Robinhood Chain Smashes Records on Sept 1 Fees

Robinhood Chain's transaction fees reached a record $3.75 million on September 1, pushing it ahead of Ethereum mainnet and Base for the day.

The revenue share from these fees goes back to Arbitrum, the stack that Robinhood Chain runs on, where every dollar counts as a 10% net protocol revenue contribution.

Decentralized exchange volume surpassed $1.5 billion, also a record, while total value locked was just over $750 million.

Robinhood Chain's public testnet had registered more than 200 million transactions before it went live on July 1, and the chain's EVM compatibility and day-one partners provided developers with a familiar surface to build on.