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

Source: https://x.com/RyanSAdams/status/1947634354580041893
Kiwi News: https://news.kiwistand.com/stories/RyanSAdams-Arbitrum-generates-revenue-in-ETH-holds-4th-largest-L2-treasury?index=0x687f83f161034a0fa7bdb9495fd247eb25d4da826d4707078d32a4eda5990221a715d534
Submitted by pedrovilela.eth on 2025-07-22 UTC, 5 upvotes, 0 comments

## Summary

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.

## Article

Arbitrum:

1) Generates revenue in ETH by reselling Ethereum blockspace (e.g. just passed 1k ETH via new block ordering auction system called Timeboost)

2) Uses ETH as a store of value (4th largest ETH treasury holdings in L2 category)

3) Provides users near Ethereum level property rights (highest ranked on L2 beat)

In addition to this - they've brought Robinhood into the Ethereum fold and have a powerhouse dev team scaling EVM tech and Ethereum L1 clients.

This is good for ETH.

Ethereum = world ledger
ETH = world reserve asset