Robinhood Chain gas fees surge 82x in 11 days, surpassing all other chains

ChainCatcher report, according to DeFiLlama data, Robinhood Chain, Robinhood’s Ethereum Layer 2 network, saw its daily gas fees surge approximately 82-fold over 11 days, surpassing all other blockchain networks to become the chain with the highest daily gas fees. Built on the Arbitrum Orbit tech stack, the network has been live for only about two months. Data shows that Robinhood Chain’s daily average gas fees rose from around $56,000 on August 23 to approximately $3.75 million on September 1, setting new all-time highs for multiple consecutive days. The spike in fees was primarily driven by speculative trading of meme coins, with on-chain DEX weekly trading volume briefly exceeding $1 billion, largely contributed by the token launch platform Pons. As of September 1, the average transaction fee on the chain reached $0.33, compared to approximately $0.0026 on Base and $0.013 on Solana. The high fees have generated substantial revenue for Robinhood Chain. Per protocol terms, 10% of net revenue is allocated to the Arbitrum ecosystem—80% to Arbitrum DAO and 20% to the developer fund; in contrast, Arbitrum One’s gas fees on the same day were under $15,000. Robinhood’s official wallet continues to offer gas subsidies for eligible transactions, which will remain in effect until September 29.