Robinhood Chain generated a record $6m in fees in a single day on Friday, 4 September, as activity on its decentralised exchanges (DEXs) surged and the network’s weekly fee income rose sharply.
Fees collected over the previous seven days reached approximately $25m, compared with $1.4m in the preceding period. That represents a 17-fold increase in just one week.
The rise came alongside a substantial increase in trading activity. Total DEX volume on Robinhood Chain amounted to $12.4bn for the week, more than twice the figure recorded during the previous seven days.
However, the growth was not driven by a larger number of active users. Daily active accounts averaged 396,000 over the week, a lower figure than the average recorded in the preceding week.
That suggests Robinhood Chain has been generating significantly more revenue from its existing users. Fees generated per active account increased from $0.13 in mid-August to $15.90 by the beginning of September.
The sharp change in performance has been closely linked to Pons, which has become the leading token launchpad on Robinhood Chain.
On 3 September, Pons generated almost $6m in fees. That daily total was higher than the fees recorded by both Pump.fun and Hyperliquid over the same period.
The PONS token subsequently reached an all-time high valuation of more than $970m on 5 September. Its value also increased by more than 200% over the course of the previous week.
Pons operates with tokenomics that can reinforce demand for its native token. About 80% of the revenue generated by the protocol is directed towards token buybacks, while more than 28% of the total PONS supply has already been burnt.
The future performance of the protocol will depend in part on whether it can maintain the pace of token launches and trading activity. Fees are a lagging indicator of the number of new pools available to trade, meaning current fee levels reflect activity generated by pools that have already been created.
The key question is whether Pons can sustain its growth if trading volume declines. Its recent performance has raised interest in whether the cycle of new launches, increased activity, fee generation and token buybacks can continue in the coming weeks.
The figures were published as part of The Block’s Data & Insights newsletter, which examines the data behind some of the cryptocurrency industry’s most significant trends.
A separate feature in the newsletter, “Polymarket Fundamentals: Prediction Markets 101”, was also highlighted alongside the analysis.
