DeFi· ★★★· neutral·

Institutions managing €800B ask how crypto tokens actually earn

  • —Institutions with €800B in assets want a clear link between network activity and token value
  • —Robinhood Chain logged 793.7 million transactions and $51 million in fees in Q3
  • —74% of quarterly fees came in a 12-day window from Aug 30 to Sep 10
  • —ARB grants only DAO governance rights, with no direct claim on network revenue
Why it matters: Without a visible route from network revenue to token value, institutional capital may fund the infrastructure while skipping the tokens entirely.
Source: CryptoSlate