Robinhood Chain Generates $26 Million in Its First Mainnet Quarter, Lifting Crypto Revenue to $120 Million

By Kevin · 2026-10-28 · News

Oct. 28 (CandyPulse) — Robinhood's bet on running its own blockchain is already paying off. Robinhood Chain, built on Arbitrum and live on mainnet since July 1, generated $26 million in its first full quarter, lifting Robinhood's total crypto revenue to about $120 million in Q3 2026.

Key takeaways

Robinhood Chain brought in $26 million in its first mainnet quarter
Total Q3 crypto revenue rose to about $120 million, up roughly 20%
Excluding the chain, crypto trading revenue fell about 6% to $94 million
Robinhood's overall revenue hit a record $1.42 billion, up 12% year over year
Prediction markets brought in $173 million, more than 6x a year earlier

Robinhood's Q3 at a glance

Metric	Q3 2026
Robinhood Chain revenue	$26M
Total crypto revenue	~$120M
Crypto trading revenue (ex-chain)	$94M (down ~6%)
Of which: Robinhood app	$88M (from $94M)
Of which: Bitstamp	$6M (flat)
Event contracts / prediction markets	$173M
Total net revenue	$1.42B (record)
Net income	$476M (down 14%)

A closer look at the chain

Robinhood Chain is a layer-2 network on Arbitrum. Its strong first quarter came with a catch: on-chain data shows activity was highly concentrated, with a 12-day stretch producing about 74% of the quarter's fees. That makes the next few quarters the real test of whether the chain can keep earning steadily.

Why it matters

Exchanges and brokers have long relied on trading fees, which rise and fall with market mood. Owning the network itself adds a new income stream. Robinhood's chain has also drawn scrutiny, as we covered in GoPlus flags a memecoin operation on Robinhood Chain. More Robinhood news: U.S. crypto perpetual futures plans and its tokenization hurdle.

The idea of a company running its own chain is familiar to CANDY readers: CandyChain is CANDY's own Layer 1. Read CRC-20 on CandyChain.

What's next

Watch whether Robinhood Chain's revenue holds up without short bursts of activity, and how fast prediction markets keep growing. Follow more on crypto news today.

Disclaimer: This article is for information only and is not financial advice. Crypto assets are volatile and can lose value. Always do your own research before making any investment decision.