Robinhood Chain Sets Record with $3.75M Daily Fees

Rohanhood Chain, the Ethereum Layer 2 network built on Arbitrum's Orbit stack by brokerage giant Robinhood, has hit a record $3.75 million in user-paid fees in a single 24-hour period, according to DefiLlama data.

This spike translated into roughly $377,000 flowing directly to the Arbitrum DAO treasury in one day, under a revenue-sharing arrangement that is quickly becoming one of the more interesting economic experiments in crypto infrastructure.

Robinhood Chain has only been live since July 1, and cumulative fees have already surpassed $13 million in just two months of operation. The original pitch for Robinhood Chain leaned heavily on tokenized stocks and real-world assets, but so far, it looks like a memecoin casino.