Ethereum L2 Strategy Faces Scrutiny as Robinhood Revenue Highlights L1 Capture Challenges

DeFi researcher Ignas noted that while Robinhood recently recorded over $6 million in daily fees, only a small fraction reached the Ethereum L1, despite 10% flowing through Arbitrum. Ignas suggested that Ethereum might be following a growth-at-all-costs model similar to Uber, aiming to attract traditional finance through L2s before eventually increasing fees once switching costs rise. However, the lack of a clear, articulated strategy in the Ethereum roadmap to monetize this ecosystem remains a point of concern.