Robinhood booked $51 million in blockchain fees against $69,000 in Ethereum settlement costs
AI summary
Bitwise's Q3 estimates show Robinhood generated $51 million in blockchain fees while Ethereum settlement costs totaled just $69,000. Most of the fees accrue to the operator before business expenses, with ARB and ETH offering different economic exposures. The figures highlight how much value a retail broker captures versus the underlying settlement layer, a relevant data point for traders weighing ETH and ARB economics.
