Robinhood Layer 2 Chain Surpasses Ethereum in 24-Hour App Revenue
Robinhood's new Arbitrum-based Layer 2 network generated $2.66 million in daily application revenue, outpacing Ethereum and Hyperliquid.
Robinhood's proprietary Layer 2 network achieved $2.66 million in application revenue over a 24-hour period. The metric placed the newly launched chain ahead of both Ethereum mainnet and the Hyperliquid Layer 1 network.
Built on Arbitrum tech and launched in July, the network is designed to support the brokerage firm's expanding digital asset trading suite. Strong early on-chain activity underscores the app's substantial retail user base migrating directly to Layer 2 infrastructure.
Retail-focused institutional chains generating high transaction fees signal increased competition against established base layers for market activity and protocol revenue.
Key takeaways
- Robinhood Chain brought in $2.66 million in daily app fees, topping Ethereum.
- The network is an Arbitrum-based Layer 2 that launched in July.
- Retail integration continues driving measurable transaction activity to dedicated L2s.