@RyanSAdams: Arbitrum generates revenue in ETH, holds 4th largest L2 treasury

Ryan S. Adams argues that Arbitrum is good for ETH, citing three points: it generates revenue in ETH by reselling Ethereum blockspace, it holds the fourth largest ETH treasury in the L2 category, and it provides users near-Ethereum-level property rights, ranking highest on the L2 beat. The post notes that the revenue has just passed 1k ETH through Timeboost, a new block ordering auction system. It also credits Arbitrum with bringing Robinhood into the Ethereum ecosystem and with a development team scaling EVM technology and Ethereum L1 clients.