Franklin Templeton, with $1.79 trillion under management, now has $56.10M of its BENJI money market fund on Arbitrum. That is more than the $48.35M of the fund on Ethereum, one of eight networks it runs on. @arbitrum

Robinhood Chain is only as strong as the people building on it. Supporting new builders is a top priority for us. Excited to partner with @arbitrum on cohort two of the mentorship program and see what new teams bring to Demo Day and, hopefully, our ecosystem.

Bumping this old tweet. My favorite analogy for the number of chains is TV channels. I expect there to be dozens of relevant chains, not millions. Also fun fact, when I wrote this post three years ago, I still used the mdash regularly, but sadly have since given it up 🤣

Offchain Labs CEO Steven Goldfeder says Arbitrum built its business model when making money was still taboo in crypto, recognizing that permissionless doesn’t mean free Steven: “I’ve lived long enough in crypto to remember a time where revenue was taboo. Making money, that sounds like something you shouldn’t be talking about. Everything should be free and open…” Robbie: “Public goods.” Steven: “Yeah, exactly. Everything should be public goods, and God forbid that anyone actually has a business model.” “But actually, we were very early on to understand that, no, for this protocol to succeed, it has to have a business model.” “And a business model actually has to be defendable, and not like, ‘Oh, pay me please, but you can also opt out and not pay me.’” “The way we’ve architected the Arbitrum revenue protocol and the licensing is: if you’re using the Arbitrum software, you don’t have to talk to me. You don’t need my permission. But you do have to pay the Arbitrum DAO, and that’s not something that’s negotiable.”

EXCLUSIVE: Steven Goldfeder & A.J. Warner On Big Banks Knocking & The Beginning Of A Revolution @ajwarner90 @sgoldfed @arbitrum @therollupco Timestamps: 00:00 Intro 02:09 Robinhood Europe Buys Apple Stock Onchain 04:23 How Arbitrum Landed Robinhood 06:06 Robinhood Chain Made $40M In September 09:14 USDG Live On Arbitrum 16:51 Arbitrum's Bet On Revenue 20:51 Buybacks Vs. Reinvesting In Growth 26:38 BitGet Tokenizes 1,900 Equities On Arbitrum 27:09 Arbitrum One Has The Most RWAs Of Any Chain 27:57 Large US Banks Knocking On Arbitrum's Door 29:54 The Visible Beginning Of A Revolution

NEW research report from $170 billion asset manager WisdomTree today on the @Arbitrum business model. This was shared by @WisdomTreeFunds with their clients this week as I joined their team to speak with representatives from 12 figures of managed AUM across roundtables and 1:1s in Europe. From these meetings, I heard one theme louder than everything: tokenization across financial assets is accelerating and allocators are looking for the blockchain networks that are indexed to the revenue opportunity from this buildout. In this note, WisdomTree tells its clients “to expect future enterprises to look at Arbitrum when launching their own network”. They continue “until recently, digital assets did not have revenue in a traditional sense that an analyst would recognise. That has changed quickly. Increasingly, networks and the applications on them are building durable revenue."

As crypto adoption explodes, Arbitrum is super well-positioned with diverse revenue lines: 1. 100% tx fees from Arbitrum One 2. Rev share from other Arbitrum L2s (including Robinhood Chain) 3. PGA and Fast Feed fees 4. $USDG yield 5. Treasury management/investment income

This. I’ve heard a variant of this argument countless times: “There are too many L2s. Way too much fragmentation. Here’s how my new L1 solves everything.” And I literally cannot make sense of this. A new L2 doesn’t add any more fragmentation than a new L1 does.

USDG is live on Arbitrum One 🧵 Before joining Arbitrum, I spent years on the builder side of the table, watching teams use & create demand for onchain dollars and get nothing back from stablecoin issuers. Now they can get a stake in the rewards without issuing a stablecoin.

For too long, Arbitrum has generated a ton of stablecoin demand and volume, but the DAO and the ecosystem have not directly benefited from the yield it generated. I’m excited for explosive $USDG growth on Arbitrum, and for a new line of revenue that gives the stablecoin yield back to the Arbitrum ecosystem.

Will be in Singapore this week spreading the Arbitrum story. The world’s largest institutions are coming onchain, and Arbitrum is the infrastructure of choice. If you’re reading this, you’re still early.

Two things every chain has to get right: * Fast execution * Blockspace that's priced efficiently PGA and Fast Feed are now live on Arbitrum One and do both. Better onchain experiences for apps and users, and a new revenue stream accruing directly to the token-controlled Arbitrum treasury.

Arbitrum posted $4.5M in DAO revenue this September, its strongest month since Dencun Separately, Robinhood Chain alone is now generating $20M annualized in licensing fees for Arbitrum Arbitrum szn is just getting started