Robinhood Chain Revenue: $51M Debut Tops Ethereum - Bitcoin Foundation
Robinhood Chain generated about $51 million in revenue during its first quarter of operation, outperforming Ethereum's roughly $41 million, according to ARK Invest's DeFi Quarterly report.
The brokerage-backed network opened its public mainnet on July 1, 2026, and its debut performance exceeded expectations. Combined network revenue across all tracked networks rose about 24% quarter over quarter to roughly $349 million, marking the first increase in five quarters.
Robinhood Chain's success came despite the broader market still being about 47% below its revenue level from a year earlier. The network's performance gave Robinhood a substantial opening quarter in a competitive market for on-chain trading.
Technology and Fee Structure
Robinhood Chain is an Ethereum Layer 2 built using Arbitrum's Orbit technology. The network settles transactions on Ethereum and uses ETH to pay gas fees, meaning Ethereum receives a portion of the fees generated by activity on the chain.
The investment firm ARK expects the unusually strong fee income to fade over time. Robinhood's October 27 earnings release will be the next milestone for shareholders assessing the business behind that activity.
Uniswap Partnership
Robinhood Chain supplied roughly 53% of Uniswap's September protocol revenue, according to Token Terminal figures. Uniswap's monthly total reached roughly $14.8 million, with nearly $7.9 million coming from the new network.
Robinhood Chain became a major revenue venue within months of its launch.
Tokenized Stocks
Tokenized equities emerged as a substantial part of trading on Robinhood Chain. Robinhood introduced tokenized U.S. stocks to European users through Arbitrum One before launching its own chain, which extended that commercial activity.
By Q3, these tokenized stocks gave the network a prominent position in ARK's rankings for decentralized trading in that specific category. This additional source of fee-generating activity contributed to the network's strong debut performance.
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