Ark Research Director: Of the revenue generated by Robinhood Chain, only 0.15% flows to Ethereum

Odaily News Ark cryptocurrency research director Lorenzo Valente posted on X, stating that Robinhood Chain is the clearest case for studying 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 a middleware provider, took a 10% cut, about $80,000; Arbitrum then paid settlement fees to the Ethereum mainnet, totaling 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 major positive. However, if your thesis is "ETH is an income-generating asset," then this is an extremely bearish case.