TechFlow reports, July 16, according to Cointelegraph, Robinhood Chain, an Ethereum Layer 2 network launched by Robinhood based on Arbitrum, quickly became one of the most active Rollups after going live on July 1, with over $141 million worth of ETH bridged in the first two weeks, over 500,000 wallets holding ETH, and 24-hour DEX trading volume surpassing Ethereum mainnet and Coinbase's Base.
Driven by this, ETH price rose from $1,582 on July 1 to $1,825 on July 13, an increase of about 15%. However, the focus of market controversy lies in whether L2 network growth can translate into ETH asset demand; currently, only about 0.6% of the Gas fees generated by Robinhood Chain flow back to the Ethereum mainnet, and the value accumulation mechanism remains to be verified.
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