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Robinhood Chain goes live: in its first week, bridged ETH to the chain has exceeded $70 million
Uniswap founder Hayden Adams said that most trades on Robinhood Chain are priced in ETH. ETH is the chain’s primary trading pair, the asset with the highest trading volume, and the Gas token, and it also pays data storage fees by consuming ETH through Layer 1. Analysts believe that using ETH as the chain’s Gas token will create ongoing cyclical demand.