Robinhood Chain 24h App Revenue $1.84M, Surpasses Ethereum to Rank 2nd

The revenue flip is less about Ethereum's decline and more about where retail-driven activity is concentrating. Robinhood Chain's rise to second place signals that integrated exchange-backed networks can rapidly generate fee density, a metric that traditionally favored base-layer incumbents. This shifts the competitive lens from technology to distribution — the chain benefits from an existing user base funneling transactions. Whether this pace sustains beyond the initial migration wave is the open question, as revenue spikes often trail promotional or incentive-driven usage.