Robinbridge said on July 23 that it has officially joined the Robinhood ecosystem and rolled out a real-time bridge route for ETH moving from Robinhood Chain back to Ethereum mainnet. The protocol said the fee can be as low as 0.5%, which it described as the lowest rate available across the market for this type of transfer. The move is aimed at cutting the cost for users who want to bridge assets from Robinhood Chain back to Ethereum and other networks. According to the announcement, average fees for moving assets from the Robinhood ecosystem back to mainnet are generally above 2% in the current market. The update also comes weeks after Robinhood Chain, an Ethereum Layer 2 network launched by Robinhood on July 1, went live. In its first week, the network processed more than $70 million in bridged ETH volume.
Robinbridge said on July 23 that it has officially joined the Robinhood ecosystem and launched a real-time cross-chain service for ETH transfers from Robinhood Chain to the Ethereum mainnet, with fees as low as 0.5%.
The cross-chain infrastructure protocol said the rate is the lowest available across the market. The service is designed to reduce the cost of moving assets from Robinhood Chain back to Ethereum mainnet and other networks. Current market fees for bridging assets from the Robinhood ecosystem back to mainnet are generally above 2%, according to the announcement.
Robinhood Chain, the network referenced in the update, is an Ethereum Layer 2 launched by Robinhood on July 1. In its first week after launch, the chain recorded more than $70 million in bridged ETH volume.
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