Robinhood Chain Earns $4.5M, Pays Ethereum Just $398
The fee split shows how successful Ethereum Layer 2s can strengthen their own economics while leaving the base layer with a smaller share of activity revenue.
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The fee split shows how successful Ethereum Layer 2s can strengthen their own economics while leaving the base layer with a smaller share of activity revenue.
When the three majors all lag while long-tail names like HYPE, ZEC, and VVV lead, the rotation itself becomes the story — and it's a bearish read on L1 value accrual.