On August 31, Robinhood Chain generated $1.07 million in daily gas fees, surpassing Solana, Base, and Ethereum. The network launched on July 1 and recorded $1.49 billion in DEX trading volume on its first day, with cumulative volume exceeding $47 billion. Built on Arbitrum Orbit, the chain's activity is driven by memecoin platforms Pons and GMGN. Robinhood retains about 89% of the gas fee revenue. The chain currently has a TVL of $735 million and a stablecoin supply of $797 million.
Robinhood Chain Outpaces Major Networks in Daily Gas Fees
Robinhood Chain generated $1.07 million in gas fees on August 31, surpassing Solana, Base, and Ethereum for that day, according to CryptoBriefing. The network, built on Arbitrum Orbit, launched on July 1 and recorded $1.49 billion in DEX trading volume on its first day, with cumulative volume now exceeding $47 billion.
Technology and Ecosystem Drivers
Activity on the chain is driven by memecoin launchpads Pons and GMGN. Robinhood retains approximately 89% of the gas fee revenue. The chain currently has a TVL of around $735 million and a stablecoin supply of nearly $797 million.
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