# Arbitrum Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Arbitrum", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Kerbrat from Robinhood Promotes Tokenization While Memecoins Dominate Its Tokenless L2

Robinhood Crypto's senior vice president, Johann Kerbrat, has emphasized the company's focus on building the technical network infrastructure for tokenization, calling it "just the beginning," rather than on launching tokens. The centerpiece is Robinhood Chain, a tokenless, EVM-compatible layer-2 network built on Arbitrum technology, which settles on Ethereum and uses ETH for gas fees. The network's primary offering is stock tokens, providing 24/7 blockchain-based exposure to companies like Nvidia and Apple for users outside the U.S., though these tokens confer no legal shareholder rights. Despite its focus on tokenized real-world assets (RWAs), currently valued at around $12.81 million, memecoins overwhelmingly dominate trading volume on Robinhood Chain. Research indicates over 99% of trading volume comes from memecoins, with the network's mascot-inspired token, $CASHCAT, surging over 5,500% in a week. Kerbrat, who recently called assets without utility "not a long-term purpose," acknowledged the chain is also "great for memes." The network has seen significant growth since launch. DeFiLlama data shows a Total Value Locked (TVL) of approximately $536 million, a stablecoin market cap of around $634 million, and 24-hour DEX trading volume of about $440 million. Notably, Ethena's USDe stablecoin has grown to constitute nearly 43% of the network's stablecoins. In mid-July, the chain was processing over 7 million daily transactions, surpassing Coinbase's Base. Robinhood is currently covering gas fees for eligible wallet users on swaps, bridges, and perps, but this subsidy is set to end in September. Separately, Robinhood reported Q2 cryptocurrency transaction revenue of $100 million, a 38% year-over-year decline, while its prediction markets generated $156 million, exceeding crypto revenue for the first time.

cryptonews.ru08/15 20:08

Kerbrat from Robinhood Promotes Tokenization While Memecoins Dominate Its Tokenless L2

cryptonews.ru08/15 20:08

Selling Block Space Is No Longer Profitable, Arbitrum and MegaETH Venture into Applications

Selling block space is no longer a sustainable core business for blockchains, as it is easily commoditized and generates insufficient revenue to support their valuations, especially when compared to the high fees generated by applications built on them. This report, following up on the "Verticalization" thesis, examines how chains like Arbitrum, Polygon, MegaETH, and Sophon are adapting. It categorizes their strategies into two main paths: **Ecosystem Expansion** and **Product Expansion**. **Ecosystem Expansion** involves chains extending their reach by offering their technology stack to others. Examples include Arbitrum, which earns revenue from chains like Robinhood's L2 built on Arbitrum Stack, and Polygon, which is positioning itself as a payment chain for fintech. However, this model faces challenges, as seen with Optimism's revenue drop after Base left its Superchain, and often fails to translate chain success into sustained token value due to ongoing emissions. **Product Expansion** sees chains vertically integrating by building their own applications to capture more value internally. MegaETH shifted focus to developing first-party consumer apps and launched a native stablecoin, USDm, to capture yield. Similarly, Sophon pivoted from being an independent chain to becoming an application builder on Base. The goal is to directly own the lucrative application fee streams that typically don't flow back to the underlying chain. The conclusion is that with hundreds of chains offering similar block space, differentiation through liquidity alone is not enough. To justify high valuations and ensure sustainability, chains are moving beyond their foundational role. They are evolving into broader ecosystems or application builders themselves, actively working to internalize the value generated within their networks. This represents a pragmatic shift towards utility, where chains are becoming more than just infrastructure providers in a highly competitive landscape.

marsbit08/14 05:02

Selling Block Space Is No Longer Profitable, Arbitrum and MegaETH Venture into Applications

marsbit08/14 05:02

Interview with Robinhood Executive: Meme + Tokenized US Stocks as "Barbell" Customer Acquisition Strategy, All Business Lines Achieve Hundreds of Millions in Revenue

Interview with Robinhood executive Johann Kerbrat reveals the company's "barbell" customer acquisition strategy for its new Robinhood Chain, combining meme tokens with tokenized stocks. Three weeks after mainnet launch, the chain has seen over $3B in weekly DEX volume and 105M transactions. Kerbrat explains the logic behind the permissionless chain: meme tokens attract DeFi users, while tokenized real-world assets (RWA), currently over 90 US stocks and ETFs accessible in 120+ countries, serve global users. The goal is to bring Robinhood's 27 million funded accounts on-chain by simplifying DeFi with a user-friendly interface, exemplified by features like Robinhood Earn which offers yield without requiring wallet management. Built on Arbitrum's technology stack for its speed, low cost, and Ethereum's security, the chain focuses on financial products like Earn, spot trading, and perpetuals. Kerbrat downplays direct competition with platforms like Base, emphasizing the goal of expanding the overall market for on-chain assets. He details selective partnerships (e.g., Morpho, Lighter) based on compliance, unique UX, and differentiation. While regulatory clarity is pending for US perpetuals, the expansion continues via Bitstamp in Europe. Finally, Kerbrat positions Robinhood as a "super app" integrating stocks, options, crypto, banking, and AI trading, with all major business lines generating hundreds of millions in revenue. For the chain, current priority is driving adoption over maximizing gas fee revenue.

marsbit08/01 12:06

Interview with Robinhood Executive: Meme + Tokenized US Stocks as "Barbell" Customer Acquisition Strategy, All Business Lines Achieve Hundreds of Millions in Revenue

marsbit08/01 12:06

UNI Activates Fee Switch: Uniswap Completes Commercial Debut, Faces First Test in September

Uniswap's Fee Switch activation on V4 has driven a surge in protocol revenue, with daily income jumping from $118,000 to $318,000. The newly launched Robinhood Chain has become the primary contributor, accounting for over 52% of total revenue, largely fueled by meme coin trading. This revenue fuels a new tokenomic "flywheel": fees accumulate in a pool, incentivizing arbitrageurs to buy and burn UNI tokens, creating deflationary pressure and boosting the token's price. However, concerns loom beneath the surface. Uniswap's revenue is now highly concentrated and dependent on the speculative, volatile activity on Robinhood Chain, which is currently subsidized by free gas fees. This subsidy is set to expire in late September, posing a significant test for sustained transaction volume and, consequently, protocol revenue. Furthermore, UNI's high valuation faces pressure if growth expectations aren't met. Debate also centers on the Fee Switch's impact. While Uniswap founder Hayden Adams clarified that the protocol fee is an "add-on" for traders and does not cut into Liquidity Providers' (LPs) existing share, questions remain about whether higher overall trading costs could indirectly reduce volume and LP earnings over time. Despite these challenges, Uniswap's Fee Switch marks a major step in protocol monetization, with its long-term success hinging on cultivating more sustainable usage beyond speculative trading.

marsbit07/31 10:07

UNI Activates Fee Switch: Uniswap Completes Commercial Debut, Faces First Test in September

marsbit07/31 10:07

Robinhood Crypto Chief Reveals: 'Barbell' Customer Acquisition Strategy with Meme + Tokenized U.S. Stocks, Each Business Line Already Generates Billions in Revenue

Robinhood's Crypto Strategy: Leveraging Memes and Tokenized Stocks as a Dual-Pronged User Acquisition Strategy Robinhood Crypto GM Johann Kerbrat outlines the platform's "barbell" strategy for its new chain, launched three weeks ago. This approach targets two distinct user bases simultaneously: meme coin traders and those seeking exposure to tokenized real-world assets (RWAs), particularly U.S. stocks. The chain, built on Arbitrum technology, prioritizes accessibility and aims to onboard Robinhood's 27 million funded accounts. The vision is to fuse DeFi's benefits (like 24/7 trading and yield) with CeFi's user-friendly experience, eliminating wallet complexities. Key products like "Robinhood Earn" (for stablecoin yields) and tokenized stocks (available in 120+ countries) exemplify this hybrid model. Kerbrat downplays direct competition with Coinbase's Base, emphasizing growing the overall market for tokenized assets instead. Future plans include expanding RWA offerings to international stocks and private markets, positioning Robinhood's app as a comprehensive "super app" for diverse financial needs, from trading and banking to financial education. While all business lines currently generate significant revenue, the chain's immediate focus is on optimizing user adoption over maximizing direct revenue from transaction fees.

marsbit07/28 15:12

Robinhood Crypto Chief Reveals: 'Barbell' Customer Acquisition Strategy with Meme + Tokenized U.S. Stocks, Each Business Line Already Generates Billions in Revenue

marsbit07/28 15:12

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