Bankless · Thursday, August 13, 2026
Robinhood's recently launched Ethereum Layer 2 network has quickly become the top earner in terms of revenue, generating $3.6 million in its first full month of operation in July. The platform has seen significant activity, with app layer protocol TVL nearing $1 billion and over $1 billion in stablecoins. While meme coin trading has been a major driver, the platform also saw a successful NFT mint, indicating potential for broader use cases.
“Also, Robinhood chain. It's the number one Ethereum L2 by revenue. took the crown in the first month. We'll talk about that. 38% of all L2 revenue.”
“Robinhood chain is now the number one Ethereum L2 by blockchain revenue. In its first full month of being live, it has generated $3.6 million in July revenue.”
“They listed Cash Cat, which I hate talking about this, but Cash Cat was the meme coin on Robinhood chain. They listed it on the Robinhood app, and so all of the meme coin people and traders are happy because they're like, being supportive of, yeah, they are supporting the meme coin trenchers dumping their bags on Robinhood retail.”