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Robinhood Chain revenue surpasses Ethereum in 24-hour snapshot
Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum technology, has experienced a massive surge in activity, briefly surpassing Ethereum and Hyperliquid in daily application revenue. On August 31, the network recorded approximately $2.66 million in daily app revenue, trailing only Solana in the broader blockchain market.
This revenue spike was largely driven by speculative activity in memecoins rather than the network's original focus on tokenized stocks and real-world assets. Three primary protocols accounted for roughly 88% of the total revenue: the Telegram-based trading bot GMGN, the token launchpad Pons, and the decentralized exchange Uniswap.
In addition to revenue growth, the network hit record transaction and volume milestones. Decentralized exchange (DEX) volume reached nearly $1 billion in a single day, and the total value locked (TVL) climbed to approximately $708 million. Because the chain utilizes the Arbitrum stack, 10% of its net protocol revenue is routed back to the Arbitrum ecosystem, contributing to a significant rally in the price of the ARB token.
Entities
Ethereum · Hyperliquid · Hyperliquid L1 · Pons · Robinhood Chain · Solana · Uniswap
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Robinhood Chain generated $2.66 million in application revenue over a 24-hour period on August 31. crypto.news · siamblockchain.com · www.cryptopolitan.com
- [DISPUTED] Over a 30-day period, Robinhood Chain trailed behind Hyperliquid L1 and Ethereum in total application revenue. crypto.news
- [○ 1 SOURCE] The Pons launchpad accounted for $445.98 million in token volume, representing roughly 51% of the chain's total daily volume. www.cryptopolitan.com
- [● 2 SOURCES] Robinhood Chain's 24-hour revenue surpassed Hyperliquid L1 ($1.7 million) and Ethereum ($1.27 million). siamblockchain.com
- [● 2 SOURCES] Robinhood Chain's daily application revenue was approximately 6.1 times higher than that of Base. crypto.news
- [● 5 SOURCES] Three applications—GMGN, Pons, and Uniswap—accounted for approximately 88% to 93% of the chain's daily revenue. crypto.news · siamblockchain.com · www.cryptopolitan.com
- [DISPUTED] The 24-hour revenue figure for Robinhood Chain exceeded that of Hyperliquid L1, Ethereum, and Base. crypto.news · siamblockchain.com
- [○ 1 SOURCE] The network recorded $874.8 million in DEX volume and over 5.5 million daily transactions. www.cryptopolitan.com