Robinhood Chain generates $50.2M in fees, captures 57% of Uniswap revenue
- —Robinhood Chain drove 57.3% of Uniswap protocol revenue Sept 1–23
- —Peak daily fees reached roughly $8 million in early September
- —Per-transaction fees fell 97%, from 64 cents to under 3 cents
- —Weekly DEX volume held at $12–13 billion; 10% of net revenue goes to Arbitrum
Why it matters: Gas subsidies expire September 29, a natural test of whether the chain has real network effects or just bought its volume.
Source: Crypto Briefing