Robinhood Chain recorded $2.66 million in app revenue within a 24-hour period, surpassing Ethereum and Hyperliquid L1. Gmgn, Pons, and Uniswap accounted for nearly 88% of that revenue, with $1.11M, $930K, and $306K respectively. Hyperliquid processed $8.9 billion in perpetual futures volume, compared to Robinhood Chain's modest $5.9M.
Ethereum is consolidating after a sharp breakout from the $1.9K area, with ETH currently trading below $2.5K. The technical structure has improved considerably, while the continued decline in exchange reserves provides a supportive backdrop.
Tom Lee's Bitmine acquired 53,501 ETH over the past week, expanding its corporate treasury to 5.9 million ether tokens.
BitMine Immersion Technologies has added another 53,501 Ethereum to its treasury, extending a buying streak that began in June 2025. The purchase lifted total ETH holdings to 5,901,112 tokens as of August 30, 2026.
Bitmine Immersion Technologies (BMNR) secured 53,501 ETH during the previous week, representing approximately $131.3 million in current market value, marking its second consecutive week of accelerated purchasing activity following a slower acquisition period over the summer months.
Ethereum price traded near $2,455 on Aug. 31 after buyers again failed to hold the price above $2,500, leaving ETH confined between major resistance and support near $2,400. Ethereum price action today According to data from crypto.
BitMine Immersion Technologies added 53,501 ETH over the past week, extending an accumulation campaign that has now run for 65 consecutive weeks.
BitMine's aggressive ETH acquisition and staking strategy could reshape corporate treasury management, influencing broader crypto market dynamics. BitMine acquires 53,501 Ethereum for $131M, pushing total holdings past 5.9 million ETH.
Company Chairman Lee said crypto's recent outperformance could draw more institutional investors.
The largest Ethereum accumulator has ramped up its efforts.
Robinhood Chain's rapid fee revenue growth highlights the intensifying competition and innovation pressure among Ethereum Layer 2 networks. Robinhood Chain surpasses Ethereum and Base in fees.
Vlad Tenev's new blockchain is soaring in all metrics as memes paired with tokenized stocks start to take off.