Robinhood Chain DEX volume reaches $1.67B, chain fees surge 76%.

iconChainthink
Share
AI summary iconSummary
On-chain data shows that Robinhood Chain’s DEX volume reached $1.67 billion in 24 hours, a new record and the second-highest globally, behind Solana. Network fees surged 76% to $3.75 million, more than double the combined fees of Solana, Ethereum, BSC, and Base. On-chain analysis by DeFiLlama reveals that chain revenue reached $3.38 million—10.7 times the combined revenue of the other four chains.

ChainThink reports that, as of September 2, data from DeFiLlama shows Robinhood Chain’s DEX trading volume over the past 24 hours reached approximately $1.673 billion, setting a new all-time high and ranking second globally, behind only Solana (approximately $2.454 billion), and surpassing Ethereum Mainnet (approximately $1.378 billion), BSC (approximately $1.093 billion), and Base (approximately $838 million).

Regarding network layer fees, Robinhood Chain's chain fees over the past 24 hours amounted to approximately $3.75 million, a 76% increase from the previous day, maintaining its position as number one on DeFiLlama by chain dimension—roughly twice the combined fees of Solana, Ethereum, BSC, and Base over the same period.

According to DeFiLlama’s chain economics model, Robinhood Chain generated approximately $3.38 million in chain revenue over the past 24 hours, a 76% increase from the previous day—roughly 10.7 times the combined revenue of Base (~$119,000), Solana (~$86,700), Ethereum (~$59,700), and BSC (~$51,000).

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.