How does Robinhood Chain stack up against other L2s?
Looking at each one at their 13-day-old mark,
@RobinhoodApp is:
1st in Volume, by 7.5x!
- Robinhood $5.01B
-
@base $661M
-
@arbitrum $367M
1st in Fees, by 3x
- Robinhood $22.7M
- Base $7.77M
-
@blast $2.36M
2nd in Revenue, 93% lower than leader
- Base $3.4M
- Robinhood $247K
- Arbitrum $163K
4th in TVL, 84% behind leader
- Blast $1.02B (remember airdrop farming?)
- OP Mainnet $353M
- Base $182M
- Robinhood $159M
Takeaways:
- Memecoin traders generate volume/fees, not TVL
- Very high volume/TVL ratio (capital efficiency)
- Low revenue/fees ratio = lack of economic distribution