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

Robinhood Chain generated about $51 million in network revenue in its first quarter, compared with roughly $41 million for Ethereum over the same period, according to ARK Invest’s DeFi Quarterly for the third quarter of 2026. Robinhood opened the chain’s public mainnet on July 1, about five months after its February testnet, and the network settles transactions on Ethereum while using ETH as its gas token. Ethereum’s network revenue fell about 35% from the second quarter, while revenue across the networks in the report rose about 24% to roughly $349 million, the first increase in five quarters.