[Ark Research Director: Only 0.15% of revenue generated by Robinhood Chain flows to Ethereum] Odaily Planet Daily News – Ark cryptocurrency research director Lorenzo Valente posted on X, stating that Robinhood Chain is the clearest case study for observing the evolution of the ETH economic model over time. Since its inception, Robinhood Chain has generated approximately $816,000 in revenue; as a middleware provider, Arbitrum took 10%, around $80,000; subsequently, Arbitrum paid settlement fees to the Ethereum mainnet, approximately $1,538. The profit distribution of this model is roughly as follows — Robinhood: 89%; Arbitrum: 10%; Ethereum: 0.15%. If your argument is "ETH as currency," then Robinhood building an L2 within the Ethereum ecosystem is a major positive. However, if your argument is "ETH as a revenue-generating asset," then this is an extremely bearish case.