Robinhood [HOOD] is growing, and how!
The success of its Ethereum [ETH] Layer 2 network is now proving how traditional finance companies could use blockchain to reach new users.
Robinhood Chain leads July L2 revenue
Robinhood Chain was the top revenue-generating Layer 2 network in July, bringing in about $3.6 million, according to Blockworks Research. That put it ahead of Polygon PoS at $2.7 million and Base at $2.1 million.
The gap was even wider further down the list. Arbitrum One generated around $533,000, while Starknet and Celo brought in roughly $137,000 and $119,000. OP Mainnet recorded just under $39,000 for the month.
Here, it’s also worth noting that Robinhood Chain generated more revenue than Base and Arbitrum combined.
This, alongside Robinhood’s increase in crypto offerings in the UK, with 50 new assets.
$300 billion valuation? Possible!