Robinhood Chain has reached a DEX trading volume of $1.33 billion in the past 24 hours, surpassing Ethereum, BSC, and the Base network.

BlockBeats News, August 31st, according to DefiLlama data, the Robinhood Chain's DEX trading volume in the past 24 hours was approximately $1.33 billion, marking a new all-time high for the fourth consecutive day. The 7-day trading volume is around $6.16 billion, a weekly increase of about 79%.

The $1.33 billion daily trading volume surpassed that of the Ethereum mainnet ($993 million), BNB Chain ($962 million), and Base Network ($881 million) during the same period, ranking second only to Solana ($1.86 billion).

It is worth noting that the DeFi TVL of the Robinhood Chain is only $725 million, which is approximately 13% of Solana/Base/BSC; around 1.5% of Ethereum. However, benefiting from the high trading activity of meme coins, the Robinhood Chain generated $1.07 million in Chain Fees in the past 24 hours, equivalent to the sum of Ethereum ($362,000) and Solana ($677,000) during the same period, making it the chain with the highest network fees (excluding the application layer).

According to DefiLlama's calculation of sustainable income based on the chain's economic model, Robinhood Chain's 24-hour revenue reached a high of $963,000, far surpassing Ethereum ($70,000), Solana ($84,000), BSC ($44,000), and Base Network ($93,000) – three times the total of several other mainstream public chain networks.

However, this does not mean that the overall revenue of the Robinhood ecosystem has surpassed that of Solana or Ethereum, as DefiLlama's statistics on chain revenue only measure network-level income. The abnormality in Robinhood Chain's revenue is essentially the result of the meme trading frenzy overlaid with the L2 sequencer economic model. Unlike chains such as Ethereum, Solana, and BSC, after paying Ethereum data costs and Arbitrum authorization fees, the Robinhood Chain can still retain most of the user gas fees. Therefore, when high-frequency meme trading floods the network, network-level income is rapidly amplified.