Robinhood Chain set a new high in daily fee revenue on Sept. 5, reaching $6 million, according to BlockBeats. The figure exceeded a level that the market had at one point viewed as difficult to break, with daily fee revenue previously seen as unlikely to move past $4.6 million. As fee income has continued to climb in recent days, the chain’s annualized revenue based on the past seven days has risen to about $1.1 billion. Current early activity on Robinhood Chain is being driven mainly by Memecoin trading and token issuance tied to projects including GMGN and Pons. The update points to a sharp pickup in usage on the network, with fee generation concentrated around speculative on-chain activity in its early stage.
Robinhood Chain posted another all-time high in daily fee revenue on Sept. 5, reaching $6 million, according to BlockBeats.
The market had at one point viewed $4.6 million as a ceiling that would be hard for the chain’s daily fee revenue to break. With fee income continuing to rise in recent days, Robinhood Chain’s annualized revenue based on the past seven days has reached about $1.1 billion.
At present, early activity on the chain is being driven mainly by Memecoin trading and token issuance linked to GMGN, Pons and similar projects.
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