Robinhood Chain memecoin revenue hits $2.66M, tops Ethereum in a day
Two months after launching with tokenized stocks as its headline feature, Robinhood Chain looks a lot more like a memecoin arcade than a market for onchain equities. The network’s daily app revenue just topped Ethereum’s, and the numbers tell a story that Robinhood’s marketing materials never quite predicted: Robinhood Chain memecoin revenue is now the engine driving the entire blockchain’s growth.
Key takeaways
- Robinhood Chain apps earned about $2.66 million in 24 hours, ranking second only to Solana’s $5.07 million, according to DefiLlama data cited by CoinDesk.
- That revenue was roughly 1.7 times what Ethereum apps generated and six times Base’s total over the same window.
- The chain processed 5.52 million transactions on Aug. 30, an all-time high, with decentralized exchange trading hitting roughly $875 million.
- About 22,600 new tokens launched in a single day through the Pons app, a jump of more than 40% from the previous day.
- GMGN, Pons and Uniswap together produced about 88% of the network’s total revenue, underlining just how concentrated — and speculative — the activity has become.
Robinhood Chain Surpasses Ethereum in Daily App Revenue
Robinhood Chain’s applications pulled in more daily revenue than anything on Ethereum, marking a striking milestone for a network that only went live at the start of July. Onchain data reviewed by CoinDesk shows the chain earned roughly $2.66 million in app revenue over a 24-hour stretch — enough to place it just behind Solana and ahead of every other blockchain tracked by DefiLlama.
… Continue reading the full article at the original source below.
