Tom Lee said Ethereum’s value proposition is gradually moving beyond simply capturing transaction fees. The network does not need to maximize gas fees or extract more value from projects operating on it to support growth, he said. ETH is also increasingly developing into a store-of-value asset, with users holding it because of its practical utility and potential to appreciate. Robinhood chose Ethereum as infrastructure for related business activities primarily because of its security and liquidity, rather than its lower transaction costs.