Robinhood Chain Surpasses Ethereum in Daily App Revenue

Robinhood Chain's daily application revenue surpassed Ethereum's on August 30, reaching $2.66 million in a single day according to DefiLlama data.

This milestone comes from an unexpected source: memecoin trading tools rather than tokenized stocks, which the network was designed to host.

The record activity is driven by launchpads for memecoins such as GMGN and Pons, with 22,600 new tokens launched on August 30, a 40% increase from the day before.

The three applications accounted for about 88% of Robinhood Chain's app revenue, including Uniswap contributing $307,000. The network processed 5.52 million transactions that day, an all-time high.