Robinhood Chain Research Report: On-chain Gas Revenue Reaches $6.6 Million in August, DEX Trading Volume Rises to $1.5 Billion

BlockBeats news, September 25 — According to a report released by Spartan Capital, Robinhood Chain launched its mainnet on July 1, 2026. As of the end of August, on-chain DEX trading volume rose to $1.5 billion, TVL increased to $711 million, and on-chain Gas revenue reached $6.6 million in August.

The report shows that most of Robinhood Chain's August trading volume came from Uniswap, with single-day on-chain fees once reaching $2.1 million on August 31. Robinhood operates the sequencer and receives approximately 90% of on-chain fees. After deducting Ethereum settlement costs and the 10% licensing share paid to Arbitrum DAO, net income in August was approximately $6 million.

On the Robinhood Earn side, users deposit USDG and borrow through Morpho. Deposit scale grew from $9.5 million on July 1 to $456 million on August 31, accounting for 68% of Robinhood Chain's TVL at the end of that month. Users can earn an estimated annualized yield of approximately 7%, while the lending side yield was approximately 3.7% at the end of August, with the difference subsidized by reward funds provided by Morpho and its lending partners.

Meanwhile, Robinhood Chain's Meme ecosystem is growing rapidly. As of the end of August, more than 340,000 tokens had been issued on-chain, and application-layer fees reached $114 million in August. The report states that trading volume for Meme and tokenized stock trading pairs also grew rapidly, with Meme tokens using Robinhood Stock Tokens as trading pairs reaching $518 million in trading volume in August.

The report notes that trading activity on Robinhood Chain is currently still mainly driven by crypto-native users, and Robinhood's own 27 million funded accounts have not yet migrated to the chain on a large scale. Gas subsidies within the Robinhood wallet will continue until September 29, while Earn yields are also planned to be gradually lowered.