Robinhood Chain Collected $4.5M in Daily Fees, Paid Ethereum Just $400An analysis published by...

Robinhood Chain Collected $4.5M in Daily Fees, Paid Ethereum Just $400An 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.

Source: Wu Blockchain