling shields governance participants from liability while preserving legal claims from North Korea terrorism judgment creditors seeking to attach the funds. Arbitrum delegates voted with over 90% support to approve the transfer, demonstrating active decentralized governance during a complex legal and financial crisis.
• ArbitrumDAO completed its biannual Security Council election, naming six new members to the 12-person body who officially assumed emergency protocol control on May 21, 2026. The newly elected cohort includes Michael Lewellen, DZack23, yoav.eth, Certora, bartek.eth, and Pablo Sabbatella. The transition comes as the Council handles the Kelp DAO exploit aftermath and frozen ETH governance decisions, marking a significant test of the network's decentralized emergency powers and governance structures.
• Robinhood launched a public testnet for Robinhood Chain in February 2026, an Ethereum Layer 2 built on Arbitrum technology designed for tokenized real-world assets and financial services. The testnet processed 4 million transactions in its first week. Separately, Arbitrum has emerged as a leader in real-world asset adoption with over $874 million in RWAs deployed on the network, including partnerships with Franklin Templeton, BlackRock, and WisdomTree through the DAO's STEP treasury program. This institutional activity positions Arbitrum at the convergence of traditional finance and blockchain infrastructure.