97% of L2 revenue concentrated in four chains as Ethereum captures little in fees
- —Ecosystem revenue hit $52.19 million this month, with 98.5% going to four chains
- —Robinhood Chain earned $39.06 million, Ethereum mainnet $7.32 million, Base $3.62 million
- —Robinhood Chain paid Ethereum about $18,000 in L1 fees over 30 days
- —Profit retention reached 100% for Robinhood Chain, 99.8% for Base and 99.6% for Arbitrum
Why it matters: The debate over how Ethereum should capture value from L2 growth is intensifying, as weak L1 fee flows undermine the bull case for ETH.
Source: TokenPost