Ethereum Earned Less Than a 3-Month-Old Robinhood Chain Last Quarter

Robinhood Chain generated about $51 million in community income in its first quarter of operation. Ethereum (ETH) introduced in roughly $41 million over the identical interval.

ARK Invest reported the figures in its DeFi Quarterly protecting the third quarter of 2026. Its knowledge reveals Ethereum’s community income fell about 35% from the second quarter.

Ethereum Missed Out on a Rebound Quarter

Across the networks within the report, income rose about 24% from the second quarter to roughly $349 million. The complete sat about 47% beneath its stage a yr earlier.

ARK stated the quarter marked the primary enhance in 5 quarters. It credited the rise to Solana’s (SOL) recovery and Robinhood Chain’s debut.

Ethereum also lost ground in tokenization. On public blockchains, its share of tokenized real-world asset worth fell from about 50% in late June to 44%. It nonetheless hosted essentially the most, at about $16.7 billion.

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Ethereum’s decentralized trade (DEX) quantity additionally fell about 27% from the second quarter, whereas Base’s dropped about 17%. ARK stated buying and selling quantity shifted towards newer venues similar to Robinhood Chain.

Robinhood’s Chain Faces Its First Earnings Test

Robinhood opened the chain’s public mainnet on July 1, about 5 months after its testnet went dwell in February.

The community settles transactions on Ethereum and makes use of ETH as its fuel token. That means Ethereum nonetheless collects a portion of the charges the chain generates.

In its debut quarter, the chain processed about $65 billion in DEX quantity. That made it the fourth-largest community by DEX quantity in ARK’s knowledge.

Tokenized equities accounted for about $13.7 billion of that buying and selling. Only BNB Chain hosted extra, at roughly $16.5 billion.

For Robinhood shareholders, the income query lands on October 27, when the corporate stories third-quarter results. That release covers the chain’s first full quarter of operation.

Robinhood has tied the chain’s payoff to utilization in its second-quarter submitting with the Securities and Exchange Commission (SEC).

“Our capability to generate income from Robinhood Chain relies upon considerably on the extent of adoption and developer exercise on the community,” it said.

Coinbase gives a precedent. It famous in July that it books Base sequencer charges inside different transaction income. That line fell about 11% from the primary quarter to $47.4 million. CFO Alesia Haas tied the drop to decrease on the spot switch exercise and Base income.

ARK additionally flagged a danger to these numbers.

“We don’t anticipate to see Robinhood Chain proceed to publish such spectacular income numbers, as a current enhance in fuel on Robinhood Chain will remove high charges from congestion pricing,” the agency famous. 

Robinhood shares traded at $101.9 at press time, down 11.5% in 2026 thus far. The name will present whether or not administration stories the chain’s contribution individually.

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