Rohanhood Chain Surges Past Ethereum in Daily App Revenue with Memecoin Frenzy
Rohanhood Chain's app revenue surged to $2.66 million on August 30, surpassing Ethereum's daily earnings and ranking second only to Solana's $5.07 million, according to DefiLlama data cited in a CoinDesk report.
The record activity was driven by memecoin trading tools, with applications like GMGN and Pons generating about $2 million of the chain's app revenue, while Uniswap contributed an additional $307,000. This represents nearly 88% of the total.
Rohanhood Chain processed 5.52 million transactions on August 30, an all-time high, with decentralized exchange trading reaching around $875 million. Pons, a platform for creating and trading tokens, saw over 22,600 new tokens launched in a single day, more than 40% higher than the previous day's count.
The memecoin tools have become a significant source of revenue for Rohanhood Chain, with many of these coins being speculative and built around jokes, animals, or internet trends. This has raised questions about whether the network can convert this speculative traffic into durable use of its tokenized-stocks products.