Robinhood Chain App Revenue Tops Ethereum as Memecoins Surge
Apps on Robinhood Chain earned about $2.66M in 24 hours, beating Ethereum and second only to Solana on DeFiLlama. Token-creation app Pons added around 22,600 new tokens in a day, up more than 40%, mostly fast-spawning memecoins. Pons and GMGN together generated roughly $2M of the app revenue, even as the chain was launched for tokenized stocks and other traditional assets.
Coverage (4)
- Robinhood memecoin expansion teased by CEO Vlad Tenev (crypto.news)
- Robinhood Chain DEX Volume Jumps to $1.6 billion (decrypt.co)
- Robinhood Chain's Daily App Revenue Doubles Ethereum's as Memecoin Frenzy Sets Records (finance.biggo.com)
- Robinhood Chain beats Ethereum in daily revenue as memecoin trading takes over (coindesk.com)