$3.6M in a month? Here’s how Robinhood’s crypto bet is finally paying off
Robinhood [HOOD] is rising, and the way!
The success of its Ethereum [ETH] Layer 2 community is now proving how conventional finance firms may use blockchain to achieve new customers.
Robinhood Chain leads July L2 income
Robinhood Chain was the highest revenue-generating Layer 2 community in July, bringing in about $3.6 million, in line with Blockworks Analysis. That put it forward of Polygon PoS at $2.7 million and Base at $2.1 million.
The hole was even wider additional down the record. Arbitrum One generated round $533,000, whereas Starknet and Celo introduced in roughly $137,000 and $119,000. OP Mainnet recorded just below $39,000 for the month.
Right here, it’s additionally value noting that Robinhood Chain generated extra income than Base and Arbitrum mixed.
This, alongside Robinhood’s improve in crypto choices within the UK, with 50 new property.
$300 billion valuation? Potential!
