Robinhood Chain Daily Gas Fees Surge 82x in 11 Days

Daily gas fees on Robinhood Chain, an Ethereum Layer 2 network built on Arbitrum Orbit, surged 82-fold in 11 days, reaching approximately $3.75 million on September 1. This makes it the highest gas-consuming network, surpassing all others. The surge is driven by meme coin speculation, with the token launch platform Pons contributing significantly to volume. Average transaction fees rose to $0.33, compared to $0.0026 on Base and $0.013 on Solana. Under the protocol agreement, 10% of net revenue is allocated to the Arbitrum ecosystem. Robinhood Wallet continu