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Robinhood Chain Launch Revives Debate Over Ethereum Value Capture

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2026-07-14 13:25:48
Robinhood Chain, an Ethereum layer-2 built with Arbitrum technology and using ether (ETH) as its native gas token, has drawn fresh scrutiny over whether Ethereum captures enough value from L2 activity. According to BeInCrypto, the chain launched on July 1, settles and stores records on Ethereum, and its public testnet processed more than 200 million transactions before mainnet, per the Arbitrum Foundation.

Within two weeks, Robinhood Chain ranked third in DEX volume at roughly $811 million daily, surpassing Ethereum. Ark Invest researcher Lorenzo Valente said the chain grossed about $816K in revenue, with Arbitrum taking ~10% and Ethereum receiving $1,538, or 0.15%.
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