$BTC Hey old iron crew, Arbitrum DAO announced that its first-half revenue reached $6.2 million. The key point is that after the Robinhood Chain went live, 35% of July’s revenue came from license fees. Take a look at this—while it’s an increase at the protocol layer, we old bagholders still need to stay calm. This data shows that cash flow is coming in at the application layer, but higher DAO revenue doesn’t necessarily mean BTC or other coin prices will definitely rise—after all, it’s still just one figure at the basic application layer. Let’s watch from the sidelines for now; once these revenues are truly turned into incentives and ecosystem development, then we’ll talk. This round still doesn’t have any obvious “getting on board” signals.

(Source: theblock)
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