Robinhood’s Ethereum Layer-2 blockchain generated approximately $4.6 million in daily revenue in late August, putting the network on an annualized trajectory of roughly $1.7 billion. The peak activity window from August 30-31 saw applications running on Robinhood Chain pull in approximately $2.66 million in revenue over a 24-hour period, outpacing Ethereum’s total application revenue for the same day. Robinhood retains between 89 and 90% of all fees generated, representing approximately $963,000 in net revenue after subtracting Ethereum settlement costs and the Arbitrum Expansion Program’s cut. In its first month of operation, the network captured roughly 38% of total Ethereum Layer-2 fees, a remarkable feat for a platform that launched its public mainnet on July 1.
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