A major outage and corporate backlash hit Robinhood Chain at the peak of its growth

Robinhood Chain’s rapid growth ran into two problems at once on Sept. 4 as the network briefly stopped producing blocks while AMC challenged its fast-growing Stock Token business.On Sept. 4, the Ethereum layer-2 network halted block production for at least 14 minutes, stalling transactions before activity began recovering. Robinhood had not publicly disclosed the cause of the interruption at the time of publication.The outage came roughly two months after the network’s public mainnet launch.Robinhood Chain’s rapid growth raises the stakesThe disruption comes after Robinhood Chain rapidly emerged as one of crypto’s highest-earning networks, making even a brief interruption in block production more significant.The network has generated about $23 million in cumulative fees, including roughly $4 million in a recent 24-hour period, Entropy Advisors’ Tom Wan said. Token Terminal separately estimated that Robinhood Chain accounted for 78.5% of layer-2 blockchain revenue over the past 30 days.At its recent pace, Robinhood Chain’s revenue would annualize to roughly $1.7 billion. That figure extrapolates a short period of elevated activity rather than representing a formal revenue forecast, ...