Robinhood Chain Surpasses Ethereum and Hyperliquid L1 in App Revenue

Rising star Robinhood Chain has surpassed Ethereum and Hyperliquid L1 in a key metric, generating $2.66 million in app revenue over a 24-hour period.

This figure is nearly six times what Base generated on the same day, with a substantial portion of this revenue coming from three applications: Gmgn ($1.11 million), Pons ($930,587), and Uniswap ($306,877).

Despite its success in app revenue, Robinhood Chain still lags behind Hyperliquid in trading volume, which processed $8.9 billion in perpetual futures volume on July 13 compared to the $5.9 million posted by Robinhood Chain.