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BTC 
ETH Data shows that Ethereum performed better than Bitcoin this week, and Robinhood Chain has become a key turning point.
According to the latest data, Ethereum performed significantly better than Bitcoin and other mainstream altcoins this week, and its yield far exceeds Bitcoin. Analysis pointed out that this phenomenon is closely related to the second-layer network "Robinhood Chain" launched by American broker Robinhood in early July. The network runs based on Ethereum and handles more than US$800 million in daily transactions on Ethereum-based decentralized exchanges, which has a positive impact on Ethereum's price performance.
Currently, Robinhood Chain is seen as a key turning point for institutions to adopt Ethereum. However, uncertainty remains as to how this development will affect the value of Ethereum.
Industry experts 'opinion: Robinhood Chain is an important milestone in the development of Ethereum
Alex Gluchowski, a developer of Ethereum expansion platform ZKsync, said that the launch of Robinhood Chain is an important milestone in the development of Ethereum. He believes the move will transform Ethereum from a network used only by crypto projects to enterprise-level infrastructure that regulated public companies can use for commercial activities.
Max Shannon, a senior researcher at Bitwise, also pointed out that Robinhood Chain has had a very significant impact. He said Robinhood Chain's success could have a more significant and meaningful impact than other second-tier solutions. He added that the influx of large financial institutions into the Ethereum ecosystem is a strong signal confirming the adoption of Ethereum at the institutional level.
However, Shannon also pointed out that it is unclear whether the growth of Layer 2 networks will ultimately drive the value of Ethereum. He said that the increase in transaction volume and user activity alone cannot guarantee the increase in the value of Ethereum.
A Bitwise analyst emphasized that Ethereum's long-term value capture model depends both on the developer's approach and on the network's token economics. He added that while Robinhood Chain is an important step, it alone will not solve Ethereum's value-adding problem.
* This article does not constitute investment advice.
