Robinhood Chain tops Ethereum L2 revenue with $3.6M in first month

Robinhood Chain generated roughly $3.6 million in transaction fees in its first month of operation, making it the top revenue-producing Layer-2 network across the entire Ethereum ecosystem. That figure accounted for approximately 38% of the estimated $6.3 million in total fees collected across major L2 networks during July.

Robinhood Chain launched its public mainnet on July 1, 2026.

How a brokerage outpaced crypto-native L2s

Robinhood Chain is built on Arbitrum’s technology, making it an Ethereum-compatible rollup. The network supports 24/7 trading of tokenized stocks and decentralized finance applications. Reports indicate daily trading volumes reaching into the hundreds of millions of dollars shortly after launch, with tens of millions of individual transactions processed within the first two weeks alone.

Some estimates suggest its share of total L2 fees may have been as high as 56%, depending on which networks are included in the denominator.

Under the Arbitrum Expansion Program, Robinhood allocates 10% of its net protocol revenue back to the Arbitrum ecosystem. Of that 10%, 8% goes to support ARB token holders and 2% flows to ecosystem developers. The remaining 90% is retained by Robinhood.

The Ethereum revenue problem, amplified

In the early days following Robinhood Chain’s launch, Ethereum’s mainnet received only a few thousand dollars in fee transfers from the new L2.