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Here’s Why Robinhood Chain Is Ultra Bullish for ETH Despite Cannibalizing Revenue
What happened
Robinhood Chain has generated $816,000 in gross revenue since launching on July 1, with 89% captured by Robinhood, 10% by Arbitrum as middleware, and only 0.15%, or $1,538, paid to Ethereum for settlement, which doesn’t sound great. Robinhood Chain is an EVM-compatible.
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