Ethereum Chosen by Robinhood for Security and Liquidity

Tom Lee, chairman of BitMine, has made some interesting comments about why Robinhood chose Ethereum as its infrastructure base. According to Lee, the reason behind this decision was not low fees, but rather the network's deep liquidity and proven security.

Lee pointed out that Ethereum's value now extends beyond offering low transaction fees, which is no longer a unique selling point for the network. In fact, he said that Ethereum does not need higher gas fees or a larger share of revenue from projects on the network to continue growing.

Ethereum's role as an asset is changing, Lee noted, and it is increasingly evolving into a store of value (SoV). This means that users hold it because it has real-world utility and the potential to gain value over time.