Robinhood Chain Leads Crypto Layer 2 Revenue in July

Riding high on its blockchain push, Robinhood's Ethereum Layer 2 network, known as Robinhood Chain, generated approximately $3.6 million in revenue during July.

This figure puts it ahead of every other Layer 2 network that month, with Polygon PoS coming in second place at around $2.7 million and Base earning roughly $2.1 million.

Arbitrum One trailed behind, bringing in about $533,000 for the month, while Starknet earned close to $137,000 and Celo garnered approximately $119,000.

The Robinhood Chain's July total even surpassed what Base and Arbitrum combined earned that month. This strong performance is a promising start for the network still in its early stages.