Robinhood Chain Outperforms Ethereum With $2.66M App Revenue
TL;DR:
- Robinhood Chain recorded $2.66 million in app revenue within a 24-hour period, surpassing Ethereum and Hyperliquid L1.
- Gmgn, Pons, and Uniswap accounted for nearly 88% of that revenue, with $1.11M, $930K, and $306K respectively.
- Hyperliquid processed $8.9 billion in perpetual futures volume, compared to Robinhood Chain’s modest $5.9M.
Just two months after its public launch on July 1, Robinhood Chain has already surpassed far more established networks in at least one key metric: on August 30, app-generated revenue on the network reached $2.66 million in 24 hours, above the $1.7 million posted by Hyperliquid L1 and the $1.27 million recorded by Ethereum in the same period. That figure also came in at nearly six times the $438,436 posted by Base on the same day.
The network, built on Arbitrum as an L2 and unveiled at Robinhood‘s “The World Is Flat” event in London, had already shown early signs of its potential and adoption. In its first two weeks, it surpassed Base and Ethereum in 24-hour DEX volume, and by mid-August had displaced Ethereum in NFT trading volume.
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