Robinhood Chain App Revenue Reaches $2.82 Million

Robinhood Chain recorded an increase in app revenue from $2.66 million to $2.82 million within a 24-hour rolling window on September 1. According to DefiLlama data, the network's revenue amounted to $963,612, with fees totaling $1.07 million. Although network activity was significant, it was not specified how these revenues are accounted for in Robinhood's corporate books. The revenue distribution among various applications showed that the trading bot GMGN generated the highest revenue at approximately $1.11 million, followed by the token issuance platform Pons at around $1 million. In terms of protocol fees, Uniswap led the way. Robinhood indicated that it monetizes through trading, with the CFO mentioning during the second-quarter earnings call that each transaction incurs a few basis points, with about half shared with Arbitrum. Since July, other metrics for Robinhood Chain have risen, with the decentralized exchange (DEX) achieving a 24-hour trading volume of approximately $1.4 billion, nearly reaching $370 million on July 29. The market value of real-world assets (RWA) on the network increased from nearly $28 million to about $163 million, with approximately $95 million attributed to Syrup USDG private credit. Nevertheless, the 24-hour net flow was approximately negative $20 million, while DEX trading volume and RWA value remained above July levels.

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