Robinhood Chain generates $42.6M in fee revenue in 70 days

Robinhood Chain, Robinhood’s Arbitrum-based Ethereum layer-2 blockchain, generated about 17,171 ETH in fee revenue, worth roughly $42.58 million, within 70 days of launch, Wu Blockchain reported. According to on-chain data analytics platform Arkham, Robinhood Chain has recorded cumulative revenue of 17,171 ETH since launch, with average daily revenue estimated at about $608,000. Of that total, about 90%, or 15,454 ETH worth roughly $38.32 million, was accrued by Robinhood Chain, while the remaining 10%, or 1,716 ETH worth about $4.26 million, was allocated to the Arbitrum ecosystem.