Robinhood Chain’s Ethereum “flip” is real.
On August 30, apps on Robinhood Chain generated about $2.66M in 24-hour revenue versus roughly $1.28M for Ethereum. It also processed 5.52M transactions and around $875M in DEX volume.
The concern is that much of this activity came from memecoin trading, not the tokenized stock market Robinhood originally targeted.
So the data is impressive, but the bigger question is whether Robinhood can maintain this revenue after the current speculation cools.
On August 30, apps on Robinhood Chain generated about $2.66M in 24-hour revenue versus roughly $1.28M for Ethereum. It also processed 5.52M transactions and around $875M in DEX volume.
The concern is that much of this activity came from memecoin trading, not the tokenized stock market Robinhood originally targeted.
So the data is impressive, but the bigger question is whether Robinhood can maintain this revenue after the current speculation cools.