Robinhood Chain generated $350,000 in network fees over the past 24 hours, ranking fourth among blockchain networks behind Canton, Tron and Solana, according to Arkham, which cited DeFiLlama data.

The Ethereum Virtual Machine-compatible chain, launched on July 1 to support tokenized equities and exchange-traded funds, has reached $315 million in total value locked since its debut. While Robinhood introduced the network for onchain trading of tokenized real-world assets, Arkham said meme coin activity has also become a significant driver of usage.

Network Activity Increases Since July 1 Launch

According to Arkham, Robinhood Chain has accumulated $315 million in total value locked since launching on July 1. The network was designed by Robinhood to support tokenized real-world assets, including equities and ETFs, onchain.

That focus places Robinhood Chain within a broader effort across crypto markets to bring traditional financial instruments onto public or compatible blockchain infrastructure. Total value locked is commonly used to track the amount of capital deposited in decentralized applications and protocols, making it one measure of early network adoption.

Arkham said trading activity on the chain has expanded beyond tokenized assets, with meme coin trading emerging as another major source of network usage. Over the past day, that activity generated enough network fees for Robinhood Chain to place behind only Canton, Tron and Solana among blockchain networks.

Arkham also distinguished between application fees and network fees. Application fees are generated by software platforms operating on a network, while network fees are paid to blockchain validators for processing and recording transactions. The distinction matters because high application revenue can reflect activity within a specific protocol, while network fees reflect demand for transaction settlement on the underlying chain.

Uniswap Leads Application Fees on the Network

As activity on Robinhood Chain increased, Uniswap became the largest application operating on the network by fees. Arkham said Uniswap generated $3.3 million in application fees during the past 24 hours, placing it well ahead of other applications on Robinhood Chain.

Uniswap’s role also highlights the importance of decentralized exchanges for new EVM-compatible networks. Because EVM compatibility allows Ethereum-style smart contracts and developer tooling to be used on another chain, existing DeFi applications can more easily support trading and liquidity on newly launched networks.

Arkham also announced full support for Robinhood Chain across its platform. Users can now access the blockchain through Arkham’s explorer and use its intelligence tools to monitor activity across the network.

Researchers and traders can enter a Robinhood Chain transaction ID into Arkham’s search bar to verify transfers and review smart contract executions directly on the chain.

Arkham Adds Full Integration for Robinhood Chain

Arkham said users can also inspect wallet balances, transaction histories, current portfolios and top counterparties on Robinhood Chain. The platform’s entity clustering feature has also been extended to the network, enabling users to search for known entities and view their combined holdings.

For a new chain handling both tokenized assets and speculative trading, those analytics give market participants a way to follow liquidity, wallet activity and contract interactions using public blockchain data.

Arkham cited one recent example involving wallet address 0x4A5. According to the company, the trader turned a $316 allocation into a $2.17 million position through trades involving CASHCAT, which Arkham identified as Robinhood Chain’s leading meme coin.