Ethereum Earned Less Than a 3-Month-Old Robinhood Chain Last Quarter
AI summary
ARK Invest's DeFi Quarterly shows Robinhood Chain generated about $51 million in network revenue in its first quarter, while Ethereum brought in roughly $41 million over the same period. Ethereum's network revenue also fell about 35% from the second quarter. The comparison highlights how quickly a new chain can out-earn Ethereum on fees, a competitive signal traders may weigh against ETH's valuation.
