Robinhood Chain hits record $3.75M in daily fees, funneling hundreds of thousands to Arbitrum DAO

Robinhood Chain, the brokerage giant’s Ethereum Layer 2 network built on Arbitrum’s Orbit stack, posted a record $3.75 million in user-paid fees in a single 24-hour period according to DefiLlama data. That spike translated into roughly $377,000 flowing directly to the Arbitrum DAO treasury in one day, a tangible windfall from a revenue-sharing arrangement that is quickly becoming one of the more interesting economic experiments in crypto infrastructure. For a chain that only went live on July 1, 2026, those numbers are hard to ignore. Cumulative fees have already surpassed $13 million in just two months of operation. Where the money is coming from The original pitch for Robinhood Chain leaned heavily on tokenized stocks and real-world assets. The reality, at least so far, looks a lot more like a memecoin casino. DEX volume on the chain peaked above $1 billion in a single week, driven largely by speculative trading on platforms like Pons and GMGN. Millions of daily transactions are flowing through the network, with memecoin launches providing the bulk of the activity that generates those eye-catching fee numbers. Robinhood has also been subsidizing gas costs for users during this ea...