Robinhood Chain generated $2.66 million in application revenue over a 24-hour period ending around August 31, according to DeFiLlama data. The figure placed the network ahead of Hyperliquid L1 at approximately $1.7 million and Ethereum at between $1.27 million and $1.57 million, depending on the exact snapshot timing. Base recorded roughly $439,000 in the same window. Only Solana ranked higher among major networks, at about $5.07 million.

The result marks a temporary lead in a rolling 24-hour metric that fluctuates as new activity enters the calculation and older transactions drop out. Robinhood Chain’s 30-day application revenue stood at $23.23 million, still trailing Hyperliquid’s $53.4 million to $53.6 million and Ethereum’s $45.8 million to $52 million over the longer period. Weekly application revenue on the chain had risen 201 percent.

Concentrated Activity Among Three Protocols

Three applications accounted for the bulk of the daily total. GMGN, a trading interface popular with memecoin participants, led with figures reported between $803,000 and $1.11 million. Pons, a token launchpad and swap platform native to the chain, contributed between $632,000 and $1.03 million. Uniswap ranked third with between $235,000 and $338,000 after its fee mechanism activated on the network in late July.

Together these protocols generated roughly 88 percent to 93 percent of Robinhood Chain’s measured application revenue. Application revenue captures fees retained by protocols after deductions such as liquidity provider payments or referral commissions. It differs from the chain’s own gas revenue, estimated by DeFiLlama at about $964,000 net of Ethereum Layer 1 costs and the Arbitrum Expansion Program share.

The concentration underscores that much of the recent activity centers on memecoin trading and token launches rather than the tokenized stocks and real-world assets the network was designed to support. Stock Tokens remain unavailable to U.S. users.

Record DEX Volume and Transaction Count

On August 30 the chain recorded $874.8 million to $875 million in decentralized exchange volume, its highest daily total since the public mainnet launched on July 1. Transaction count reached 5.52 million, also a record. Pons handled approximately $446 million, or about 51 percent of that volume.

Volume had previously peaked near $878 million in mid-July before declining to around $140 million daily in early August. The latest rebound coincided with broader market moves, including a large short squeeze that lifted Bitcoin and other assets, alongside new features such as leveraged products and the acceptance of certain stock tokens as collateral on related platforms.

Uniswap deployments on the chain contributed substantially to overall trading, though Pons remained the dominant launchpad venue after earlier competitors saw momentum fade.

Background on the Network

Robinhood Chain is an Ethereum-compatible Layer 2 built with Arbitrum Orbit technology. It uses ETH for gas and targets low latency with block times near 100 milliseconds. The company positioned the network for tokenized assets, stock tokens and decentralized applications when it went live.

Cumulative tokenized-stock trading volume has surpassed $1 billion to $1.5 billion in earlier reports. Yet recent daily metrics show speculative token activity driving the majority of fees and volume. The chain’s own net gas revenue flows in part to Robinhood after Arbitrum-related shares are deducted.

Daily figures can shift rapidly during periods of concentrated trading or token launches. Sustained performance across seven-day and 30-day windows, broader distribution of revenue across more applications, and consistent user activity without short-term incentives will determine whether the latest readings signal a lasting shift in network rankings.