Robinhood Chain just posted one of the wildest growth signals among Ethereum L2s.
Apps on the network generated roughly $2.66M in 24h revenue, about 2x Ethereum’s app revenue in the same snapshot and nearly 6x Base. But the important detail: this is APP revenue — not revenue earned directly by Robinhood.
So what are people actually trading?
Mostly memes.
GMGN and token launchpad Pons generated around $2M of the total, while Uniswap added roughly $307K. Together they accounted for ~88% of Robinhood Chain’s app revenue.
On Aug. 30 the network also processed a record 5.52M transactions, around $875M in DEX volume and roughly 22,600 new token launches through Pons.
That is pretty ironic considering Robinhood Chain was primarily positioned around tokenized stocks and real-world assets.
Fundamentally, Robinhood Chain is an Ethereum-compatible Layer 2 built using Arbitrum technology. Its long-term thesis is bringing stocks and other traditional assets onchain — but right now memecoin speculation is doing most of the heavy lifting.
This doesn't mean $ETH has been “flipped.” It means liquidity and speculation can migrate incredibly fast when a new ecosystem gets momentum.
For a chain launched only two months ago, the activity is still hard to ignore.
$ETH $ARB #Ethereum #Robinhood #Crypto #DeFi
Apps on the network generated roughly $2.66M in 24h revenue, about 2x Ethereum’s app revenue in the same snapshot and nearly 6x Base. But the important detail: this is APP revenue — not revenue earned directly by Robinhood.
So what are people actually trading?
Mostly memes.
GMGN and token launchpad Pons generated around $2M of the total, while Uniswap added roughly $307K. Together they accounted for ~88% of Robinhood Chain’s app revenue.
On Aug. 30 the network also processed a record 5.52M transactions, around $875M in DEX volume and roughly 22,600 new token launches through Pons.
That is pretty ironic considering Robinhood Chain was primarily positioned around tokenized stocks and real-world assets.
Fundamentally, Robinhood Chain is an Ethereum-compatible Layer 2 built using Arbitrum technology. Its long-term thesis is bringing stocks and other traditional assets onchain — but right now memecoin speculation is doing most of the heavy lifting.
This doesn't mean $ETH has been “flipped.” It means liquidity and speculation can migrate incredibly fast when a new ecosystem gets momentum.
For a chain launched only two months ago, the activity is still hard to ignore.
$ETH $ARB #Ethereum #Robinhood #Crypto #DeFi