Ark Research Director: Of the Revenue Generated by Robinhood Chain, Only 0.15% Flowed to Ethereum

Odaily Planet Daily News: Lorenzo Valente, Director of Cryptocurrency Research at Ark, posted on X stating that Robinhood Chain is the clearest case study for examining the evolution of the ETH economic model over time.

Since its inception, Robinhood Chain has generated a total revenue of approximately $816,000; Arbitrum, acting as the middleware provider, took a 10% cut, amounting to about $80,000; subsequently, Arbitrum paid settlement fees to the Ethereum mainnet, totaling roughly $1,538. The profit distribution structure of this model is generally as follows – Robinhood 89%; Arbitrum 10%; Ethereum 0.15%.

If your thesis is that "ETH is money," then Robinhood building an L2 within the Ethereum ecosystem is a major positive. However, if your thesis is that "ETH is an income-generating asset," then this represents an extremely bearish case.