Robinhood Chain Surges Past Ethereum in Daily App Revenue

Robinhood Chain has surged to second place in daily application revenue among all blockchains, surpassing Ethereum with $2.66 million in a single day.

The blockchain network associated with the trading platform recorded an all-time high of 5.52 million daily transactions and $875 million in decentralized exchange volume over the past 30 days.

Meme coin activity on platforms like Pons, Uniswap, and GMGN accounted for approximately 88% of Robinhood Chain's total app revenue.

Ethereum's higher transaction fees and shift toward layer-2 scaling solutions may have contributed to the revenue shift, as users prefer faster and cheaper networks that cater to a broader audience.