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渣打银行给Arbitrum设定10 ARB目标价

2026-09-15 21:30:59
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Standard Chartered Bank covers ARB tokens for the first time, setting a target price of US$10 for 2030

Standard Chartered Bank announced the launch of the first coverage study on Arbitrum's ARB tokens and set a target price of US$10 for the end of 2030. The bank believes that revenue from enterprise-level chains such as Robinhood Chain is expected to enhance Arbitrum's economic model as financial institutions move their businesses onto the chain.

Standard Chartered Bank's forecast shows that ARB's target price at the end of 2026 is US$0.50, US$1.50 in 2027, US$3.50 in 2028, US$6.50 in 2029, and eventually reaching US$10 in 2030. Based on the market price of approximately US$0.13 at the time of the report, this final target price represents huge upside potential. It should be noted that the US$0.50 mentioned in some summaries is not the current market price of ARB, but the medium-term forecast value.

Enterprise revenue models become key drivers

Standard Chartered Bank's core research perspective is that Arbitrum is gradually becoming the infrastructure for financial companies that want to have their own blockchain network while retaining Arbitrum ecosystem technology. The bank noted that Arbitrum has a "unique advantage" in helping traditional financial institutions move operations onto the chain, and its business model is increasingly linked to the revenue generated by the chains that use its technology.

在此背景下,Robinhood Chain 成为了渣打银行预测中的重要组成部分。自 2026 年 7 月公开上线以来,该网络采用了“先部署后迁移”的模式:企业可先在 Arbitrum One 上部署产品,随后根据性能、治理或合规需求迁移至专用的 Arbitrum 链。

根据 Arbitrum 扩展计划(Expansion Program),在 Arbitrum One 和 Nova 之外结算的链需将其净协议收入的 10% 返还给 Arbitrum 生态系统。其中,8% 归入 Arbitrum DAO,2% 归入 Arbitrum Developer Guild。数据显示,在 Robinhood 上线后的 7 月份,扩展计划许可费占到了 DAO 收入的 35%。渣打银行估计,截至 9 月初,Robinhood Chain 日均费用收入约为 280 万美元,按此速率推算,Arbitrum 在 9 月预计将获得约 500 万美元的 AEP 费用。

代币化资产市场爆发预期

渣打银行 ARB 看多逻辑的第二支柱是对代币化金融资产快速增长的预期。该行预测,到 2028 年底,链上代币化资产总额将从目前的约 3400 亿美元增长至 4 万亿美元。其中,稳定币和代币化现实世界资产(RWA)各占一半。

具体到股票市场,新报告预测代币化股票市场规模将在 2028 年底达到 7500 亿美元。据 Arbitrum Foundation 的 Brendan Ma 描述,这相当于当前市场的约 250 倍扩张。独立数据显示,截至 9 月 12 日,RWA.xyz 追踪的分布式代币化股票价值为 28.5 亿美元,Robinhood 在其中占据了约 1.456 亿美元的价值份额,仅次于 Ondo、bStocks、Backed Finance 和 Securitize 等平台。

风险因素与展望

尽管前景乐观,但该行也指出了潜在风险。首先,ARB 持有者通过 Arbitrum DAO 进行治理,但该治理代币并不自动将网络收入直接分配给持有者,这种结构限制了代币的直接价值捕获能力。其次,代币化进程放缓、其他区块链网络的竞争以及监管环境的变化(如美国代币化股票规则和待决的 CLARITY Act)都可能影响最终估值。

在基准预测下,渣打银行预计 ARB 的表现将优于比特币和以太坊。该行同时预测比特币在 2026 年底将达到 10 万美元,2030 年达到 50 万美元;以太坊同期目标价分别为 4,000 美元和 40,000 美元。然而,这些预测基于对未来网络采用率、协议收入和估值的假设,并非保证的结果。

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