Exchanges· ★★★· neutral·

Robinhood Chain generated $51.1M in first-quarter fees

  • —First-quarter fees on Robinhood Chain totaled $51.1 million
  • —Average daily fees dropped to about $52,000 in October
  • —In late August the average fee jumped from $0.002 to $0.298 on gas backlog
  • —The data comes from Entropy Advisors' Tom Wan
Why it matters: The earnings report will show whether Robinhood treats the chain as a standalone revenue source or as infrastructure for its other businesses.
Source: ChainCatcher 链捕手
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