Robinhood Chain just flipped Solana in daily revenue, and the free ride ends in 27 days

A two-month-old Layer 2 chain is out-earning every blockchain on Earth, powered by a memecoin casino and a gas subsidy that expires at the end of September. Summary Robinhood Chain generated $4.01 million in chain revenue on Sept. 2, 2026, exceeding Solana ($81,714), Ethereum, and Tron on the same DeFiLlama leaderboard. Cumulative DEX volume crossed $47 billion in under two months, ranking fifth among all chains by 30-day volume at $15 billion, but the majority of that activity flows through memecoin launchpad Pons and trading bot GMGN rather than the tokenized stocks Robinhood pitched at launch. The 90-day gas subsidy covering all Robinhood Wallet transactions expires on Sept. 29, meaning users currently paying zero for trades will face real costs for the first time. Pons collected $4.89 million in fees on Aug. 31 alone, surpassing Solana pump.fun every day since Aug. 29, while launching roughly 22,600 new tokens in a single day at peak. Arbitrum collects 10 percent of net sequencer revenue from Robinhood Chain, sending an estimated $377,000 to its DAO treasury on the record-breaking Sept. 1 fee day alone. Two months ago, Robinhood launched a blockchain. The pitch was regulated, 2...