TREE NEWS reports: Applications on the two-month-old Robinhood Chain network earned $2.66 million in 24 hours, ranking second behind Solana, with a memecoin launchpad as the biggest single source. This marks a significant milestone as the new chain surpasses Ethereum in daily app revenue.
Robinhood Chain Tops Ethereum in Daily App Revenue
The fact that a two-month-old chain can out-earn Ethereum in daily app revenue, driven largely by memecoin activity, underscores how quickly user attention and fee generation can migrate in this market. It highlights the growing competitive pressure on established networks from newer, faster, and cheaper alternatives that cater to speculative retail flows. The concentration of revenue in a single launchpad raises questions about sustainability and whether this is a durable shift or a temporary spike tied to current hype cycles. Watch whether other emerging chains can replicate this model and whether Ethereum responds with structural changes to retain app developers and users.
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