Robinhood Chain Generates More Daily App Revenue Than Ethereum

Robinhood Chain, the Arbitrum‑based network launched by Robinhood, recorded $2.66 million in application revenue over a 24‑hour period, surpassing Ethereum’s $1.28 million for the same window. The figure reflects earnings that remain with the applications after excluding stablecoin issuers, liquid‑staking protocols and gas fees.

Revenue Rankings

According to DefiLlama data, the daily app revenue hierarchy was:

• Solana – $5.07 million
• Robinhood Chain – $2.66 million
• Hyperliquid – $1.70 million
• BNB Chain – $886,126
• Base – $438,882

Memecoin Launchpad Drives the Numbers

The primary source of Robinhood Chain’s revenue is the Pons memecoin launchpad, which collected $5.34 million in fees over the past 24 hours and $16.77 million over seven days. The platform’s V2 contracts retain 30 % of swap fees from Curve and Uniswap V4 pools and charge a flat fee of 0.0005 ETH per token launch. Approximately 80 % of the earlier‑stage (V1) revenue is used for buybacks and burns of the PONS token.

PONS traded at $0.32, up 13.7 % in the last day and 313.6 % over the week, giving it a market cap of roughly $230 million.

Other Fee Contributors

• Trading bot GMGN – $956,450 in fees (24 h)
• Uniswap V4 – $2.68 million in fees (24 h)
• Uniswap V3 – $1.45 million in fees (24 h)

The chain processed $1.03 billion in decentralized‑exchange volume in the same 24‑hour period, a 12.1 % increase from the previous day.

Comparison Over Longer Periods

While Robinhood Chain leads Ethereum on a single‑day basis, Ethereum maintains higher revenue over longer windows: $11.91 million in seven‑day app revenue versus Robinhood Chain’s $9.34 million, and $45.8 million over 30 days versus $23.23 million.

Gas Fee Income for Robinhood

Robinhood itself does not receive the app revenue. Instead, it earns transaction gas fees, recorded at $963,612 for the past 24 hours and $4.04 million over 30 days. After accounting for Ethereum L1 execution costs and the 10 % fee share required by the Arbitrum Expansion Program, 8 % of the gas revenue goes to the Arbitrum DAO and 2 % to the Arbitrum Developer Guild.

Network Activity and Use Cases

Since its mainnet launch on July 1, Robinhood Chain has combined tokenized‑stock trading with memecoin speculation. By late July, the network’s tokenized‑stock volume exceeded that of Solana’s venues, reaching $29.7 million daily, largely driven by memecoin activity. The chain also surpassed Base in daily active users three weeks after launch.