Ark Research Director: Only 0.15% of the Revenue Generated by Robinhood Chain Flows to Ethereum

According to Odaily, Ark Crypto Research Director Lorenzo Valente posted on X stating that Robinhood Chain is the clearest case study for observing the evolution of the ETH economic model over time.

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

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