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Robinhood Chain earned $51M in Q3, surpassing Ethereum's $41M amid network shifts and fee changes.

Market News
22 Oct 2026
BeInCrypto
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Neutral
Robinhood Chain earned $51M in Q3, surpassing Ethereum's $41M amid network shifts and fee changes.

Robinhood Chain generated about $51 million in network revenue in its first quarter (Q3 2026), surpassing Ethereum's roughly $41 million, whose revenue fell about 35% from Q2. The rise in overall network revenue was driven by Solana's recovery and Robinhood Chain's debut, though total revenue remains 47% below last year. Robinhood Chain processed $65 billion in decentralized exchange volume, becoming the fourth-largest by volume. However, ARK Invest warns that recent gas fee increases on Robinhood Chain may reduce future revenue. Robinhood's Q3 earnings report on October 27 will reveal more about the chain's financial impact.

Ethereum's market cap stands at Rp5.308,84 trillion as of Oct 22, 2026, with a 24-hour trading volume of Rp260,79 trillion on Pluang. Despite Robinhood Chain's recent revenue surge, Ethereum's price is down 2.10% on the day, reflecting some selling pressure among investors. Solana, another key player mentioned in the article, holds a market cap of Rp1.105,38 trillion and a 24-hour volume of Rp52,28 trillion, with a majority of Pluang users selling. This data highlights the current trading dynamics of these major networks amid evolving market conditions.

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