Eli5DeFi
@Eli5defi
Visual Information Layer of Technology | TG Channel ➠ | Substack ➠ | All Posts NFA + DYOR
Joined January 2022
7.6K Following 47.8K Followers
There is a reason why they called Robinhood.
Hood morning.
Robinhood Chain Collected $4.5M in Daily Fees, Paid Ethereum Just $400
An analysis published by South Korean outlet Digital Asset highlights the gap between Robinhood Chain’s growth and the economic value captured by Ethereum. According to Bitquery, Robinhood Chain collected approximately $4.5 million in transaction fees on September 3 while paying Ethereum just $398 in data posting and proof costs. The analysis argues that growing Layer 2 activity does not necessarily translate into proportional revenue for Ethereum, as much of the fee revenue remains within the L2 ecosystem.
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