Robinhood Chain generated $2.66 million in app revenue over the past 24 hours, surpassing both Ethereum and Hyperliquid L1, according to data from DeFiLlama. The figure marks an early revenue milestone for a network that only recently went live, coming from Robinhood, the widely used retail trading platform known for commission-free stock and crypto trading.

Hyperliquid L1 recorded roughly $1.7 million in app revenue over the same period, while Ethereum earned approximately $1.27 million. Robinhood Chain's revenue also came in at nearly six times that of Base, which generated $438,436.

GMGN Leads Protocol Earnings

The data shows that revenue on the blockchain is concentrated among a small number of dominant protocols. GMGN was the largest contributor, generating approximately $1.11 million in revenue within 24 hours. Pons ranked second with $930,587, followed by Uniswap with $306,877. GMGN is a token-trading and analytics platform, and Uniswap is one of the most widely used decentralized exchanges in crypto.

Together, the three protocols accounted for nearly 88% of total Robinhood Chain application revenue, indicating that activity in just a handful of applications is the primary driver of the network's earnings. The presence of on-chain services within Robinhood Chain is another factor cited for the strong performance of all three protocols.

Robinhood Chain Outpaces Ethereum and Hyperliquid

The result is notable given Ethereum's position as one of the largest blockchain platforms for decentralized applications, and the considerable activity on Hyperliquid L1's on-chain trading platform. Hyperliquid itself has been among the highest-revenue chains in recent months, which adds context to Robinhood Chain surpassing it in this single-day window.

Despite not having been operational for long, Robinhood Chain earned more revenue than both Ethereum and Hyperliquid L1 within the measured timeframe, and its revenue was considerably higher than Base's. It should be noted, however, that the latest Robinhood revenue figures cover only a 24-hour period, and single-day revenue rankings on platforms like DeFiLlama can fluctuate significantly from one day to the next depending on trading activity and fees.

Factors Behind the Revenue Figure

The current revenue data indicates that applications running on the network are producing economic value. GMGN, Pons, and Uniswap are the main sources of that value and account for a significant share of the network's performance.

As more applications and users join Robinhood Chain, revenue could be distributed more broadly across the network, and additional economic value generated by the currently running protocols could contribute to future revenue. Whether the network can sustain revenue at this level over longer timeframes remains to be seen.

As it stands, the latest DeFiLlama data places Robinhood Chain in a relatively high position for revenue over the 24-hour timeframe.

Source: Tron Weekly