Robinhood Chain tops Ethereum L2 revenue with $3.6M in first month

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Robinhood Chain generated roughly $3.6 million in transaction fees in its first month of operation, making it the top revenue-producing Layer-2 network across the entire Ethereum ecosystem with 38% of total fees collected in July. Built on Arbitrum technology, the blockchain supports 24/7 trading of tokenized stocks and decentralized finance applications. Daily trading volumes reportedly reached hundreds of millions of dollars shortly after launch. Robinhood allocates 10% of its net protocol revenue back to the Arbitrum ecosystem, with 8% going to ARB token holders and 2% to developers.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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