Robinhood Chain daily fee revenue tops $6M, hits another record

Robinhood Chain, an Arbitrum-based Ethereum layer-two blockchain developed by U.S. stock and crypto trading app Robinhood (NASDAQ: HOOD), posted a record $6.12 million in daily fee revenue on Sept. 4, Tom Wan said. Wan added, "I thought Robinhood Chain’s design would make it difficult for daily fee revenue to rise above $4.6 million, but it surpassed $6 million in just one day." Based on the past seven days, Robinhood Chain’s annualized fee revenue has reached $1.1 billion, Wan said.