Robinhood Chain, the layer-2 network launched by the trading platform Robinhood roughly two months ago, generated approximately $2.66 million in application revenue over a 24-hour period on August 30, 2026, according to data from DeFiLlama. That figure was more than double the roughly $1.27 million earned by applications on Ethereum over the same period.

The young network ranked second only to Solana, whose applications generated about $5.07 million in revenue during the same window.

Robinhood Chain also posted record activity on the day, processing 5.52 million transactions and roughly $875 million in decentralized exchange (DEX) trading volume. The network's app revenue was:

• 2x what apps on Ethereum earned
• 6x what apps on Base earned

Much of the activity on the network has been driven by memecoin trading. Even so, the figures mark a remarkably rapid rise for a chain that is only weeks old and is already out-earning Ethereum in daily application revenue.

Robinhood Chain's growth comes amid a broader surge of interest in appchains — application-specific blockchains built on established layer-2 technology — as trading platforms and consumer apps seek deeper integration between their products and on-chain activity. For a platform like Robinhood, which built its business on commission-free retail trading, running its own chain allows trading activity to settle directly on infrastructure it controls rather than through third-party networks. Revenue figures of this kind reflect fees collected by applications built on the network, not the chain operator itself, so app-level earnings driven largely by memecoin trading can fluctuate sharply from day to day. Whether the network can sustain this pace beyond the early launch-phase surge remains to be seen.

Source: BitcoinKE (data via DeFiLlama)