Covalent
Covalent|Sep 01, 2026 07:48
Robinhood Chain went from almost no gas activity in mid-August to $1.1M yesterday, then roughly $2.2M today. 30-day gas spend is now $6.65M. Uniswap stock tokens and meme activity are still driving the demand for blockspace. Arbitrum takes 10% of Robinhood Chain’s gas, meaning roughly $110K yesterday and $220K today flowed back to the L2. The chain launched in July. A few weeks later, its activity is starting to show up in Arbitrum’s revenue. Data from @goldrushdev(Covalent)
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