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Tom Lee: Robinhood’s explosive growth on the chain has further highlighted ETH’s on-chain monetary attributes.
BlockBeats, July 12: Bitmine chairman Tom Lee posted that Robinhood Chain is quickly becoming a phenomenon-level product, and its trading volume has already surpassed many established crypto DEXes.
Tom Lee noted that Robinhood Chain uses ETH as its native gas token; all transaction fees are denominated in ETH and ultimately settled on the Ethereum Layer 1 network. This design further highlights ETH’s core position in the on-chain economic system, as the point that “ETH is money” is becoming increasingly clear.