Ethereum · Donald Trump · Cointelegraph
Robinhood Chain’s launch is arguably different
Compiled by KHAO Editorial — aggregated from 1 source + 2 references discovered via search. See llms.txt for citation guidance.
◌ Single Source
Within days of launch, it already accounted for 6.9% of all tokenized stockholders, according to data from Token Terminal.
Key facts
- Ether has pumped on the news, gaining around 15% from $1,582 on July 1 to $1,825 by July 13, according to Coingecko data, following a wave of bullish comments
- World Liberty Financial’s Eric Trump posted on July 11, “ETH is pumping hard
- More than $141 million in Ether was bridged onto the chain in its first two weeks
- Within days of launch, it already accounted for 6.9% of all tokenized stockholders, according to data from Token Terminal
Summary
Surging volumes on Robinhood Chain could be good for Ethereum, but only if the “ETH is money” crowd turn out to be right. Robinhood Chain’s explosive launch this month has reignited one of Ethereum’s longest-running debates: Do successful layer-2 networks increase demand for ETH, the asset, or do the new entrants capture all of the value for themselves? The retail brokerage’s Arbitrum-based Ethereum L2 has become one of Ethereum’s busiest rollups since its launch on July 1. More than $141 million in Ether was bridged onto the chain in its first two weeks. Ether has pumped on the news, gaining around 15% from $1,582 on July 1 to $1,825 by July 13, according to Coingecko data, following a wave of bullish comments.