Robinhood Chain Achieves $2.66M in Daily App Revenue, Surpassing Ethereum
- On August 31, Robinhood Chain recorded $2.66 million in app revenue, outperforming Ethereum ($1.28M) and Hyperliquid L1 ($1.70M).
- The top three protocols—GMGN ($803K), Pons ($632K), and Uniswap ($235K)—accounted for approximately 88% of the total revenue.
- Robinhood Chain also generated $495K in net gas revenue after costs, benefiting directly the company rather than ETH stakers.
- Despite this daily spike, Robinhood Chain’s total app revenue over the past month stands at $23.23 million compared to Hyperliquid’s $53.41 million.
- Robinhood Chain launched on July 1 as an Ethereum Layer-2 solution built on the Arbitrum Orbit stack.
The recent performance highlights Robinhood Chain’s potential to attract significant fee-generating activities, although it remains concentrated among a few applications. This daily revenue spike does not indicate a long-term trend against established players like Hyperliquid.
Overall, Robinhood Chain’s achievement of $2.66 million in daily app revenue marks a notable moment for HOOD investors amidst ongoing challenges in crypto trading revenues.(Source)
