Robinhood Chain Fees Hit Record High, Fueling Arbitrum's Growth

The Robinhood Chain reached a record transaction fee of $3.75 million on September 1, surpassing Ethereum mainnet and Base for the day.

This milestone pushed the two-month-old network ahead of its competitors, with every dollar collected feeding into Arbitrum's revenue share. The decentralized exchange (DEX) volume topped $1.5 billion, while total value locked reached over $750 million.

The Robinhood Chain, which launched on July 1, has seen significant growth since its inception. Its public testnet had registered over 200 million transactions before going live, and the chain's EVM compatibility made it an attractive platform for developers.