Robinhood Chain: The first quarter @RobinhoodApp reports Q3 earnings in about 4 hours. Before the live presentation by @vladtenev, @JohannKerbrat and team here's what they did in (just) its first quarter live. Robinhood launched its chain in July to bring tokenised stocks and onchain trading to its huge user base. It is already a top 4 chain by DEX volume The numbers (Q3 2026, per @ARKInvest) • DEX volume: ~$65bn in its first quarter → 4th largest chain, behind @Solana (~$197bn), @ethereum and @BNBCHAIN (~$73bn) • Network revenue: ~$51m, nearly matching BNB Chain (~$54m) and ahead of Ethereum (~$41m) • Tokenised stocks: ~$13.7bn traded onchain, and this was hugely aided by @longdotxyz (@Natan_benish) Some Thoughts • It makes ~$0.78m of revenue per traded, more than BNB Chain (~$0.74m) and Solana (~$0.39m) • Most of the volume came from distribution and a strong narrative (tokenised stocks, memestocks/memefi narrative). Robinhood already has the users and brought them onchain, which most new chains can't do • Will be keen to see whether the team talks about the chain on tonight's call and what are their plans for the ecosystem as a whole