ARK Invest's Research Director, Lorenzo Valente, has criticized the revenue distribution on Robinhood Chain, highlighting that Ethereum, serving as the settlement layer, receives only 0.15% of the total revenue. Since its launch, Robinhood Chain has generated approximately $816,000, with Arbitrum taking a 10% share as a middleware provider, while Ethereum earned just $1,538. Valente argues that Ethereum's current pricing as a settlement layer is unreasonable and suggests a more equitable distribution would allocate 15% to Ethereum.
Valente further noted that Robinhood's choice of Ethereum was driven by its technical strengths and customization capabilities, rather than opting for a single Layer 1 solution like Solana or Sui. He emphasized that if Ethereum is viewed as a currency, Robinhood's integration is a positive signal, but if seen as a revenue-generating asset, the current scenario is bearish. Valente advocates for a revised profit structure, proposing Robinhood receive 75%, Arbitrum 10%, and Ethereum 15%.
ARK Invest Criticizes Ethereum's Revenue Share on Robinhood Chain
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