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生蚝哥Oyster
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BullishSeptember 1｜Robinhood Chain surges in popularity
According to DeFiLlama data, driven by the recent trading frenzy in meme coins, Robinhood Chain’s daily trading volume has set new all-time highs for five consecutive days. On September 1, it reached $1.43 billion, again surpassing the previous day’s $1.4 billion; its transaction volume ranks just behind Solana.
Even more striking is its on-chain fee performance: in the past 24 hours, fees totaled $2.13 million—already exceeding the combined total fees of Ethereum, Solana, BNB Chain, and Base.
Chain revenues are similarly dominant. In the past 24 hours, retained revenue amounted to $1.92 million, compared with Ethereum’s $111,000, Solana’s $90,700, BSC’s $49,500, and Base’s $98,400—about 5.5 times the combined total of the other four chains.
Behind these high revenues, the main driver is high-frequency trading in meme coins, but the TVL remains relatively low, and the market carries extremely high volatility and risk.
According to DeFiLlama data, driven by the recent trading frenzy in meme coins, Robinhood Chain’s daily trading volume has set new all-time highs for five consecutive days. On September 1, it reached $1.43 billion, again surpassing the previous day’s $1.4 billion; its transaction volume ranks just behind Solana.
Even more striking is its on-chain fee performance: in the past 24 hours, fees totaled $2.13 million—already exceeding the combined total fees of Ethereum, Solana, BNB Chain, and Base.
Chain revenues are similarly dominant. In the past 24 hours, retained revenue amounted to $1.92 million, compared with Ethereum’s $111,000, Solana’s $90,700, BSC’s $49,500, and Base’s $98,400—about 5.5 times the combined total of the other four chains.
Behind these high revenues, the main driver is high-frequency trading in meme coins, but the TVL remains relatively low, and the market carries extremely high volatility and risk.
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