Robinhood Chain generated $51 million in first quarter, surpassing Ethereum's $41 million in the same period

ARK Invest reported in its DeFi Quarterly covering the third quarter of 2026 that Robinhood Chain generated about $51 million in network revenue during its first quarter, while Ethereum brought in roughly $41 million over the same period. Ethereum's network revenue fell about 35% from the second quarter, though total network revenue rose about 24% from the second quarter to roughly $349 million, which was 47% below the level a year earlier. The report also showed Ethereum's share of tokenized real-world asset value on public blockchains fell from about 50% in late June to 44%, despite still hosting the most at about $16.7 billion. Robinhood Chain processed about $65 billion in DEX volume in its debut quarter, making it the fourth-largest network by DEX volume in ARK’s data.