Robinhood Chain Hits Record $3.7 Billion in 24-Hour DEX Volume as Arbitrum Revenue Sharing Draws Debate
Robinhood Chain set a new all-time high of $3.7 billion in 24-hour DEX volume on September 5, while an Arbitrum co-founder and Solana co-founder clashed over the merits of Robinhood's revenue-sharing model.
Why it matters
The record DEX volume and growing ETH bridging activity signal accelerating adoption of Robinhood Chain, which could sustain Arbitrum's recent price rally if the revenue-sharing arrangement continues generating meaningful flows to the Arbitrum ecosystem. The debate between Goldfeder and Yakovenko highlights a broader strategic question about whether blockchain infrastructure providers benefit more from chain-level revenue sharing or application-level monetization.
Where the sources disagree
Robinhood Chain daily transaction fees
$6.04 million
Crypto.News
approximately $3.75 million
BTC-ECHO
Crypto.News reported $6.04 million in daily fees, while BTC-ECHO reported approximately $3.75 million in daily fees for early September.
Robinhood Chain 24-hour DEX volume
$3.7 billion
U.Today
over $1.5 billion
BTC-ECHO
U.Today reported $3.7 billion in 24-hour DEX volume on September 5, while BTC-ECHO reported over $1.5 billion in daily DEX volume in early September.
Key facts
Robinhood Chain recorded a new all-time high of $3.7 billion in 24-hour DEX volume as of September 5.
3,700,000,000 USDDisputed figureReported by U.Today
Robinhood Chain ranked 5th among major blockchain networks in 30-day DEX volume with $23.09 billion.
23,090,000,000 USDReported by U.Today
Offchain Labs co-founder Steven Goldfeder said Robinhood retains roughly 90% of net chain revenue under the Arbitrum Expansion Program.
90 %Reported by Crypto.News
Robinhood Chain routes 10% of net protocol revenue to the broader Arbitrum ecosystem, with 8 percentage points going to the Arbitrum DAO and 2 supporting its developer guild funding program.
10 %Reported by Crypto.News
Robinhood Chain collected $6.04 million in daily transaction fees and retained approximately $5.44 million after expenses and revenue sharing.
6,040,000 USDDisputed figureReported by Crypto.News
ARB token price rose from approximately $0.08 in late August to nearly $0.20 in September, representing an increase of over 120%.
120 %Reported by U.Today
Over $700 million in ETH was bridged from Ethereum to Robinhood Chain in September, representing a roughly 150% surge over the prior month.
700,000,000 USDReported by U.Today
What happened
Robinhood Chain, an Ethereum layer-2 network built on Arbitrum technology, recorded a new all-time high of $3.7 billion in 24-hour DEX volume as of September 5, according to onchain data cited by U.Today. The figure placed Robinhood Chain ahead of Solana and Ethereum for that single day, though over a 30-day window it ranked fifth with $23.09 billion versus Solana's approximately $64.54 billion. Offchain Labs co-founder Steven Goldfeder argued that Robinhood retains roughly 90% of net chain revenue under the Arbitrum Expansion Program, routing 10% of net protocol revenue — with 8 percentage points going to the Arbitrum DAO and 2 supporting its developer guild funding program — back to the broader Arbitrum ecosystem. Solana co-founder Anatoly Yakovenko countered that Robinhood could instead monetize users through application-level fees directly. Separately, U.Today reported that over $700 million in ETH was bridged from Ethereum to Robinhood Chain in September, representing a roughly 150% surge over the prior month, and Binance launched perpetual contracts for PONS, the native utility token of the Pons launchpad on Robinhood Chain, with up to 20x leverage.
How the story developed
- First report
First report by U.Today
Robinhood Chain Hits Record $3.7 Billion in 24-Hour DEX Volume
- Update
Robinhood Chain hits record $3.7 billion in 24-hour DEX volume
Onchain data showed Robinhood Chain achieved a new all-time high, surpassing Solana and Ethereum for the 24-hour period.
- Independent corroboration
Independently corroborated by Decrypt
What Is Robinhood Chain? The Ethereum Layer-2 Network for Tokenized Stocks and Meme Coins
- Update
Arbitrum co-founder and Solana co-founder debate Robinhood's revenue model
Steven Goldfeder defended Robinhood's choice of Arbitrum over Solana, arguing Robinhood retains 90% of net chain revenue, while Anatoly Yakovenko argued Robinhood could monetize users through application-level fees.
- Update
ARB token surges over 120%
Arbitrum's native token rose from approximately $0.08 in late August to nearly $0.20, driven by Robinhood Chain activity and its revenue-sharing arrangement.
- Update
Binance lists PONS perpetual contracts
Binance launched perpetual contracts for PONS, the native utility token of the Pons launchpad on Robinhood Chain, with up to 20x leverage.
- Update
Over $700 million in ETH bridged to Robinhood Chain
Bridge deposits from Ethereum to Robinhood Chain surged by approximately 150% over the prior month.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 5 Sept 2026, 12:54 UTC: U.Today — 1 independent source, 1 reports
- 5 Sept 2026, 16:06 UTC: Decrypt — 2 independent sources, 2 reports
- 6 Sept 2026, 07:56 UTC: Crypto.News — 3 independent sources, 3 reports
- 6 Sept 2026, 10:00 UTC: U.Today — 4 independent sources, 4 reports
- 6 Sept 2026, 13:20 UTC: BTC-ECHO — 5 independent sources, 6 reports
Affected entities
Also mentioned: Binance, United States, Hyperliquid, Uniswap, Base, United Kingdom, Chainlink
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| U.Today Crypto media | Robinhood Chain Hits Record $3.7 Billion in 24-Hour DEX Volume | Original | |
| Decrypt Crypto media | What Is Robinhood Chain? The Ethereum Layer-2 Network for Tokenized Stocks and Meme Coins | Independent | |
| BTC-ECHO Crypto media | 120 Prozent im Plus: Robinhood-Hype beflügelt Arbitrum | Independent | |
| Crypto.News Crypto media | Arbitrum co-founder defends Robinhood’s 90% fee share | Independent | |
| U.Today Crypto media | Arbitrum (ARB) Suddenly Up 120% | Syndicated | |
| U.Today Crypto media | Two Hot New Cryptos From Robinhood and BNB Officially Listed on Binance Futures: Full Details | Syndicated | |
| U.Today Crypto media | $700 Million in Ethereum (ETH) Bridged to Robinhood Chain as Activity Jumps 150% | Syndicated |
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