Robinhood Chain's fee revenue has fallen 99% from its high, while its core ecosystem metrics remain resilient.
The story so far: Robinhood Chain ecosystem health
A Four Pillars researcher said Robinhood Chain, launched 1 July 2026 as a tokenised-equities network, is not dead and its ecosystem remains resilient, though Robinhood's crypto revenue share fell to 12.6%. Robinhood Chain has now posted about $51m in first-quarter network revenue, above Ethereum's $41m. Tom Wan says…
Four Pillars researcher says Robinhood Chain is not dead
Four Pillars researcher 100y said Robinhood Chain, launched on 1 July 2026 as a tokenised-equities network, is not dead and its ecosystem remains resilient. Robinhood's crypto revenue share fell to 12.6% in Q1 2026 from 27.2% a year earlier.
Robinhood Chain fee revenue falls 99% from peak
Robinhood Chain's fee revenue has fallen 99% from its high, while its core ecosystem metrics remain resilient.
Robinhood Chain's $51m first-quarter revenue tops Ethereum's $41m
Robinhood Chain generated about $51m in network revenue in its first quarter, above Ethereum's $41m, which fell 35% quarter on quarter. Revenue across major networks rose 24% to about $349m, still down 47% year on year.
Tom Wan says Robinhood Chain took $51.1m in fees in first quarter
Entropy Advisors data head Tom Wan says Robinhood Chain generated $51.1m in fees in its first quarter, about half Robinhood's second-quarter crypto trading revenue, ahead of its third-quarter results. October daily fees have fallen to about $52,000, he says.
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