CryptoSlate· Oluwapelumi Adejumo·· 9d agoSelected
Robinhood Chain generates $51.11 million in fees as Ethereum settlement costs total just $69,170
Original source: CryptoSlateRead original
AI brief
Robinhood Chain's trading volume surged from $526 million in July to $11.31 billion in September, generating $51.11 million in transaction fees. The operator retained approximately $45.93 million, while Ethereum incurred only $69,170 in settlement fees during the same period.
Why it matters
The report highlights how financial services companies can generate significant revenue by operating proprietary blockchains, while revealing that Ethereum captures minimal value from activity on built networks.
Source: CryptoSlate · cryptoslate.com