Full-Time
Posted on 1/21/2023
Commission-free stock trading platform
$3
Company Historically Provides H1B Sponsorship
New York, NY, USA
Bachelor's
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Robinhood provides a mobile and web platform that lets people buy and sell stocks, options, ETFs, and cryptocurrencies without paying commissions. It also offers fractional shares so users can invest small amounts (as little as $1), and features like Cash Management with a debit card. Premium services through Robinhood Gold add margin trading and professional research. Revenue comes from interest earned on uninvested cash, rebates from trading venues, and subscription fees. The platform is designed to be easy to use, making investing accessible to beginners and a broad audience. Compared with traditional brokers, Robinhood emphasizes low costs, simple interfaces, and broader access to investing tools (including IPO access in some cases), aiming to democratize investing and expand participation in the financial markets.
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Menlo Park, California
Founded
2013
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Well-being - Premium medical, dental, and vision insurance
Family & home life - Parental leave, personal prosperity benefits
Comfort & care - Flexible work from home / office balance, health & wellness stipend
Office life - Catered meals and fully stocked kitchen, commuter benefits
Growth - Education and training, community events, career mentorships
SoFi Technologies shares fell over 4% on Tuesday, marking three consecutive sessions in the red. Retail investors on Stocktwits are increasingly favouring rival fintech Robinhood Markets over SoFi. Morgan Stanley upgraded Robinhood to "Overweight" on Tuesday, setting a price target of $150 — implying nearly 45% upside. The analyst cited the company's expanding product lineup and opportunities to monetise its 28 million customer base. Robinhood's second-quarter results showed earnings per share of $0.62, beating estimates, whilst revenue rose 32% year-over-year to a record $1.31 billion. The platform recorded $22 billion in net deposits and $369 billion in total assets. SoFi also beat expectations with adjusted earnings per share of $0.12 and revenue of $1.2 billion, but shares declined as management kept profit forecasts flat amid rising Treasury yields.
Robinhood Chain hits $2.66M in 24h app revenue, flipping Ethereum and Hyperliquid. Highlights * Robinhood Chain logged $2.66M in 24-hour app revenue on August 31, topping Hyperliquid ($1.70M) and Ethereum ($1.28M), trailing only Solana. * Three apps, GMGN, Pons, and Uniswap, drove 88% of the total, all memecoin and launchpad flow rather than the tokenized stocks Robinhood pitches. * The spike is a daily flip, not a reversal: Hyperliquid still leads 30-day revenue $53.41M to $23.23M, and Stock Tokens remain off-limits to US users. Robinhood's L2 network is no longer just a talking point. Robinhood Chain recorded $2.66 million in app revenue over a single 24-hour window on August 31, per DeFiLlama data. That put it ahead of Hyperliquid L1 ($1.70M) and Ethereum ($1.28M). Only Solana, at $5.07 million, ranked higher. For HOOD investors tracking the company's on-chain bet, that number carries weight. Three apps drove 88% of the revenue. The figures are not distributed evenly across the chain. Three protocols did most of the work. GMGN, a Telegram trading bot, led with $803K. Pons, a launchpad and swap platform native to the chain, contributed $632K. Uniswap added $235K, its fee switch on Robinhood Chain went live on July 27, 2026. Together, these three apps made up roughly 88% of all app revenue on the chain that day. That concentration is a double-edged point. It shows the chain can attract high-fee activity. It also shows that the revenue base is still narrow. GMGN and Pons draw memecoin and launchpad flow, not the tokenized stock plumbing Robinhood has spent months pitching publicly. Robinhood CEO Vlad Tenev acknowledged as much in a July X post, writing that the chain "works great for memes too." Separate from app revenue, the chain itself netted $495K in gas revenue, after subtracting Ethereum L1 costs and the 10% Arbitrum Expansion Program share (8% to the Arbitrum DAO treasury, 2% to developer guild). The Arbitrum Foundation collected $44K from the chain that day. That split matters for HOOD holders: the chain's net gas revenue flows toward Robinhood, not ETH stakers or Arbitrum broadly. Context keeps the snapshot honest. Hyperliquid still leads over longer windows. Its 30-day app revenue stands at $53.41M, against Robinhood Chain's $23.23M over the same stretch. Ethereum's 30-day figure is $45.8M. The August 31 flip is a daily spike, not a structural reversal. That distinction matters for investors who may read too much into a one-day chart. Wall Street has already been adjusting its view of HOOD. Robinhood's Q2 earnings and Wall Street price-target cuts followed a quarter where crypto trading revenue fell 38% year-over-year to $100M. The onchain app fee line is shaping up as the replacement narrative, a take-rate stack that operates outside the brokerage spread compression dragging on the core business. Robinhood Chain's broader ambition, and the gap still to close. Robinhood Chain launched on July 1, 2026, as an Ethereum L2 built on the Arbitrum Orbit stack. Chain ID is 4663. Blocks finalize in around 100 milliseconds. ETH is the gas token. Vlad Tenev said the chain hit 100 million transactions faster than any other EVM chain ever had. The official pitch is real-world assets. Robinhood has been pushing stock tokens and tokenized equity from day one. Platforms to trade tokenized stocks are multiplying fast, and Robinhood positioned its chain as the infrastructure layer for that wave. By late August, Stock Token DEX cumulative volume crossed $1.5 billion, per a Robinhood Crypto post on X. The competition is moving too. Coinbase's Deribit exchange rolling out stock perps in August signals that equity-linked onchain trading is now an institutional priority, not just a retail experiment. Meanwhile, Kraken's launch of unified US stocks and xStocks trading in Europe shows that distribution, not just infrastructure, is where the race is being run. One friction point remains for the HOOD bull case. Stock Tokens on Robinhood Chain are not available to US persons. Robinhood's core user base, the one that drove $1.31 billion in Q2 2026 revenue, sits outside the chain's current RWA reach. Goldman Sachs and other banks remain broadly positive on HOOD and COIN for H2. Goldman's cautiously optimistic crypto market stance on COIN and HOOD reflects conviction that the onchain revenue narrative holds even as brokerage volumes compress. For now, the August 31 data point gives bulls a clean headline. Robinhood Chain outran Ethereum and Hyperliquid on app revenue for a day. Whether that becomes a recurring pattern, or fades with launchpad volume, will determine whether the chain moves the needle on HOOD's earnings story. For decentralized borrowing and yield, see its roundup of DeFi lending platforms. Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses. Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over its editorial content. BestChange Instant Currency Exchange at BestChange with Ease * Compare Rates Across 1000+ Exchanges * Access 250+ Cryptocurrencies & Pairs * Save Time with Real-Time Price Tracking * Trusted & Verified Exchange Listings Why Trust CoinGape * Latest * / * Trending
Robinhood Chain app revenue surpasses Ethereum in a single day. On August 31, Robinhood Chain achieved an impressive $2.66 million in application revenue within just 24 hours, outpacing Ethereum and other networks. This surge highlights the growing influence of Robinhood Chain in the decentralized finance (DeFi) landscape. Revenue comparison within the DeFi space. According to data from DeFiLlama, Robinhood Chain's revenue for the day exceeded that of Hyperliquid L1, which generated $1.71 million, and Ethereum, which brought in $1.57 million. Over the same period, Base managed around $439,252. Notably, Robinhood Chain's earnings were approximately 6.1 times that of Base, underscoring its rapid growth. It's important to note that the figures reported are part of a rolling measurement and not indicative of fixed financial results, reflecting the dynamic nature of DeFi revenue generation. Dominance in daily revenue but challenges ahead. While Robinhood Chain led in daily application revenue, it falls short when considering a 30-day period, where Hyperliquid L1 accumulated $53.6 million and Ethereum $52.03 million. This discrepancy indicates that, although there was significant daily activity, sustained performance over time is essential for long-term success. The top-performing applications on Robinhood Chain included GMGN, which accounted for around $1.11 million, followed closely by Pons with about $1.03 million. The heavy reliance on a few key applications highlights the need for broader revenue generation across the network. As Robinhood Chain continues to evolve, it must focus on maintaining user engagement and transaction activity to secure its position in the competitive DeFi market. Discover more
Robinhood Chain outperforms Ethereum with $2.66M App Revenue. * Guido Battigelli * Published: August 31, 2026 * 2:38 pm * Updated: August 31, 2026 * 2:38 pm Table of Contents * Robinhood Chain recorded $2.66 million in app revenue within a 24-hour period, surpassing Ethereum and Hyperliquid L1. * Gmgn, Pons, and Uniswap accounted for nearly 88% of that revenue, with $1.11M, $930K, and $306K respectively. * Hyperliquid processed $8.9 billion in perpetual futures volume, compared to Robinhood Chain's modest $5.9M. Just two months after its public launch on July 1, Robinhood Chain has already surpassed far more established networks in at least one key metric: on August 30, app-generated revenue on the network reached $2.66 million in 24 hours, above the $1.7 million posted by Hyperliquid L1 and the $1.27 million recorded by Ethereum in the same period. That figure also came in at nearly six times the $438,436 posted by Base on the same day. The network, built on Arbitrum as an L2 and unveiled at Robinhood's "The World Is Flat" event in London, had already shown early signs of its potential and adoption. In its first two weeks, it surpassed Base and Ethereum in 24-hour DEX volume, and by mid-August had displaced Ethereum in NFT trading volume. Robinhood Chain's 24-Hour App Revenue Surpasses Ethereum and Hyperliquid L1, Nearly 6x Base's According to DeFiLlama data, Robinhood Chain generated $2.66 million in app revenue over the past 24 hours, surpassing Hyperliquid L1's $1.7 million and Ethereum's $1.27 million, and... pic.twitter.com/TwkQ81bqvc - Wu Blockchain (@WuBlockchain) August 31, 2026 Robinhood Chain: revenue concentration. Revenue was not evenly distributed among the protocols active on the network. Three applications accounted for nearly 88% of the day's total: Gmgn, the onchain trading terminal focused on memecoins, contributed approximately $1.11 million; Pons, a token launch and social trading platform, generated around $930,587; and Uniswap contributed $306,877 through its spot trading activity on the network. That concentration reveals who is using the chain today - a user base with a short-term speculative profile - even though the network was designed around tokenized real-world assets, stocks, and ETFs, with its price feeds provided by Chainlink for 95 equity tokens. Hyperliquid still dominates. A strong day in app revenue does not imply a shift in ecosystem leadership. On July 13, Hyperliquid processed $8.9 billion in perpetual futures volume in 24 hours, compared to the $5.9 million posted by Robinhood Chain on the same day. Hyperliquid also holds roughly 9% of open interest in perpetual contracts globally, a market share no rival has managed to replicate so far. App revenue and trading volume measure different dimensions, and the previous day's numbers suggest that Robinhood is successfully redirecting a significant share of retail activity - largely drawn from its own brokerage client base - toward its own chain. Price Prediction TL;DR CASHCAT Market Overview: Multi-year forecasts show a mix of modest gains, consolidation phases, and sharp upside potential driven by volatility and ecosystem growth. Yearly Real World Assets (RWA) News TL;DR Base recorded $94.6M in tokenized stock trading volume just one week after its launch. The four available stocks are NVDAc, GOOGLc, AAPLc and METAc. Solana News TL;DR: Solana's daily volume share in the tokenized stocks market plummeted from 71% to 30% over a two-week period. Real-world asset (RWA) meme pairs drove CryptoNews TL;DR pTokens launch: Arcus introduced pTokens that convert managed perpetual accounts into transferable ERC-20 tokens, giving traders simplified access to leveraged exposure. Collateral expansion: Arcus Zcash News TL;DR ETF Launch: Grayscale listed the Zcash ETF on NYSE Arca, converting its long-running trust into a tradable product. Security Fix: Developers patched a critical TL;DR: Abraxas Capital, Fasanara Capital, and Wintermute hold combined short positions of 138,569 ETH and 3,425 BTC on the Hyperliquid platform. The joint unrealized losses Follow Crypto Economy on Social Networks Crypto Tutorials Crypto Reviews
Robinhood Chain's 24-hour app revenue surpasses Ethereum and Hyperliquid L1, nearly 6x Base's. Aug 30, 2026 20:22 According to DeFiLlama data, Robinhood Chain generated $2.66 million in app revenue over the past 24 hours, surpassing Hyperliquid L1's $1.7 million and Ethereum's $1.27 million, and nearly six times Base's $438,436. GMGN, Pons, and Uniswap ranked among the top protocols by revenue, generating $1.11 million, $930,587, and $306,877, respectively, together accounting for approximately 88% of Robinhood Chain's total app revenue. FSA bans overseas single-stock leveraged ETF sales; Vietnam licenses pending; Dubai app flaw drains USDT; Pakistan licenses due Sept 5; Korea crypto tax 2027; HKDAP stablecoin launch; Sberbank to expand crypto-backed loans; Abu Dhabi stake in World Libert WuBlockchain · Aug 30, 2026 04:12 LayerZero to launch an institutional blockchain exchange this fall, plus multiple crypto updates and deployments. WuBlockchain · Aug 29, 2026 04:14 Bitcoin bull market enters as US liquidity rises; debt, TGA buybacks, and AI/DeFi activity amplify macro drivers. WuBlockchain · Aug 28, 2026 05:40 The content on this website is for informational purposes only and does not endorse any business or investment activities. Readers should comply with local laws and avoid illegal financial activities. No part of WuBlockchain's content may be reproduced without permission. Legal action will be taken against violators. Beware of fake accounts - WuBlockchain only shares blockchain information, does not engage in politics, never requests transfers via private messages, or promotes any specific token. Do not trust such claims. Aug 30, 2026 21:25 Aug 30, 2026 20:22 Aug 30, 2026 20:00 Latest podcast. Jul 05, 2026 06:36