Bitmine Chairman Tom Lee said Robinhood selected Ethereum as the infrastructure for its related business primarily because of the network’s security and liquidity, rather than low transaction fees. He said Ethereum’s value proposition is increasingly extending beyond collecting transaction revenue and does not depend on maximizing Gas fees or extracting more value from projects operating on the network. Lee also said ETH is gradually developing into a store-of-value asset because users hold it for its practical utility and potential to appreciate.