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Robinhood Chain collects $4.5 million in daily fees, pays Ethereum only $398

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🚨 Robinhood Chain took in $4.5 million in user fees, passing only $398 to Ethereum on September 3.
🤑 Almost all fee revenue stayed with the Layer 2, highlighting the changing business model.
⚡️ Transaction spikes partly came from memecoin mania and incentives, not just organic transfers.
📈 The L2 model means growth in $ETH activity does not guarantee more revenue for the mainnet.

Continue Reading:Robinhood Chain collects $4.5 million in daily fees, pays Ethereum only $398

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