Robinhood Chain Boasts $42M in Revenue Over First 70 Days

Roland Arnold's Robinhood Chain has generated a significant amount of revenue in its first 70 days since mainnet launch on July 1. According to onchain data, the network earned approximately $42.58 million, with an average daily revenue of around $608,000. The revenue is split between Robinhood Chain and Arbitrum, with about 90% going to Robinhood Chain, worth $38.32 million.

The figures indicate a rapid growth in economic footprint for the network. Trading activity has been driving this growth, with decentralized exchange volume surpassing $1.5 billion on September 1 and reaching above $3 billion per day soon after. Uniswap captured the majority of trading during peak sessions.

Roland Arnold's Robinhood Chain is also processing millions of transactions daily. Growthepie data showed around 7.5 million transactions and 345,700 active addresses on September 7. However, it's essential to note that Robinhood is subsidizing gas fees for eligible Robinhood Wallet transactions during the network's first 90 days.