Robinhood Chain Hits Record High with $13.05M in Fees in Two Months

Odaily News: Robinhood Chain has generated $13.05 million in cumulative transaction fees in just two months since its launch, setting a new record. Based on the annualized average of the last 30 days' fee revenue, its annualized revenue is approximately $110 million. Based on current cumulative revenue, about $1.3 million will go directly to the Arbitrum ecosystem. According to the licensing agreement between the two parties, Robinhood Chain is required to return 10% of its net protocol revenue to the Arbitrum ecosystem, with 8% going to the Arbitrum DAO treasury and 2% to the Arbitrum Developer Guild.