[REVISION HISTORY]

Robinhood Chain scales amid revenue surges and IPO entry

Updated 26 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-07 00:54 UTC → 2026-09-09 04:13 UTC · added ~~removed~~

Robinhood Chain scales amid revenue surges and ~~technical hic~~ IPO entry

Following a record-breaking quarter in August 2024, Robinhood accelerated its expansion into crypto, AI-driven trading, and tokenized securities. The launch of the Ethereum-compatible Robinhood Chain in July 2024 drove significant activity, with total value locked (TVL) reaching $1.3 billion by early August 2026. By early September 2026, the network recorded record daily trading volumes for RWA-linked tokens and transaction fees exceeding those of the Arbitrum mainnet. On September 4, the Robinhood Chain experienced a 14-minute halt in block production due to issues with batch posting to the Ethereum mainnet. ~~While Arbitrum clarified that the network itself did not experience downtime, the incident raised questions regarding the stability of centralized sequencers.~~ Despite this, network revenue has continued to ~~surge, peaking at over $4 million daily, with decentralized exchange (DEX) volumes hitting a record $3.7 billion. Memecoin activity, particularly through~~ surge. By early September, the memecoin launchpad Pons ~~launchpad, has become~~ became a primary driver of ~~network traffic. On~~ traffic; on September 2, ~~Pons~~ it generated $5.95 million in daily ~~fees, utilizing a~~ fees. Its fee-sharing model ~~that~~ has resulted in the destruction of 29% of its native token supply. ~~Financial analysts remain bullish. Deutsche Bank raised its price target for Robinhood (HOOD) from $115 to $136, citing rapid revenue growth from~~ By September 8, weekly transaction fees on the Robinhood ~~Chain. This follows a~~ Chain surged over 17 times to approximately $25 million. Wall Street analysts have responded with increased optimism. Following previous ~~upgrade~~ upgrades by Morgan ~~Stanley, which raised its target to $150. However, industry debate continues regarding the network's fee structure; Solana co-founder Anatoly Yakovenko noted that~~ Stanley and Deutsche Bank, StoneX Financial issued a “buy” rating with a $170 price target, noting Robinhood’s evolution into a broader platform. Bernstein set a $160 target, projecting the ~~10%~~ chain could generate $160 million in annual revenue ~~share paid~~ by 2028. Other institutions, including Goldman Sachs and Jefferies, also raised their price targets to ~~Arbitrum~~ $142 and $140, respectively. Beyond blockchain, Robinhood is ~~substantial, suggesting such funds could potentially subsidize user transactions.~~ expanding its financial ecosystem by entering the IPO underwriting market, recently serving as an underwriter for the Finnish smart ring manufacturer Oura, and expanding into prediction markets through a deal with Crypto.com.

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