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Robinhood Chain recorded $2.66 million in daily app revenue, surpassing Ethereum mainnet and Hyperliquid over the same 24-hour measurement window, according to validated DeFiLlama-style dashboard data.
The metric has attracted attention because it places a brokerage-linked chain above some of crypto’s most visible revenue generators for a short period. But the framing needs care.
This does not mean Robinhood Chain has displaced Ethereum as the center of crypto activity. It does not mean Ethereum’s ecosystem is weakening. It means a specific revenue metric, over a specific window, briefly favored Robinhood Chain.
That is still worth noting.
App revenue is becoming one of the more useful ways to understand where crypto users are paying actual fees.
For more details, visit the official Defillama platform.
TL;DR
Robinhood Chain recorded $2.66 million in 24-hour app revenue.
The figure placed it above Ethereum mainnet and Hyperliquid for that measurement window.
The comparison is metric-specific and should not be treated as a full ecosystem ranking.
Why App Revenue Matters
Crypto markets often center on price, volume, and total value locked.
Revenue adds another layer. It shows where users are paying for activity. That can include trading, lending, borrowing, settlement, bridging, derivatives, or other application-level interactions.
A chain with meaningful app revenue may have real economic activity rather than only idle liquidity.
That is why traders and analysts increasingly watch revenue dashboards. They can reveal which ecosystems are monetizing usage, not just attracting deposits or headlines.
Robinhood Chain’s $2.66 million day puts it on that radar.
Robinhood’s Distribution Advantage
Robinhood has something most crypto-native projects lack: mainstream distribution.
The company already has a large retail trading base, a recognizable brand, and experience packaging financial products in a consumer-friendly interface. If Robinhood connects that distribution to on-chain activity, revenue can move quickly.
That may explain why its chain can produce strong app metrics over short windows.
The user funnel is different from a typical crypto network. Robinhood does not need to persuade users to discover a new wallet, bridge assets, and learn DeFi from scratch. It can route activity from an existing financial platform into on-chain products.
That is a powerful advantage.
Ethereum Comparison Needs Precision
The Ethereum comparison is interesting but limited.
Ethereum mainnet remains the dominant settlement layer for stablecoins, DeFi, tokenized assets, L2s, and institutional crypto infrastructure. A 24-hour app revenue comparison does not overturn that.
It does, however, show that user-facing distribution can generate meaningful on-chain economics.
In other words, Ethereum’s depth remains unmatched, but consumer finance platforms may be able to create intense bursts of revenue around specific products.
That could become a theme if more brokerages and fintechs launch chain-based experiences.
Hyperliquid Adds Another Benchmark
Hyperliquid is also an important comparison because it has become one of the strongest revenue-generating crypto trading venues.
If Robinhood Chain can briefly exceed Hyperliquid in app revenue, traders will want to know what activity drove the move. Was it tokenized equities? Trading fees? A launch event? A specific product cycle?
The answer matters because not all revenue is equally durable.
A one-time spike can look impressive without becoming repeatable. A recurring revenue base is much more valuable.
The Bigger Market Structure Shift
The wider story is that crypto revenue is moving closer to mainstream finance platforms.
Chains connected to brokerages, tokenized stocks, app-based trading, and consumer financial products could challenge older assumptions about where value accrues.
Crypto-native protocols still matter. But they may increasingly compete with regulated platforms that already own the user relationship.
Robinhood Chain’s revenue spike is a glimpse of that possibility.
The market should not treat it as a full ecosystem takeover. It should treat it as a warning that distribution can matter as much as infrastructure.
This article is based on public DeFi app revenue dashboard data.
This article was written by the News Desk and edited by Samuel Rae.
This report is based on information released by Defillama. at Defillama
L-R: OnTrade co-founders Zachary Harl, chief investment officer; Raji Subramanian, CEO; and Matt Williams, president. (OnTrade Photos)
The co-founders of Pro.com, the Seattle-based home-improvement marketplace acquired by Opendoor in 2021, are back with a new company targeting what seems on the surface a very different kind of market: AI-powered software for the wealth management industry.
But Rajalakshmi “Raji” Subramanian and Matt Williams say the new challenge matches the same pattern: a huge industry held back not by a lack of customers, but by a shortage of professionals and tools.
Their Seattle startup, OnTrade, co-founded with former Bank of America chief investment officer Zachary Harl, has been operating under the radar since 2024, raising an undisclosed amount of funding from General Catalyst, Madrona and angel investors.
OnTrade’s chief technology officer is Jean Bredeche, who co-founded Quantopian, the algorithmic trading platform, and later served as a director of engineering at Robinhood.
How it works: OnTrade connects software that financial advisors already use — including CRM, portfolio accounting, trading, and compliance programs — into a single interface.
It then deploys AI agents to handle the type of work that advisors have traditionally done manually, such as scanning portfolios for tax-loss harvesting opportunities, flagging accounts that have drifted from their targets, or drafting proposals and reports for clients.
The humans approve everything before it reaches a client. The idea is to help them serve more clients without sacrificing the quality of their work, expanding access to wealth-management services that tend to be concentrated among more affluent households.
“Wealth management, if you look at the industry, does not have a demand problem; it has an access problem,” said Subramanian, the company’s CEO, in an interview. “Many people who’d like access to wealth management don’t have access to wealth management, and that’s what we’re here to solve.”
Harl, OnTrade’s chief investment officer, called raw foundation models the “brilliant PhDs” of the AI world — impressive on paper, but not as valuable to a specific industry such as wealth management until they understand its portfolios, policies, compliance rules, and client relationships. Vertical AI solutions like OnTrade, he said, are better positioned to connect that general-purpose intelligence to a specific firm’s data and workflows so the technology can do trusted work.
Industry shakeup: OnTrade is emerging at a pivotal moment, two days after investment giant Vanguard agreed to acquire wealth-management platform Altruist reportedly valued at $4 billion. OnTrade’s founders cite the deal as validation of the vertical AI opportunity they’re pursuing.
In a LinkedIn post Thursday, Subramanian wrote that the Vanguard-Altruist deal signals something bigger than a battle over where advisors park their clients’ assets: that capturing the opportunity “requires a new operating model rather than AI-enhanced versions of today’s applications.”
The wealth management industry’s unit of scale, she wrote, is shifting “from the number of people a firm employs to the intelligence and agency it can deploy.”
The founders: Subramanian joined Amazon in the late 1990s as an early engineer who helped build Amazon Marketplace and AWS, and later led the digitization of books for Kindle.
Amazon was where she met Williams, who had founded a startup called LiveBid that Amazon acquired in 1999. He spent 11 years there, including a stint as a technical advisor to Jeff Bezos, then left to run Digg as CEO and served as an entrepreneur in residence at Andreessen Horowitz.
Subramanian went on to run engineering at Yahoo Finance, where she helped open up market data that had previously been the province of institutional investors, giving her an early look at the problem that OnTrade is now aiming to solve.
In 2013, the two co-founded Pro.com, a tech-driven home improvement marketplace that raised early funding from investors including Madrona, Maveron, Bezos and Andreessen Horowitz.
Real estate tech company Opendoor acquired Pro.com in 2021, and brought both founders on as executives — Subramanian as chief technology officer, Williams as head of the Pro.com unit and senior vice president of retail.
Harl spent many years at Bank of America, rising to chief investment officer, where he managed the bank’s asset portfolios and large balance sheet risks across multiple market cycles. He is a chartered financial analyst (CFA), with a math and computer science degree from Indiana University, and a statistics degree from the London School of Economics.
He served on the U.S. Treasury Borrowing Advisory Committee under Secretaries Steven Mnuchin and Janet Yellen, advising on debt management, before joining Opendoor in 2023 as chief risk officer. That’s where he met Subramanian and Williams, before making the startup leap with them.
Traction and competition: The company’s technology is already in use at firms ranging in size from boutique advisories to large national practices, said Williams, the company’s president.
He said one client used the platform to win a billion-dollar family office account, and that another recouped the full annual cost of the platform in less than 30 days. He called that “a small window into what’s going to happen on a larger scale.”
The wealth management software market has many established players — such as Orion Advisor Solutions, Envestnet, and Addepar — but the OnTrade founders say they see them as partners, not rivals. OnTrade integrates with those systems rather than replacing them.
That distinguishes the company from Altruist, the Vanguard acquisition target, which built its own full stack, including its own custodian, the financial institution where client assets are held. That approach requires firms to move client assets onto its platform.
OnTrade doesn’t ask firms to replace their existing tools or move their clients’ money. Instead, it plugs into what’s already there.
The broader timing may work in their favor. As baby boomers age, an estimated $50 trillion or more in assets is expected to pass to younger generations in the coming decades — creating a wave of new clients who will need financial advisors, and new pressure on firms to serve them.
That’s where home improvement and wealth management have something in common.
“There aren’t many bigger places, other than health, wealth and real estate, where you can impact a population, especially an underserved population,” Williams said. “That was at the heart of the motivation.”
Uniswap has rolled out a “Launches” beta tab in its web app, giving users a single interface to discover new tokens launched across supported launchpads.
The validated notes say the feature aggregates top token launches from platforms including Bankr, Pons, and Long. The launch also comes after heavy token creation activity on Robinhood Chain, where more than 340,000 tokens were reportedly launched in July.
That context matters because token discovery has become messy.
New tokens appear constantly across launchpads, chains, and apps. Some are serious. Many are not. Users often jump between social feeds, launchpad dashboards, DEX screens, and analytics tools just to understand what is happening.
Uniswap’s Launches tab is an attempt to bring that activity into a more organized trading interface.
For more details, visit the official Uniswap platform.
TL;DR
Uniswap has added a Launches beta tab to its web app.
The feature aggregates token launches from supported launchpads.
It is separate from Uniswap’s v4 fee-switch story and focuses on discovery UX.
Why Token Discovery Needed A Better Interface
Crypto token launches have always been chaotic.
In earlier cycles, users chased new tokens through Telegram groups, X threads, DEX links, and contract addresses. More recently, launchpads and chain-specific apps have made token creation easier, but discovery is still fragmented.
That creates problems.
Users may not know which token is real, which launchpad is relevant, where liquidity sits, or whether the contract has meaningful trading activity. Scams and low-quality tokens thrive in that confusion.
A cleaner discovery interface does not solve all of those issues, but it helps users see launches in one place.
Uniswap already has deep liquidity and broad brand recognition, so adding discovery directly into the web app makes sense.
Robinhood Chain Adds The Urgency
The Robinhood Chain token-launch figure explains why this feature arrives at a useful time.
If more than 340,000 tokens launched on Robinhood Chain in July, users need better filtering. A flood of tokens creates opportunity, but it also creates noise. Without good tools, traders end up relying on social hype or raw launchpad feeds.
That is a dangerous way to trade.
A Launches tab can help surface activity more clearly, though it still cannot replace user caution. New token launches are among the riskiest corners of crypto, where liquidity can be thin, contract risk can be high, and narratives can reverse quickly.
Uniswap’s role is to make discovery more accessible, not to guarantee quality.
This Is A Product Story, Not Just A UNI Price Story
UNI reportedly hit a six-month high above $4.50 and rose sharply in July, but the Launches tab should not be reduced to price action.
The more important story is product expansion.
Uniswap is trying to remain the interface layer for on-chain trading as token creation spreads across more venues. If users discover, evaluate, and trade new assets through Uniswap, the app becomes more than a swap screen. It becomes a trading terminal.
That is strategically important.
DEX competition is no longer just about liquidity pools. It is about routing, discovery, execution, analytics, wallets, mobile experience, launch infrastructure, and MEV protection.
The Launches tab sits in that wider battle for user attention.
Discovery Also Brings Responsibility
A launch-discovery feature comes with reputational risk.
If users find low-quality or malicious tokens through an interface, they may blame the interface even if Uniswap did not create the asset. That means filters, warnings, labels, and transparency will matter.
Token discovery is useful, but it should not feel like endorsement.
The best version of this feature would help users see what is new while also making risk obvious. Liquidity, age, source launchpad, contract information, holder distribution, and warnings can all become part of better discovery.
Crypto users like speed, but speed without context can be expensive.
Uniswap Wants To Own More Of The Trading Journey
The Launches tab shows Uniswap moving further up the user journey.
Instead of waiting for users to arrive with a token in mind, the app can help them find what is launching. That makes Uniswap more competitive with launchpads, aggregators, dashboards, and social trading tools.
It also gives Uniswap a better chance to capture early trading activity.
If new token discovery happens elsewhere, trading may also happen elsewhere. If discovery happens inside Uniswap, the protocol and interface stay closer to the action.
That is the real product logic.
Uniswap’s Launches tab is not just a small UI addition. It is a sign that the DEX is trying to become a more complete front door for on-chain trading.
This article is based on Uniswap product materials describing the Launches beta tab.
This article was written by the News Desk and edited by Samuel Rae.
This report is based on information released by Uniswap. at Uniswap
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