Online brokerage Robinhood Markets Inc. HOOD-7.55%+ Free Alerts said that meme cryptocurrency Dogecoin (CRYPTO: DOGE) accounted for 62% of its cryptocurrency transaction-based revenue in the second quarter.

What Happened: Robinhood, which announced its first earnings results as a public company on Wednesday, said that second-quarter revenue from cryptocurrencies soared to $233 million from $5 million in the year-ago period and accounted for almost 52% of the company’s transaction-based revenues.

62% of Robinhood’s cryptocurrency transaction-based revenue came from Dogecoin in the quarter, compared to 34% in the preceding first quarter. Dogecoin Alone Accounted For 62% Of Crypto Revenue For Robinhood In Q2 | Benzinga

By block head

Block Head is a blockchain journalist.