TL;DR:
- Robinhood Chain recorded $2.66 million in app revenue within a 24-hour period, surpassing Ethereum and Hyperliquid L1.
- Gmgn, Pons, and Uniswap accounted for nearly 88% of that revenue, with $1.11M, $930K, and $306K respectively.
- Hyperliquid processed $8.9 billion in perpetual futures volume, compared to Robinhood Chain’s modest $5.9M.
Just two months after its public launch on July 1, Robinhood Chain has already surpassed far more established networks in at least one key metric: on August 30, app-generated revenue on the network reached $2.66 million in 24 hours, above the $1.7 million posted by Hyperliquid L1 and the $1.27 million recorded by Ethereum in the same period. That figure also came in at nearly six times the $438,436 posted by Base on the same day.
The network, built on Arbitrum as an L2 and unveiled at Robinhood‘s “The World Is Flat” event in London, had already shown early signs of its potential and adoption. In its first two weeks, it surpassed Base and Ethereum in 24-hour DEX volume, and by mid-August had displaced Ethereum in NFT trading volume.
Robinhood Chain’s 24-Hour App Revenue Surpasses Ethereum and Hyperliquid L1, Nearly 6x Base’s
According to DeFiLlama data, Robinhood Chain generated $2.66 million in app revenue over the past 24 hours, surpassing Hyperliquid L1’s $1.7 million and Ethereum’s $1.27 million, and… pic.twitter.com/TwkQ81bqvc
— Wu Blockchain (@WuBlockchain) August 31, 2026
Robinhood Chain: Revenue Concentration
Revenue was not evenly distributed among the protocols active on the network. Three applications accounted for nearly 88% of the day’s total: Gmgn, the onchain trading terminal focused on memecoins, contributed approximately $1.11 million; Pons, a token launch and social trading platform, generated around $930,587; and Uniswap contributed $306,877 through its spot trading activity on the network.
That concentration reveals who is using the chain today — a user base with a short-term speculative profile — even though the network was designed around tokenized real-world assets, stocks, and ETFs, with its price feeds provided by Chainlink for 95 equity tokens.
Hyperliquid Still Dominates
A strong day in app revenue does not imply a shift in ecosystem leadership. On July 13, Hyperliquid processed $8.9 billion in perpetual futures volume in 24 hours, compared to the $5.9 million posted by Robinhood Chain on the same day. Hyperliquid also holds roughly 9% of open interest in perpetual contracts globally, a market share no rival has managed to replicate so far.
App revenue and trading volume measure different dimensions, and the previous day’s numbers suggest that Robinhood is successfully redirecting a significant share of retail activity — largely drawn from its own brokerage client base — toward its own chain.
