Robinhood Chain Crushes Competitors with Record-Breaking Volumes and Fees
The Robinhood Chain has reached new heights in September, surpassing other major chains like Ethereum and Solana in daily trading volumes. According to Dune Analytics, meme coins and stock pairs drove a record-breaking $217.6 million in daily volumes on September 1.
This surge was led by the HOOD stock price, which defended its $100 level after retreating from last week's peak of $112.45. Meanwhile, total daily trading volume on the network reached an all-time high of $389.5 million, with 202 tokenized assets contributing to the growth.
The Robinhood Chain also edged out its competitors in chain revenue, thanks to a significant spike in fees on September 1. The network achieved $3.75 million in daily fees, exceeding Ethereum's daily fees by more than 10 times and surpassing Solana's by almost four times.