Robinhood Chain Overtakes Ethereum in Daily App Revenue as Memecoin Trading Surges, Arbitrum Jumps 30%
Robinhood Chain, the blockchain built by Vlad Tenev’s company on Arbitrum, has surpassed Ethereum in daily application revenue, according to CoinDesk and Decrypt, which also reported the network flipped Base in fees.
Applications on the two-month-old network generated Applications on the two-month-old Arbitrum network earned $2.66 million in 24 hours, ranking second behind Solana, with a memecoin launchpad as the biggest single source.
in revenue over 24 hours, ranking second only to Solana, according to The Defiant. The Defiant reported a memecoin launchpad was the single biggest source of that revenue.
Separately, The Block reported Robinhood Chain hit a record Robinhood Chain hits record $989 million in daily DEX volume as TVL grows.
in daily decentralized exchange volume during August, with total value locked also growing. The Block noted utility tokens were gaining ground on memecoins as a share of that activity, even as memecoin trading has driven much of the chain’s recent growth, according to CoinDesk and Decrypt.
The activity spilled into token markets: CoinDesk reported Arbitrum’s token surged Bitcoin consolidates near $78,000 as Arbitrum surges 30% on Robinhood Chain revenue.
amid the Robinhood Chain revenue news, while bitcoin consolidated near Bitcoin consolidates near $78,000 as Arbitrum surges 30% on Robinhood Chain revenue.
Sources: CoinDesk, Decrypt, The Defiant, The Block
This article is for information only and is not financial advice.
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