# Robinhood Chain Daily Gas Fees Fall 99.6% From Sept. 4 to Oct. 18 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35554 Published: 2026-10-20T10:51:26.000Z Updated: 2026-10-20T10:51:26.000Z Section: Investing > Fee revenue for Pons V2, GMGN and Axiom also fell, while two Morpho stablecoin lending markets held about $480 million in locked assets. Robinhood Chain’s daily gas fees fell 99.6% from Sept. 4 to Oct. 18 as fee revenue for Pons V2, GMGN and Axiom also declined, underscoring weaker meme coin activity. Daily gas fees dropped from $8.4 million to $34,000 over that period. The fee revenue comparisons cover the network’s busiest consecutive 14 days and its most recent 14 days. Pons V2 fell from $87 million to $7 million, GMGN from $22 million to $900,000, and Axiom from $4.6 million to $300,000. The median meme coin on Robinhood Chain was 97% below its peak price. About 72% of the network’s meme coins were down at least 90% from their highs. Robinhood Chain still recorded 873,000 active wallets last week and generated about $345,000 in gas fees. Roughly $480 million in locked assets was concentrated in two Morpho stablecoin lending markets. Robinhood Chain is an Ethereum Layer 2 network built with Arbitrum technology. Its public mainnet opened July 1. The fee decline contrasts with [Robinhood Chain’s $6.6 million in August gas revenue](). ## Links in this article - [Robinhood Chain’s $6.6 million in August gas revenue](https://www.tokenpost.com/news/technology/23996)