Bankless · Friday, September 4, 2026
The Robinhood crypto chain has seen a massive surge in transaction volume and revenue, surpassing Ethereum's L2s. This has led to significant daily revenue for Robinhood, potentially exceeding their equity trading business.
“Robinhood chain knocking it out of the park. Transaction fees right now are actually higher on the Robinhood chain than on Ethereum. $4.4 million in revenue in a single day.”
“Robinhood absolutely dominating revenue on the L2 world market. There were some stats I saw, something like three to four million per day in Robinhood. If you were to annualize that seven day, which you should never do, you should never annualize seven day revenue volumes. But if you're to do something like that, then actually the revenue generated by the Robinhood chain right now would exceed its equity trading business for the year.”
“Robinhood chain’s median fee is now 2x the fee of Ethereum L1, so twice as much as Ethereum, and 128x the fee cost of Solana.”