Robinhood Chain Generates $1m In REV

It's the last day of August 2026.

Robinhood Chain generates $1 million in REV. Etherscan releases an MCP, CLI, and Skills for AI Agents. Morpho introduces in-kind redemptions for vaults v2. And Bitmine purchased 53,501 ETH last week, putting its holding at 5.9 million ETH, which is about 4.9% of the total ETH supply.

Robinhood Chain Generates $1m In REV

Robinhood Chain hit all-time highs across metrics, achieving $1 million in daily chain revenue for the first time. The Ethereum L2 pulled in over $2 million in 24-hour transaction fees (838 ETH), with 10% flowing back to Arbitrum. DEX volume hit $1.4 billion, outpacing Ethereum, Base, and BNB Chain in the last 24 hours. The chain's stablecoin market cap sits at $774m, daily transactions topped 540 million, and total value secured reached $1.5 billion.

Pons, a leading token launchpad on Robinhood Chain, crossed $4 billion in cumulative volume on Uniswap v4. Robinhood Chain's recent growth is being driven by memecoins that pair directly with tokenized stocks, coined "Stock Memes." The latest trend includes a stock meme called BONER that soaked up 81% of the available tradable supply for HIMS stock tokens, resulting in a float squeeze where onchain equities trade at a premium.

Other stock memes include CINEMA, paired with AMC stock. Robinhood Chain accounted for 87% of tokenized equity volumes in the last 24 hours, with over 200k wallets now holding tokenized equities on the chain.

Etherscan AI Agents MCP, CLI, And Skills

Etherscan released a Model Context Protocol (MCP), Command Line Interface (CLI), and Skills for AI Agents to interact with blockchain data across 60+ EVM chains on the block explorer. The MCP server allows users to connect Claude, Codex, and other LLMs to live onchain data through a single endpoint. The MCP server exposes 20 read-only tools spanning balances, transactions, token transfers, contract source and ABI lookups, event logs, gas pricing, and address labeling.

The CLI brings the same API to the terminal with JSON, table, or CSV output for scripts and continuous integration. Etherscan Skills guides agents on how to chain the right API calls together, covering contract review, transaction debugging, and general Etherscan workflows. Advanced queries like address labels and name tags require a paid Etherscan plan. Agents can access the official Etherscan MCP at mcp.etherscan.io/mcp.

Morpho In-Kind Redemptions

Morpho introduced in-kind redemptions across its Vaults V2, allowing depositors to exit vault positions even when vaults run out of liquidity. If a vault becomes fully utilized, depositors usually remain stuck, waiting for fresh deposits or for borrowers to repay their loans. With in-kind redemptions, users can now redeem vault shares directly into an underlying market lending position, like swapping out of a USDC vault into another market, like cbBTC/USDC, without needing curator approval.

Cofounders Paul Frambot and Merlin Egalite emphasized how this simplifies exiting during timelock periods, building on the protocol's non-custodial design. Community members praised it as strong protection against liquidity crunches, though some, like PaperImperium, noted potential adverse selection risks for lenders. The mechanism uses flash loans under the hood to power collateral swaps and position migrations across markets, with safeguards like penalties to ensure reliable exits. Withdrawals can also be split between up to 25,000 USDC and an in-kind market position.

Misc News

Arbitrum One launched five years ago today. Ethlabs shares its Week 10 update. Rocket Pool's Smartnode releases v1.22.1 as a high priority update for Besu users.

Aerodrome launches its audit contest. Coinbase Agent supports stocks. Wevm releases a code image editor called Monoshot. And L2BEAT lists active relayers.

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