Isn't this just... a pricing exercise? Like if the breakdown was Robinhood 80%, Arbitrum 10%, Ethereum 10%, this would look so much better. Consumers won't transact on Ethereum anyway, Ethereum should just charge more. https://x.com/LorenzoARK/status/2076792007184298076

Isn't this just... a pricing exercise? Like if the breakdown was Robinhood 80%, Arbitrum 10%, Ethereum 10%, this would look so much better. Consumers won't transact on Ethereum anyway, Ethereum should just charge more. https://x.com/LorenzoARK/status/2076792007184298076

The Robinhood Chain is the cleanest case study of what happened to ETH's economics over time. Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue. @Arbitrum, the middleware provider, takes 10%: ~$80K. Arbitrum then pays Ethereum for settlement: $1,538. The margin profile roughly:

Chainlink will likely generate more fee revenue from its position as the official data and cross-chain oracle for Robinhood Chain than Ethereum will generate in settlement and DA fees from the L2 Each official tokenized equity/ETF price feed on Robinhood Chain is a Chainlink SVR deployment, which i

如果未来出现几十甚至上百个类似 Robinhood链这样的 L2，大量用户和应用在 L2 上活跃，会显著增加对 ETH 的需求（gas、bridging、staking、流动性等）。 这样，“ETH 是货币”这个叙事就有望真正成功。 也就是说，ETH 的最终价值不主要取决于 L2 留给 L1 的费用规模，而在于这些 L2 整体耗费和锁定了多少 ETH。 即便如此，目前单个 L2（如 Robinhood）的费用分配中，以太坊 L1 捕获的比例不到 1%，这确实太低了。 一般而言，作为底层基础设施，L1 至少捕获 10-20% 左右的经济价值才更合理。 ETH 的安全预算不能这么“廉价”

Here’s Why Robinhood Chain Is Ultra Bullish for ETH Despite Cannibalizing Revenue

The Robinhood Chain is the cleanest case study of what happened to ETH's economics over time. Since inception, @RobinhoodApp Chain has grossed ~$816K in revenue. @Arbitrum, the middleware provider, takes 10%: ~$80K. Arbitrum then pays Ethereum for settlement: $1,538. The margin profile roughly:

Economics of block space trending to commodity because retail and institutional are treated the same https://x.com/lorenzoark/status/2076792007184298076