Robinhood Chain Report: August On-Chain Gas Revenue Hits $6.6 Million

According to a report by Spartan Capital, Robinhood Chain reached $1.5 billion in DEX trading volume and $711 million in TVL by the end of August. The network generated $6.6 million in gas revenue in August, with Robinhood netting approximately $6 million after costs. Robinhood Earn deposits grew to $456 million, representing 68% of the chain's TVL. While the meme coin ecosystem is expanding with over 340,000 tokens issued, the report notes that most activity is currently driven by crypto-native users rather than Robinhood's 27 million funded accounts. Gas subsidies for the Robinhood wallet are set to end on September 29.