Robinhood Chain Generates $350K in Network Fees, TVL Hits $315M

• Robinhood Chain generated $350,000 in daily network fees, ranking fourth behind Canton, Tron, and Solana.
• The network’s total value locked reached $315 million since launching on July 1 with support for tokenized assets.
• Arkham added full Robinhood Chain integration, while Uniswap led application fees with $3.3 million in the past 24 hours.

Robinhood Chain generated $350,000 in network fees during the past 24 hours, placing fourth among blockchain networks behind Canton, Tron and Solana, according to Arkham, citing DeFiLlama data. The Ethereum Virtual Machine chain launched on July 1 for tokenized equities and ETFs, however, it has also attracted strong meme coin trading activity.

According to Arkham, Robinhood Chain has grown to $315 million in total value locked since its July 1 launch. The network was introduced by Robinhood to support onchain trading of tokenized real-world assets, including equities and exchange-traded funds.

However, Arkham said meme coin trading has become another major source of activity on the chain. As trading increased, users generated enough network fees to rank the blockchain behind only Canton, Tron and Solana during the past day.

Arkham also noted the difference between application fees and network fees. Application fees come from software platforms, while network fees pay blockchain validators to process and record transactions.

As network activity expanded, Uniswap became the largest application operating on Robinhood Chain. According to Arkham, Uniswap generated $3.3 million in application fees during the past 24 hours, well ahead of other applications on the network.

Arkham also announced full support for Robinhood Chain across its platform. Users can now access the blockchain through Arkham’s explorer while using its intelligence tools to monitor activity.

Researchers and traders can paste a Robinhood Chain transaction ID into Arkham’s search bar to verify transfers and review smart contract executions directly on the network.

According to Arkham, users can also examine wallet balances, transaction histories, current portfolios and top counterparties on Robinhood Chain. The platform’s entity clustering feature also supports the network, allowing users to search known entities and view their combined holdings.

Arkham highlighted one recent example involving wallet address 0x4A5. According to the company, the trader turned a $316 allocation into a $2.17 million position through trades involving CASHCAT, which Arkham identified as the network’s leading meme coin.