Robinhood Chain Surges Past Ethereum in Daily Revenue

Ryan Roberts' two-month-old network, Robinhood Chain, has surpassed Ethereum and Hyperliquid in daily application revenue, reaching $2.66 million on August 31, according to DeFiLlama.

This is a significant milestone for the Arbitrum-based Ethereum Layer 2 network, which describes itself as infrastructure for financial services and tokenized real-world assets, with Stock Tokens among its flagship products.

The revenue surge comes alongside an acceleration in activity on the platform, with approximately $1.34 billion in decentralized-exchange volume over 24 hours and a seven-day DEX volume of nearly $6.16 billion, up 79% from the previous period.