Robinhood Chain surpasses Ethereum and Base in fees

Robinhood’s own blockchain is now making more money per day than the network it’s built on top of. By late August 2026, Robinhood Chain was pulling in roughly $2.66 million in daily fee revenue, compared to Ethereum’s $1.57 million and Base’s $439,000. For a chain that launched barely two months prior, those numbers represent one of the fastest ascents in Layer 2 history. And the kicker: much of this growth was fueled by a promotional gas subsidy that made transactions effectively free for users. From zero to 7 million transactions in 11 days Robinhood Chain went live on July 1, 2026, built on Arbitrum Orbit technology. Within roughly ten days, the network was processing over 7 million daily transactions. In its first full month of operation, the chain generated approximately $3.6 million in transaction fees. That represented about 38% of total fees across major L2 platforms for the period. The economics are structured generously in Robinhood’s favor. The chain retains approximately 89% to 90% of all fee revenue it generates, with 10% flowing to Arbitrum and earmarked primarily for ARB token holders. Meanwhile, less than 1% of fees get routed back to Ethereum for settlement. In one...