Robinhood Chain set a new single-day revenue record for Ethereum L2s.
Tech & Launches ·
Robinhood Chain set a single-day revenue record for Ethereum layer-2 networks, generating more fees in one day than any other L2 has achieved previously. The new layer-2 network built on Arbitrum for tokenized assets and on-chain financial products reached $11.48M in cumulative fee revenue and is annualizing at a $60M run rate approximately two months after launch.
Revenue generation on Robinhood Chain includes spillover effects for the broader ecosystem; more than $1M of the accrued fees flow directly to Arbitrum. The record-setting performance reflects early adoption and transaction volume on the newly deployed layer-2, though the sustainability of this run rate and the composition of revenues by transaction type remain unspecified.