Robinhood Chain Leads L2 Networks in Fees and DEX Volume Two Months After Launch

According to a report by Spartan Group, Robinhood Chain has become the top Layer 2 network in terms of on-chain gas fees and DEX trading volume since its mainnet launch on July 1. As of August, the network's TVL reached $711 million, with $6.6 million in gas fees generated. After accounting for Ethereum settlement costs and Arbitrum DAO revenue sharing, Robinhood retained approximately $6 million. The report notes that while over 340,000 tokens have been issued, activity is currently driven by crypto-native users and Launchpad ecosystems, with Robinhood's 27 million funded accounts yet to fully migrate on-chain.