In the third quarter of 2026, Robinhood Chain generated approximately $51 million in network revenue during its first quarter of operation. In comparison, Ethereum recorded roughly $41 million in revenue over the same period, marking a 35% decline from the second quarter.
According to an ARK Invest report, total network revenue across tracked platforms rose 24% to roughly $349 million, the first increase in five quarters. This growth was attributed to the recovery of Solana and the launch of Robinhood Chain. Despite this, total revenue remains 47% lower than the previous year.
Robinhood Chain, which launched its public mainnet on July 1, processed about $65 billion in decentralized exchange volume, ranking as the fourth-largest network by this metric. Tokenized equities accounted for $13.7 billion of that volume, trailing only BNB Chain at $16.5 billion.
Ethereum's share of tokenized real-world asset value on public blockchains declined from 50% in late June to 44%, though it still hosts approximately $16.7 billion in assets. Additionally, Ethereum's decentralized exchange volume fell 27% compared to the second quarter.
Robinhood is scheduled to report its third-quarter financial results on October 27, which will reflect the chain's first full quarter of operation. The company has stated that revenue generation depends on network adoption and developer activity, while analysts at ARK Invest suggest future revenue may stabilize as gas fees decrease.
