Robinhood Chain Surpasses Ethereum and Base in Daily Fee Revenue
Rapid Growth of Robinhood Chain Stuns Industry
The blockchain developed by Robinhood, launched in July 2026, has surpassed Ethereum and Base in daily fee revenue. By late August 2026, it generated approximately $2.66 million per day, compared to Ethereum's $1.57 million and Base's $439,000. This remarkable growth is attributed, in part, to a promotional gas subsidy that made transactions nearly free for users during the first three months.
The chain's adoption was swift, with over 7 million daily transactions within its first 11 days of operation. In its first full month, it generated around $3.6 million in transaction fees, accounting for about 38% of total fees across major L2 platforms during that period.
The economic structure of Robinhood Chain favors the company itself, with a 90% to 89% fee retention rate, leaving only 10% for Arbitrum and less than 1% for Ethereum settlement. The gas subsidy expired by September 2026, but its impact on the chain's growth is undeniable.
The emergence of Robinhood Chain as a leading Layer 2 network comes amidst an increasingly competitive landscape. Base, Coinbase's L2 solution, had been a standout performer before Robinhood's arrival, but it now lags behind by a significant margin, at least during Robinhood Chain's peak periods.