Robinhood Chain Generates $816K Revenue Since July 1 Launch, Ethereum Captures Only $1,538

HOOD0.51%
ETH5.39%
ARB-1.93%
According to Ark Invest director Lorenzo Valente, Robinhood Chain has generated $816,000 in gross revenue since launching on July 1, with Robinhood capturing 89%, Arbitrum taking 10% as middleware provider, and Ethereum receiving only $1,538 (0.15%) for settlement. Valente described this as "ultra bullish" for ETH under the thesis that "ETH is money," noting that Robinhood chose Ethereum over monolithic layer-1 networks for stack customization, effectively validating Ethereum as the settlement layer. However, for those viewing ETH as a revenue-generating asset, the current split represents "the ultra-bear case." He suggested a healthier distribution of 75% to Robinhood, 10% to Arbitrum, and 15% to Ethereum. Since launch, 82,895 ETH (approximately $147.5 million) has been bridged to Robinhood Chain, according to Defillama. Despite these bullish narratives, ETH traded at $1,780 on July 14, down from resistance at $1,800, which has been hit six times in the past ten days.
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