---
title: "Robinhood's new blockchain has been a smash success. Here's why that's bearish for Ethereum."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293820741.md"
description: "The second-biggest cryptocurrency isn't gaining much for the load it's now helping to carry."
datetime: "2026-07-25T11:00:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293820741.md)
  - [en](https://longbridge.com/en/news/293820741.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293820741.md)
---

# Robinhood's new blockchain has been a smash success. Here's why that's bearish for Ethereum.

The second-biggest cryptocurrency isn't gaining much for the load it's now helping to carry.

### Related Stocks

- [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md)
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## Related News & Research

- [Bitmine Buys 7,391 ETH for $14.3 Million, BMNR Down 2%: What's Going On?](https://longbridge.com/en/news/295422739.md)
- [BitMine Expands Ethereum Treasury Amid Aggressive Share Buybacks](https://longbridge.com/en/news/295414316.md)
- [Fidelity Ethereum Fund Expands Ether Staking With Anchorage Digital, BitGo, and Revised Sponsor Terms](https://longbridge.com/en/news/295438250.md)
- [Vitalik Buterin puts privacy and quantum resistance front and center in Ethereum’s latest roadmap](https://longbridge.com/en/news/295430858.md)
- [SharpLink CEO Warns Against New Ethereum Network Proposal EIP-8363](https://longbridge.com/en/news/295307613.md)