Robinhood misses earnings but crypto revenue beats, Chain fees surge ahead of launch

Robinhood missed revenue and EPS estimates on Tuesday, but crypto revenue rose 20% sequentially to $120 million. During the earnings call, Vlad Tenev revealed Robinhood Chain generated more fees than Ethereum or Base within two months of its July launch. The chain's leaders surged 20-50%, with Orbio up 57%, as Tenev said the team is "doubling down" on investment, framing tokenized equities as a primitive for builders rather than a standalone product feature.