Key facts
- Robinhood Chain generated $2.66 million in app revenue in a 24-hour period on August 31.
- This daily revenue surpassed that of Ethereum and Base, placing it second only to Solana.
- The chain's total value locked reached $727.15 million, up 7.4% in a day.
- Onchain real-world asset volume has seen record-breaking days, with market cap at $149.22 million.
- Pons, a token launchpad on Robinhood Chain, achieved a new revenue all-time high of $950,000 on Sunday.
Robinhood's proprietary blockchain has rapidly emerged as a significant player in the crypto space, with its app revenue surging to $2.66 million in a single 24-hour period on August 31. This figure outpaced established networks like Ethereum and Base, positioning Robinhood Chain as a notable competitor, second only to Solana in daily app revenue.
Over a 30-day period, Robinhood Chain collected $3.13 million in fees, ranking third among all chains, while its daily gas revenue reached $495,477, significantly higher than Base and Ethereum. The growth is largely attributed to its focus on tokenized real-world assets (RWAs) and the success of its token launchpad, Pons. The total value locked on the chain has climbed to $727.15 million, marking a 7.4% increase in a single day. Onchain RWA volume has also seen record-breaking activity, with the market capitalization reaching $149.22 million.
Pons, in particular, has been a key driver of this growth, achieving a new all-time high revenue of $950,000 on Sunday. The token associated with Pons has seen substantial price appreciation, reflecting the revenue generated. The company's leadership continues to emphasize the chain's potential as infrastructure for RWAs, although Stock Tokens are not available to U.S. persons.