Memes Robinhood Chain reportedly out-earned Ethereum in daily fees on memecoin volume

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Robinhood's own chain, live for barely two months, apparently pulled in more daily revenue than Ethereum on August 30. According to the report, the network processed 5.52 million transactions that day, a record, with users launching 22,600 tokens in a 24 hour window. Most of the $2.66 million in revenue came from memecoin trading tools rather than general activity.

For a chain this young to beat Ethereum on fees for a day is a notable flip given the gap in age and total value secured between the two. It says more about how much cheap, high frequency memecoin deployment and trading can generate in fees than about Robinhood Chain overtaking Ethereum as infrastructure. Ethereum still carries far more value and a much wider set of applications, this looks like a single day where volume concentrated somewhere new.

The 22,600 token launches in one day is the number that stands out most. That is an enormous amount of new tokens being minted daily, and it lines up with the broader trend this year of low friction launchpads turning token creation into something closer to a high volume consumer app than a deliberate listing event. Whether that pace of launches and trading fees is sustained on Robinhood Chain, or whether this was a one day spike tied to a particular hot cycle of tokens, is not clear from the numbers given.

Anyone tracking Robinhood Chain's daily numbers versus Ethereum since launch, is this a one-off or has the gap been closing for a while?

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Robinhood Chain hit $945M in daily DEX volume, memecoin Pons drove half of it

Quick update on the Robinhood Chain thread from a bit back.

New all time high for the chain: $945M in daily DEX volume on Aug 25, nearly double the previous record of $563M set on July 8. Cumulative volume since the July 1 mainnet launch is now past $47B in under two months, putting Robinhood Chain fifth among all chains on 30-day volume at roughly $15B, ahead of longer-running L2s like Arbitrum One outright.

The composition is the interesting part. A memecoin called Pons, launched through the chain's own launchpad, was responsible for roughly half of DEX volume at its peak, and on Aug 30 alone it contributed $445M of the chain's $874.8M that day. That's on top of CASHCAT, the chain's earlier breakout meme token that had touched a $156M market cap before Pons took over. Tokenized equities (NVIDIA, Apple, GameStop, SpaceX wrappers) and Arcus's new leveraged pTokens also layered onto the same day's activity, but a single memecoin still moved the needle more than either.

TVL on the chain went from $4M in June to about $1.4B now. Zero gas fees, subsidized through end of September, are clearly a big part of why traders are routing through it instead of established venues.

The open question is what happens to this volume once the subsidy runs out and people have to actually pay for their trades.

Anyone tracking Pons or CASHCAT closely, or is this mostly bots and farming for the eventual token/points angle?

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Pons launchpad reportedly out-earned Hyperliquid, Polymarket and Fomo combined in 24h fees

Follow up to our earlier thread on Robinhood Chain out-earning Ethereum on memecoin fees, where the chain built for tokenized stocks got taken over by meme traders instead.

The new number is the one turning heads. Pons, the launchpad that dominates token launches on Robinhood Chain, reportedly pulled in more fees in a single 24 hour window than Hyperliquid, Polymarket and Fomo combined. That is three protocols people generally treat as the serious end of on chain volume, all beaten by a launchpad for meme tokens on a network nobody expected to be a degen playground.

Pons says it has run $4.54 billion in cumulative volume in under two months of existence, and it is now handling the bulk of all token launches happening on the chain. Its own token hit a fresh all time high on September 1 and currently sits as the largest token on Robinhood Chain by market cap.

The pattern here is becoming familiar: a chain gets built for one purpose, institutional or otherwise, and speculative token trading ends up generating far more activity and fees than whatever the chain was designed for. Solana has lived this story for years. Now it looks like it is repeating on infrastructure Robinhood built with a completely different audience in mind.

Fee comparisons like this move fast and can flip within days depending on volume spikes on either side, so treat the snapshot as a moment in time rather than a settled ranking.

Anyone actually trading on Robinhood Chain right now, or is this mostly bots and launch snipers running the volume up?

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