Robinhood Chain fees hit record $3.75M as Arbitrum collects its 10% cut

Robinhood Chain users paid a record $3.75 million in transaction fees on September 1.

That pushed the two-month-old network ahead of Ethereum mainnet and Base for the day, and every dollar of that feeds a revenue share back to Arbitrum, the stack it runs on.

DEX volume topped $1.5B, and locked value cleared $750M

The $3.75 million is an all-time high since the chain went mainnet on July 1. Robinhood Chain ended the day ahead of both Ethereum mainnet and Base.

Decentralized exchange volume surpassed $1.5 billion on September 1, also a record. Total value locked was just over $750 million.

Robinhood Chain’s public testnet had registered more than 200 million transactions before the mainnet went live. And Robinhood had been issuing tokenized stocks on Arbitrum One before spinning up a chain of its own.

According to Cryptopolitan, Robinhood Chain ranked No. 1 in Electric Capital’s ranking of developer activity less than two weeks after launch. On July 21, Alchemy CEO Nikil Viswanathan posted about the accomplishment on X.

The chain’s EVM compatibility and day-one partners provided developers a familiar surface to build on. Those partners included Alchemy, BitGo, Chainlink, and Uniswap.

Robinhood introduced the mainnet at a London keynote on July 1.