Robinhood Chain Tops July Revenue Charts with $3.6 Million

Robinhood's blockchain venture has made a significant splash in its first full month of operation. According to data compiled by Blockworks Research, Robinhood Chain generated approximately $3.6 million in revenue during July, outperforming all other Ethereum Layer 2 networks.

This milestone marks a notable achievement for the trading platform's push into blockchain infrastructure and suggests that the network is gaining traction faster than many industry observers anticipated.

For comparison, Polygon PoS ranked second with roughly $2.7 million in revenue, while Base, backed by Coinbase (COIN), trailed behind with approximately $2.1 million. The gap between these networks and the rest of the list was considerable, with Arbitrum One collecting about $533,000, Starknet generating close to $137,000, Celo posting around $119,000, and OP Mainnet trailing with just under $39,000.