According to DefiLlama, Robinhood Chain, the Arbitrum-based layer-2 network Robinhood launched for tokenized stocks, generated $2.66 million in application revenue over the 24 hours ending 18:30 UTC on 2025-09-29, surpassing Ethereum's $1.28 million. ^[1] PONS, the native token of the PONS launchpad on Robinhood Chain, was up 49% in the past 24 hours and 425% in the past seven days, pushing its market cap above $300 million. ^[2] DefiLlama reported Solana led all networks in 24-hour app revenue with $5.07 million as of 2025-09-29, followed by Robinhood Chain at $2.66 million, Hyperliquid at $1.7 million, BNB Chain at $886,126 and Base at $438,882. ^[3] DefiLlama's app revenue metric excludes stablecoin issers, liquid staking apps and gas fees, which removes Tether, Circle and Lido from the comparison for Ethereum. ^[4] Over a 30-day period, Robinhood Chain generated $3.13 million in chain revenue, ranking third among all chains behind Canton ($49 million) and Tron ($26 million). ^[5] The Pons token launchpad on Robinhood Chain booked a record $690,000 in revenue on Saturday, which annualizes to $64 million. ^[6] PONS could hit a $1 billion valuation, with the token making new highs for 10 consecutive days, Bollinger Bands showing high volatility, and CVD data indicating more than 2.18 million PONS bought at press time; however, the $0.50 psychological level could challenge the rally. ^[7] PONS is listed on multiple decentralized and centralized exchanges, including Bybit perpetuals with up to 20x leverage, following its debut on Hyperliquid DEX. ^[8] Total Value Locked on Robinhood Chain reached $727.15 million, representing a 7.4% increase in a single day. ^[9]