FARM

Robinhood Cha
2026-09-09 15:03:56

Memecoin Trading Sends Robinhood Chain Past Solana and BNB Chain on Fees

Robinhood Chain, launched on July 1, is now generating trading fees at a pace that has put it ahead of Solana and BNB Chain over recent periods, according to comments from Franklin Crypto’s Chris Perkins, a Bernstein note led by Gautam Chhugani, and DefiLlama data cited in Unchained’s report. Bernstein told clients on Tuesday that it kept an Outperform rating on Robinhood Markets and a $160 price target, while describing the chain as an earnings contributor with daily trading fees of $2 million to $4 million. Over the prior 15 days, the network produced roughly $33 million in fees, compared with about $11 million for Solana and close to $9 million for BNB Chain. The report said nearly 90% of that revenue remains with Robinhood, with around one-tenth going to Arbitrum, whose technology underpins the chain, and less than 1% flowing to Ethereum. DefiLlama data showed Robinhood Chain brought in $23.8 million over the last seven days out of $33.5 million over 30 days, meaning about 71% of its monthly fees were generated in the most recent week. The activity was described as being driven largely by memecoins linked to thinly traded stocks. On Bits + Bips, host Austin Campbell pointed to FARMI, a Nasdaq-listed Chinese dried mushroom seller with 15 employees, whose shares rose 350% on Wednesday with 720 million shares traded after a memecoin using its ticker began trading on Robinhood Chain. Perkins said that kind of activity was "a game" rather than an investment.

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Memecoin Trading Sends Robinhood Chain Past Solana and BNB Chain on Fees
Enso Finance
2026-09-09 09:31:22

SlowMist says deprecated Enso vault lost about 5.6 ETH in oracle pricing flaw

SlowMist said Enso Finance’s DPI Strategy Vault lost about 5.6 ETH after an oracle pricing error was exploited. The security firm traced the issue to a flawed valuation path that produced prices close to spot quotes, without a time-weighted average price, or TWAP, consistency check and without price range validation. It also said the Uniswap V3 pool used for valuation had imbalanced liquidity. According to SlowMist, the attacker swapped 0.683 WETH for 268.42 FARM in a single trade on Uniswap V2. The imbalanced V3 pool then mispriced that trade at 6.3 WETH, roughly 9.2 times the actual value. Using that incorrect valuation, the attacker minted excess vault shares and redeemed them for profit. Enso later responded on X, saying the contract involved had been deprecated more than four years ago. The team said users had previously been advised to withdraw through official channels including Discord, Twitter and GitHub. Enso added that its current infrastructure does not use those contracts and that the current stack has gone through more than 12 production audits.

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SlowMist says deprecated Enso vault lost about 5.6 ETH in oracle pricing flaw