Robinhood Chain Surpasses Majors in Revenue Amid Trading Frenzy
Robinhood Chain has taken the top spot in DefiLlama's revenue ranking, but its $4.01 million day is not solely due to stock tokens.
The data shows that gas fees accounted for a significant portion of chain revenue, with users paying ETH to send transactions and interact with applications on the network.
Additionally, trading apps generated large user fees, with Uniswap leading the way at $8.92 million in swap-fee total paid by traders.
The Arbitrum Expansion Program receives 10% of Robinhood Chain's net revenue, which is then directed to the Arbitrum DAO treasury and a developer fund.