Robinhood Chain has set a daily payment record of $6.04 million, lifting its seven-day annualized income fee to roughly $1.1 billion as memecoin buying and selling and token launches drive community exercise.
Abstract
- Robinhood Chain generated $6.04 million in fees and retained $5.44 million in daily income.
- Seven-day income reached $20.33 million, equal to an annualized fee of roughly $1.06 billion.
- GMGN and Pons have change into two of the most important application-level income sources on the community.
- Robinhood Chain recorded $1.71 billion in decentralized alternate quantity over the newest 24 hours.
Robinhood Chain daily fees attain $6.04 million
DefiLlama data confirmed Robinhood Chain gathering $6.04 million in transaction fees over the newest 24-hour interval, exceeding the earlier stage of about $4.6 million and setting a record for the community.
After deducting Ethereum settlement bills and Robinhood Chain’s fee-sharing obligations to the Arbitrum ecosystem, the community retained roughly $5.44 million as chain income. Fees check with the whole quantity customers paid, whereas income measures the portion saved by the community after related prices and allocations.
Robinhood Chain generated $20.33 million in income in the course of the newest seven-day interval, in response to the identical dashboard. Sustaining that fee for a full yr would produce roughly $1.06 billion, generally rounded to $1.1 billion.
Annualized figures are projections based mostly on a brief measurement interval relatively than income already earned. A couple of days of unusually energetic buying and selling can increase the estimate rapidly, whereas a decline in transactions would pull it decrease.
The most recent record extends a fast improve from Sept. 2, when the chain collected $4.45 million in fees and retained $4.01 million. Its income subsequently rose by roughly 36% between the 2 readings, though each figures got here from rolling 24-hour home windows.
As crypto.information beforehand reported, Robinhood Chain’s early rise included roughly $3.6 million in transaction fees throughout July, its first month after the general public mainnet launch. The most recent one-day whole has now exceeded the quantity recorded throughout that total month.
Memecoin platforms account for a lot of the exercise
Purposes constructed round memecoin buying and selling and token issuance have equipped a big share of the chain’s latest payment earnings. GMGN generated roughly $2.9 million in income throughout its supported networks over the newest 24 hours, whereas its seven-day whole reached $13.84 million, DefiLlama information confirmed.
GMGN offers token-monitoring, wallet-tracking, and trade-execution instruments relatively than issuing tokens itself. The platform fees customers after they commerce via its interface, permitting increased quantity to feed straight into its payment totals.
Robinhood Chain has just lately change into GMGN’s largest income supply. Information cited in an August report confirmed that the community contributed $11.67 million of the platform’s roughly $19.81 million in month-to-month income on the time, forward of BNB Chain and Solana.
Pons has added one other main supply of exercise. The Robinhood Chain launchpad permits customers to difficulty and commerce tokens, charging launch fees and gathering a part of the swap fees generated throughout buying and selling.
Over the newest 24-hour measurement interval, Pons retained roughly $1.24 million in protocol income. Its seven-day and 30-day income totals stood at $5.95 million and $9.04 million, respectively.
Payment quantity on Pons has been a lot bigger than the quantity retained by the protocol. A recent network breakdown discovered that customers paid $5.95 million via Pons in a single 24-hour interval, whereas roughly $1.11 million counted as protocol income.
Underneath the platform’s mannequin, a part of the buying and selling fees goes to token creators relatively than remaining with Pons. Separating gross fees from retained income is subsequently obligatory when evaluating Pons with Robinhood Chain or different protocols.
GMGN, Pons, and Uniswap accounted for about 93% of Robinhood Chain utility income in a latest DefiLlama snapshot. GMGN contributed round $1.11 million, Pons generated roughly $1.03 million, and Uniswap equipped about $327,707 throughout that measured interval.
Focus amongst a small group of functions leaves the chain’s daily outcomes delicate to modifications in memecoin quantity. Rolling dashboard totals may change all through the day as older transactions go away the 24-hour window and new transactions enter it.
DEX quantity climbs above $1.7 billion
Alongside the payment record, decentralized exchanges on Robinhood Chain processed roughly $1.71 billion in buying and selling quantity over 24 hours. Seven-day DEX quantity reached $9.95 billion after growing 105% from the previous comparable interval.
Pons has equipped a big portion of that buying and selling. On Aug. 30, the launchpad processed about $445 million of the chain’s $874.8 million in DEX quantity, which means one utility accounted for barely greater than half of the daily whole.
Buying and selling has not been restricted to standard memecoins. Launchpads on the community have additionally created markets that pair user-issued tokens with property linked to publicly traded corporations, combining speculative token exercise with Robinhood’s tokenized-equity providing.
Uniswap serves as a most important liquidity venue for these markets. In August, tokenized stock trading involving Robinhood Chain exceeded $1 billion in cumulative quantity via Uniswap.
The entire represented swap quantity involving inventory tokens, not the worth of tokenized equities held on the community. Markets have included tokens monitoring corporations resembling Nvidia, Apple, and Alphabet.
Robinhood Chain’s whole worth locked stood at roughly $1.17 billion in native protocols on the newest studying, whereas its bridged worth reached about $3.03 billion. Stablecoins on the chain carried a market capitalization of roughly $951.8 million after rising 26.6% over seven days.
U.S. buyers achieve publicity via Robinhood inventory
Robinhood launched the community on July 1 as an Ethereum Layer 2 constructed with Arbitrum Orbit know-how. ETH serves as its gasoline token, whereas transactions are finally settled on Ethereum.
The chain doesn’t have an official native token. Group-issued property buying and selling on it, together with PONS, aren’t Robinhood securities and don’t give holders possession in Robinhood Markets.
For American buyers, probably the most direct regulated publicity to the corporate stays Robinhood Markets inventory, which trades on Nasdaq underneath the HOOD ticker. Community income might have an effect on the corporate’s monetary outcomes if Robinhood information the retained fees as company earnings, however annualized blockchain estimates aren’t equal to income reported in Robinhood’s audited monetary statements.
Robinhood’s Inventory Tokens can be found in additional than 120 international locations however stay unavailable to U.S. residents. The merchandise present financial publicity to referenced equities relatively than authorized possession of the underlying shares, in response to an earlier chain review.
Underneath the Arbitrum Enlargement Program, 10% of Robinhood Chain’s internet income goes to the Arbitrum ecosystem. Eight proportion factors movement to the Arbitrum DAO treasury, whereas two proportion factors help a developer guild. Making use of the association to the newest $5.44 million daily income determine would allocate roughly $544,000 earlier than any later changes recorded by the collaborating events.
