Arbitrum DAO reports $6.2 million in first-half income as Robinhood Chain adds new revenue stream

The Block3h agoUpdated 1h ago
Arbitrum DAO reports $6.2 million in first-half income as Robinhood Chain adds new revenue stream
Smart Read

Licensing fees accounted for 35% of the DAO's income in July, the first month Robinhood Chain was live on mainnet.

Coins in this story

ARB
₹0.124021
+15.86%

Discussion

Related stories

CryptoSlate

$2.7 million poured into Robinhood Chain apps in one day, but it barely touches corporate revenue

Apps captured the headline revenue while Robinhood’s disclosed fee split offers no bridge to its corporate accounts. The post $2.7 million poured into Robinhood Chain apps in one day, but it barely touches corporate revenue appeared first on CryptoSlate.

CoinDesk

Robinhood's new crypto network is printing cash, and it's sending Arbitrum's token soaring

Revenue on Robinhood Chain hit a 24-hour record of $1.9 million, driving a 30% rally in ARB as traders chased downstream gains.

CoinDesk

Bitcoin consolidates near $78,000 as Arbitrum surges 30% on Robinhood Chain revenue

BTC drifted lower after last week's rally to $81,428, while ARB led DeFi gains as Robinhood Chain's daily fees topped $2 million.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.