Robinhood Chain Surpasses Ethereum Mainnet in Daily Fees

Robinhood Chain, an Ethereum Layer 2 network operated by brokerage firm Robinhood, has generated a record $3.75 million in user-paid transaction fees on September 1, 2026. This figure surpassed daily fee generation of both Ethereum mainnet and Coinbase's Base.

The chain, launched publicly on July 1, 2026, accumulated more than $13 million in cumulative fees within its first two months of operation. Decentralized exchange volume on the network exceeded $1.5 billion on September 1, while total value locked reached $750 million.

Robinhood Chain's rapid fee accrual stands out from other Layer 2 networks, which typically require multi-year timelines to reach comparable daily revenue levels. The chain routes a fixed share of net protocol revenue back to the Arbitrum ecosystem, with approximately $377,000 transferred in a single day on September 1.

The network's growth is largely driven by speculative trading and launchpad activity, with Uniswap deployments handling a substantial portion of the chain's total volume. The presence of integrated tools and bots further concentrated activity on the most liquid venues, sustaining the fee and volume prints.