Robinhood Chain Beats Ethereum in Daily Revenue as Memecoin Trading Takes Over
DeFiLlama said most of the $2.66 million came from GMGN, Pons and Uniswap, showing how a few protocols drove the daily lead.
- Robinhood Chain recorded $2.66 million in application revenue over 24 hours on Aug. 31, according to a rolling DeFiLlama dashboard, surpassing Hyperliquid L1 at $1.71 million and Ethereum at $1.57 million in the daily snapshot.
- Revenue concentration in two applications drove the results, with GMGN and Pons generating nearly $2.47 million, equivalent to approximately 93% of the total, reflecting dependence on trading bots and token launches.
- Pons expanded its Robinhood Chain presence through Uniswap v4 integration, while Uniswap became a main liquidity venue at launch; cumulative tokenized-stock trading through Uniswap surpassed $1 billion by Aug. 21.
- Over longer measurement periods, Robinhood Chain trailed both Ethereum and Hyperliquid L1, indicating the network needs sustained seven-day and 30-day performance to prove a shift in rankings.
- Rolling dashboard readings demonstrate how quickly network metrics shift throughout a single day; the earlier $1.84 million reading versus the later $2.66 million total shows why articles should identify measurement times to avoid presenting snapshots as completed financial results.
18 Articles
18 Articles
Robinhood Chain, the blockchain launched by Robinhood on 1 July with the stated goal of hosting tokenized actions, has turned into something very different. The revenues memecoin Robinhood Chain pushed the network to overcome Ethereum in the daily earnings of applications, an overtaking that few would have expected for a platform designed as a bridge between [...]
Robinhood Revenue Hits $2.66 Million, Surpassing Ethereum And Hyperliquid
Robinhood revenue has increased exponentially over the last 24 hours, with Robinhood Chain revenues at $2.66 million in app revenue, surpassing Ethereum and Hyperliquid L1, per DeFiLlama. This is because Robinhood Chain revenues are higher than those of Hyperliquid L1, which has around $1.7 million in app revenue, and Ethereum, which earned around $1.27 million […]
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