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Robinhood's Crypto Revenue Fell 38% Last Quarter. Can It Bounce Back in Q3?

Summary by 24/7 Wall St.
Robinhood's crypto revenue has been sliding for three straight quarters, but a surge in trading activity toward the end of Q3 hints that a turnaround may be closer than analysts expected. The question is whether it will be enough to move the needle when earnings drop on October 27.

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Robinhood Chain recorded nearly US$51 million in network revenue during its first full quarter, compared to US$41 million in Ethereum, according to figures attributed to the DeFi report of ARK Invest for the third quarter of 2026. The comparison coincides with a drop in Ethereum revenues and an increase in activity in newer networks, although it does not alone demonstrate a permanent change in use.

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Ethereum (ETH) network revenue fell by approximately 35 percent to $41 million in the third quarter of 2026, falling short of Robinhood Chain's first-quarter figure of $51 million.

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The Cryptonomist broke the news on Thursday, October 22, 2026.
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