Institutions managing €800 billion ask what crypto tokens actually earn
Arbitrum Foundation investment strategy head Brendan Ma said institutional allocators are asking how blockchain activity and partnerships translate into revenue and value for investable tokens. Institutions are exploring both crypto investments and products built on blockchain infrastructure, with interest expanding from stablecoins and Treasuries to private credit, equities and other assets. Robinhood Chain, an Ethereum layer-2 launched July 1 using Arbitrum technology, recorded 793.7 million transactions, $51 million in user fees and $591.4 million in application revenue through September. However, 74% of network fees came during a 12-day period, raising questions about sustained activity. ARB currently provides governance rights, so a stronger investment case would require a clear link between network revenue and token-holder returns.
