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$3.6M in a month? Here’s how Robinhood’s crypto bet is finally paying off
['Samyukhtha L Km', 'Written By', 'Reviewed By', 'Kelvin Murithi', 'Lennox Gitonga', 'Olayiwola Dolapo']
AMBCrypto
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 revenueRobinhood 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.
Arbitrum One generated around $533,000, while Starknet and Celo brought in roughly $137,000 and $119,000.
Here, it’s also worth noting that Robinhood Chain generated more revenue than Base and Arbitrum combined.