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A strong surge in network activity on Robinhood Chain has driven daily transaction fees to record levels, significantly boosting revenue for the Arbitrum ecosystem. According to DeFiLlama data, Robinhood Chain generated approximately $3.75 million in daily fee revenue on September 1st, reaching an all-time high for the fourth consecutive time. This performance propelled Robinhood Chain to the top fee-generating blockchain network of the day.
It is stated that 10% of Robinhood Chain’s fee revenue is shared with the Arbitrum Foundation. 80% of this share goes to the Arbitrum DAO, and the remaining 20% goes to the developer fund. Accordingly, just one day of Robinhood Chain activity generated approximately $370,000 in revenue for the Arbitrum ecosystem.
What’s remarkable about the figures is that the revenue generated from Robinhood Chain significantly exceeded the fee revenue from Arbitrum’s own mainnet. On the same day, it was reported that the total transaction fees generated by the Arbitrum network remained below $15,000.
DeFiling data also shows that the total value of assets locked on Robinhood Chain has reached approximately $757 million, while the stablecoin market capitalization has reached $833 million.
As a result of these developments, the price of Arbitrum ($ARB) also increased.
*This is not investment advice.
Source: <a href="https://cryptonews.net/news/blockchain/33388865/” target=”_blank” rel=”nofollow noopener”>cryptonews.net