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Robinhood unlikely to launch its own token as Ethereum already powers its new chain

Robinhood Chain uses ETH as its sole gas token on its new Arbitrum-based Layer-2, making a proprietary Robinhood token unnecessary, analysts say.

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Robinhood unlikely to launch its own token as Ethereum already powers its new chain

Robinhood Chain (Ethereum L2, live July 1) enables tokenized-equity trading using ETH as gas, forgoing a proprietary token. The decision cuts user friction, strengthens Ethereum's moat, and signals L2s can succeed without native tokens—a market-shifting choice.

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decrypt.co5 g fa

Robinhood Crypto Chief Explains Why There Are 'Two Wolves' Inside Robinhood Chain - Decrypt

Robinhood’s crypto chief says the company's layer-2 Robinhood Chain has already processed more than 200 million transactions.

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Robinhood unlikely to launch its own token as Ethereum already powers its new chain

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Robinhood unlikely to launch its own token as Ethereum already powers its new chain

Robinhood Crypto Chief Explains Why There Are 'Two Wolves' Inside Robinhood Chain - Decrypt

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Robinhood Crypto Chief Explains Why There Are 'Two Wolves' Inside Robinhood Chain - Decrypt

Robinhood unlikely to launch its own token as Ethereum already powers its new chain

Robinhood Chain surpasses 420K RWA holders in six weeks

Robinhood Chain tops Ethereum L2 revenue with $3.6M in first month