Robinhood Chain Revenue Hits $42M in First 70 Days Amidst Crypto Market Uncertainty
The Robinhood Chain has generated $42.58 million in revenue over its first 70 days of operation, collecting an average daily pace of $608,000.
During this period, the platform retained 90% of the collected ETH, totaling 15,454 tokens, while Arbitrum took the remaining 10%, or 1,716 ETH.
The revenue flow coincides with ETH trading at $2459.3 below its EMA50 resistance and above its EMA200 support levels.
ETH price prediction models now factor in potential further downside before any recovery, while crypto market crash risks remain elevated.