Robinhood Chain generated $2.66 million in application revenue in 24 hours on August 31, surpassing both Hyperliquid L1 at about $1.70 million and Ethereum at roughly $1.28 million, according to DeFiLlama data. Only Solana ranked higher, with about $5.07 million. The result gives Robinhood’s Ethereum Layer 2 network an impressive short-term headline, although its revenue remains concentrated among a few applications. GMGN, Pons and Uniswap together generated about 88% of the chain’s app revenue during the period.
Recent data indicate that GMGN contributed over $803,000, establishing it as the largest donor. Uniswap contributed approximately $235,000, and Pons, a launchpad and swap platform, contributed about $632,000.
The concentration is worth watching. On one hand, it shows that Robinhood Chain can attract high-volume trading activity. On the other, much of the revenue is coming from just a handful of applications.
Robinhood Chain’s 24-Hour App Revenue Surpasses Ethereum and Hyperliquid L1, Nearly 6x Base’s
According to DeFiLlama data, Robinhood Chain generated $2.66 million in app revenue over the past 24 hours, surpassing Hyperliquid L1’s $1.7 million and Ethereum’s $1.27 million, and… pic.twitter.com/TwkQ81bqvc
— Wu Blockchain (@WuBlockchain) August 31, 2026
GMGN and Pons are particularly associated with memecoin trading and launchpad activity. That is somewhat different from Robinhood’s broader pitch for the chain, which has focused heavily on tokenized stocks and real-world assets.
Robinhood CEO Vlad Tenev has acknowledged that the network is also well suited to meme-related activity. The latest figures suggest that speculative trading is currently playing a meaningful role in generating fees.
The chain itself generated about $495,000 in net gas revenue during the same period after Ethereum Layer 1 costs and the Arbitrum Expansion Program share were deducted. That revenue is relevant to Robinhood investors because it represents a potential additional economic stream from the company’s blockchain operation. Still, one strong day should not be confused with a long-term lead.
With over $53.41 million in app income over the last 30 days, Hyperliquid is still far ahead of Robinhood Chain, which has about $23.23 million. According to the information provided, Ethereum’s 30-day worth was around $45.8 million. As a result, even if the August 31 numbers represent a significant daily milestone, a fundamental change in the competitive climate has not yet occurred.
The Ethereum Layer 2 Robinhood Chain was established on July 1, 2026, using the Arbitrum Orbit stack. Ethereum is the gas token. Robinhood has positioned the network as the basis for tokenized assets, including stock tokens. That market is developing quickly. Robinhood has been pushing tokenized equities, while other crypto companies are also moving into equity-linked products.
For Robinhood, the attraction goes beyond technology. If the chain can generate meaningful application and transaction revenue, it could eventually become another source of income alongside the company’s traditional brokerage and crypto businesses.
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