Robinhood Chain Fees Hit Record High Amid Memecoin Frenzy

Rapid growth has set Robinhood Chain's daily fee record at $6.04 million, according to DefiLlama data. This new high lifts its seven-day annualized revenue rate to approximately $1.1 billion, driven by memecoin trading and token launches.

The network retained around $5.44 million in chain revenue after deducting Ethereum settlement expenses and Robinhood Chain’s fee-sharing obligations to the Arbitrum ecosystem.

The rapid increase from September 2, when the chain collected $4.45 million in fees and retained $4.01 million, represents a 36% rise in revenue over the two periods.