Robinhood Chain generates $5M in revenue in one day

Robinhood’s Ethereum Layer-2 blockchain generated roughly $4.6 million in daily revenue during a late-August spike, putting it on an annualized trajectory of approximately $1.7 billion. The surge places Robinhood Chain among the highest-revenue Layer-2 networks in the Ethereum ecosystem, a remarkable feat for a platform that launched its public mainnet on July 1, 2026. But the engine driving all that activity isn’t the tokenized stocks or real-world assets Robinhood pitched in its marketing. It’s memecoins. Inside the numbers The peak activity window hit around August 30-31, when applications running on Robinhood Chain pulled in approximately $2.66 million in revenue over a 24-hour period. That figure alone outpaced Ethereum’s total app revenue for the same day, placing Robinhood’s chain second only to Solana across all blockchains. On the infrastructure side, chain-level gas fees added another $1.07 million on that peak day. After subtracting what goes to Ethereum for settlement costs and the Arbitrum Expansion Program’s cut, Robinhood retained roughly $963,000 in net revenue from fees alone. Robinhood keeps 89-90% of all fees generated on the chain, with approximately 10% flowing...