Robinhood Chain Fees Drop 63% In A Month From A $31.5M Daily Peak

Robinhood Chain is earning far less than it was a month ago. Robinhood Chain fees came to $131.3 million over the 30 days to October 17, according to DefiLlama. The 30 days before that produced $352.2 million. That is a fall of about 63%, by our arithmetic from the daily chain totals.

How Robinhood Chain fees peaked and faded

The daily high came on September 4, at $31.5 million. By October 17 the day's figure was $1.85 million. Daily fees were still above $10 million on September 14. The steps down after that were steady. They read $5.0 million on September 28, $3.7 million on October 5 and $3.0 million on October 12.

October 17 also marks the lowest day since August 16, when the chain made $1.55 million.

DefiLlama's series starts in June and shows fees from July. July came to $110.8 million and August to $126.5 million. September, helped by the early-month peak, reached $355.9 million. October so far is $52.3 million over 17 days. Lifetime fees stand at about $645.5 million.

Daily Robinhood Chain fees in dollars for October 8 to 17, from the DefiLlama API. Source: DefiLlama.

Where Robinhood Chain fees come from

Uniswap V4 is the largest earner on the chain, at $8.3 million over seven days and $47.6 million over 30. Pons V2 follows at $3.3 million for the week and $38.4 million for the month. Uniswap V3 adds $1.3 million, and Fables $0.8 million.

Most of the top names fell on the week. Pons V2 dropped about 27%, Uniswap V4 about 14% and Uniswap V3 about 14%. A few small apps grew, including GMGN at about 16% and Lighter Robinhood Perps at about 9%, but both are small next to the leaders.

The two largest apps matter more than the rest combined. Uniswap V4 and Pons V2 together made $86.0 million over 30 days, about 65% of the chain's total by our sum. Any change in either of them moves the whole chain figure. Smaller apps such as GMGN, at $5.4 million for the month, and Fables, at $5.0 million, cannot offset that.

Top fee earners on Robinhood Chain for the latest seven days and 30 days, in dollars, from the DefiLlama API. Source: DefiLlama.

Fees and value held do not move together

Over the latest seven days the chain made $18.0 million, 16% under the $21.4 million of the week before. It still ranks fourth among chains on DefiLlama's weekly fee table, behind Solana, Ethereum and Hyperliquid.

The slide in Robinhood Chain fees comes while another measure has held up. Our earlier piece on the chain's total value locked showed it close to its peak, around $1.05 billion. Value held and fees paid are different things, and the data here does not say why they have diverged.

These are fee totals as DefiLlama models them, not profit, and each daily number covers a full UTC day. This article reports public data and is not advice to buy or sell any token.