Robinhood Chain generates $42M in revenue in 70 days, mostly from memecoins

Robinhood’s blockchain experiment is generating serious cash. The Robinhood Chain, a Layer-2 network that launched its mainnet on July 1, has pulled in 17,171 ETH, worth roughly $42.58 million, in just 70 days of operation. That works out to approximately $608,000 in daily revenue. For context, the chain has at times surpassed Ethereum itself in daily app revenue, peaking at $2.66 million on its best day. Where the money actually comes from Robinhood originally positioned its chain as a home for tokenized stocks and real-world assets. The primary revenue driver has been memecoin activity, particularly through a launchpad called Pons and trading tools like GMGN. Instead of tokenized Tesla shares, Robinhood Chain became a casino with really good infrastructure. The chain’s total value locked has climbed past $1.5 billion, while decentralized exchange volume has exceeded $50 billion. The economics: who gets paid Robinhood Chain is built on Arbitrum’s Orbit stack, which means there’s a revenue-sharing arrangement baked into the architecture. Robinhood keeps roughly 90% of the fees generated, translating to about $38.32 million of the total haul. Arbitrum takes home the remaining 10%, o...