Svmuu News: Lorenzo Valente, Director of Cryptocurrency Research at Ark, posted on X stating that the Robinhood Chain is the clearest example for studying the evolution of the ETH economic model over time.
Since its inception, the Robinhood Chain has generated a total of approximately $816,000 in revenue;Arbitrum, as the middleware provider, took a 10% cut—approximately $80,000; Arbitrum then paid settlement fees to the Ethereum mainnet, totaling about $1,538. The profit distribution breakdown for this model is roughly as follows: Robinhood 89%; Arbitrum 10%; Ethereum 0.15%.
If your argument is that “ETH is a currency,” then Robinhood building a Layer 2 within the Ethereum ecosystem is a major positive. However, if your argument is that “ETH is an asset that generates income,” then this is an extremely negative scenario.