Bitmine Chairman Tom Lee said Robinhood Chain is quickly turning into a breakout product, with trading volume already exceeding that of many established crypto DEXs. In a post cited by BlockBeats on July 12, Lee said the chain uses ETH as its native gas token, prices all transaction fees in ETH, and settles those fees back to the Ethereum Layer 1 network. He argued that this structure makes ETH’s position in the onchain economy more visible. In his words, the idea that “ETH is money” is becoming increasingly clear. Lee’s comments focused on how Robinhood Chain’s fee design and settlement path keep Ethereum at the center of activity taking place on the network.
Bitmine Chairman Tom Lee said Robinhood Chain is rapidly becoming a breakout product, with trading volume surpassing many established crypto decentralized exchanges, according to BlockBeats on July 12.
Lee said Robinhood Chain uses ETH as its native gas token, with all transaction fees denominated in ETH and ultimately settled to the Ethereum Layer 1 network. He said that design makes ETH’s central role in the onchain economy more apparent, adding that “ETH is money” is becoming increasingly clear.
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