Robinhood generates $51 million in blockchain fees while Ethereum settlement costs total just $69,000
Summary
Robinhood Chain, an Ethereum layer-2 launched July 1, processed $14.05 billion in tokenized stock trading during its first quarter and collected $51.11 million in fees. Robinhood retained an estimated $45.93 million, while Arbitrum received about $5.11 million and Ethereum just $69,170 in settlement fees. The network’s September volume surged, but nearly 80% of quarterly fees came that month, including a 12-day spike, raising questions about whether revenue can persist as costs normalize. Its growth highlights proprietary blockchains’ potential for financial firms and the limited fee capture Ethereum may receive from layer-2 activity. Robinhood’s next test is sustaining use through further trading and tokenized-stock lending.
