Robinhood Chain generated more revenue for the applications running on it than Ethereum did over the past 24 hours, two months after the network went live.
The chain Robinhood built to trade tokenized stocks now earns most of its application revenue from memecoin speculation. The ranking also rests on a metric that strips out stablecoin issuers, liquid staking and gas fees, the categories that produce most of Ethereum's onchain income.
Robinhood Chain's 24-hour app revenue was $2.66 million as of 18:30 UTC on Monday, against $1.28 million for Ethereum, according to DefiLlama. Solana led all networks with $5.07 million, followed by Robinhood Chain, Hyperliquid at $1.7 million, BNB Chain at $886,126 and Base at $438,882.
Pons, a token launchpad that exists only on Robinhood Chain, collected $5.34 million in fees over 24 hours and $16.77 million over seven days, DefiLlama data shows. Its V2 contracts keep 30% of curve and Uniswap V4 swap fees for most pools and charge 0.0005 ETH per token launched, with the rest going to token creators. Roughly 80% of V1 revenue funds buybacks and burns of the PONS token.
PONS traded at $0.32 on Monday, up 13.7% over 24 hours and 313.6% over seven days, for a market capitalization of $230 million, according to CoinGecko.
