Robinhood Chain Sees $42.58M in First 70 Days, 90% Retained by Network

Robinhood Chain has generated $42.58 million in revenue during its first 70 days, according to data from blockchain intelligence platform Arkham.

The figures indicate an average daily revenue of around $608,000 and a significant presence of economic activity surrounding the Robinhood-launched blockchain.

A substantial portion of this revenue, approximately 90% or 15,454 ETH worth about $38.32 million, remained with the network itself, while 10%, or about 1,716 ETH valued at around $4.26 million, was paid to Arbitrum as the technology provider.

The revenue distribution provides an early glimpse into how institutional blockchain initiatives can allocate funds between the network operator and infrastructure supporting its technology.