Robinhood Chain Overtakes Ethereum in Daily Revenue as Memecoin Trading Surges
The two-month-old blockchain, built for tokenized stocks, is now dominated by speculative token launches and memecoin trading, according to DefiLlama data.
AfroEuropa Newsroom
AfroEuropa desk
Robinhood Chain, the blockchain launched to host tokenized stocks and other real-world assets, is seeing its activity dominated by memecoin trading rather than the regulated equities it was designed for, according to reporting from BitKE and CoinDesk.
The network processed a record 5.52 million transactions on August 30, 2026, while decentralized exchanges recorded roughly $875 million in trading volume, BitKE reported. On the same day, users created about 22,600 tokens through the Pons launchpad.
Memecoin trading tools GMGN and Pons, together with Uniswap, accounted for about 88% of the chain's $2.66 million in application revenue over a 24-hour period, based on DefiLlama data cited by BitKE. That figure was around twice Ethereum's application revenue and roughly six times that of Base over the comparable period.
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