✴️🔥 On September 1, Robinhood Chain — the broker Robinhood's blockchain network — generated $3.75M in daily fees, setting a new record for the fourth consecutive day and becoming the highest fee-earning network for the day.
Robinhood Chain allocates 10% of its fees to the Arbitrum Foundation, of which 80% goes to Arbitrum DAO and 20% to a developer fund.
The Arbitrum ($ARB) ecosystem's daily revenue from Robinhood Chain thus totaled approximately $370K. By comparison, the Arbitrum network itself earned less than $15K in fees on the same day.
— DefiLlama
