Robinhood Chain Surpasses Ethereum in Daily Revenue

Robinhood Chain's daily app revenue has surpassed Ethereum's, reaching $2.66 million in 24 hours, according to DefiLlama data cited by CoinDesk.

This is a striking milestone for a network that only went live at the start of July and marks a significant shift from its original use case as a market for tokenized stocks onchain.

The network processed 5.52 million transactions on August 30, an all-time high, with decentralized exchange trading hitting roughly $875 million over the same stretch.

The dominant role of Uniswap and Pons in trading and token creation is driving this growth, with GMGN, a memecoin trading tool, along with the token-launch platform Pons and the decentralized exchange Uniswap, generating about 88% of Robinhood Chain's total revenue.