Report: Robinhood Chain Ranks First in L2 Chain Fees and DEX Trading Volume Two Months After Launch

According to TechFlow, on September 25, a report from Spartan Group indicated that since its mainnet launch on July 1, Robinhood Chain has become the L2 network with the highest on-chain fees and DEX trading volume, ranking third in TVL.

In August, Robinhood Chain's TVL rose to $711 million, and on-chain gas fees totaled $6.6 million, of which Robinhood secured approximately $6 million after accounting for Ethereum settlement costs and the Arbitrum DAO share. During the same period, on-chain applications generated roughly $114 million in fees, with over 340,000 tokens completing their launches. The report noted that trading activity remains largely driven by crypto-native users and the Launchpad ecosystem, as Robinhood's approximately 27 million deposit accounts have not yet moved to on-chain at scale.