In the past 24 hours, Robinhood Chain's on-chain fees were around $4.45 million, ranking first on DefiLlama's chain fee leaderboard. After deducting mainnet costs and the revenue share with Arbitrum, about $4 million remains. Absolutely insane. Annualized, that's over $1.4 billion. Of course, this kind of crazy hype can't last forever, and it's highly likely to cool down later. Even so, the on-chain fee revenue is already very impressive (the company's total quarterly revenue is only in the tens of billions). For $HOOD stock, this isn't just a narrative upgrade—it's real money, and it's bullish. As for Ethereum, it's beneficial in the long term, but in the short to medium term, it's taking a hit. Securing a proper share of L2 revenue is absolutely essential!