Robinhood Chain surpasses Ethereum and Hyperliquid in daily app revenue

Less than two months after its public mainnet launch, Robinhood Chain generated $2.66 million in app revenue over a single 24-hour period on August 30, placing it second only to Solana among decentralized finance platforms. That figure topped both Hyperliquid L1, which brought in $1.7 million, and Ethereum, which managed roughly $1.27 to $1.28 million in the same window. Where the money came from Three applications accounted for approximately 88% of Robinhood Chain’s daily revenue haul. GMGN led the pack at $1.11 million, followed by Pons at $930,587 and Uniswap at $306,877. GMGN and Pons are memecoin-focused trading tools. Uniswap’s presence at a distant third suggests that while established DeFi protocols are active on the chain, the real revenue engine right now is meme-driven trading volume. Analysts note the trajectory for RWA engagement is still developing, with current revenue largely driven by memecentric trading activities rather than substantive RWA use cases. The economics of keeping fees in-house Robinhood Chain retains roughly 89% of the fees generated within its network. About 10% flows to the Arbitrum ecosystem, and less than 2% trickles down to Ethereum for settleme...