Blockworks, as a Tier 1 crypto research institution, even made such a basic mistake. Time to demystify these so-called research institutions. They incorrectly classified @0xPolygon as an Ethereum L2 and concluded that @RobinhoodApp Chain had the highest cumulative REV in July, accounting for 38% of all L2 revenue. But strictly speaking, Polygon PoS isn’t an Ethereum L2—it’s a sidechain with its own validator set and consensus mechanism. After excluding Polygon, RH Chain’s revenue share isn’t just 38%; it’s as high as 53%. Single-handedly holding up half of the L2 revenue landscape.