Ether Bridged to Robinhood Chain Tops $70 Million in First Week, Token Terminal Says

Ether bridged to Robinhood Chain exceeded $70 million in its first week, Token Terminal said. According to NS3.AI, the data point follows the July 1 launch of Robinhood Chain. Robinhood Chain is an EVM-compatible, Arbitrum-based layer-2 network that uses ETH as its native gas token. Token Terminal said that if adoption continues, the network could become a meaningful new source of demand for ETH.