Robinhood has launched a public testnet for its new Ethereum-based Robinhood Chain. While Wall Street reacted negatively to its latest earnings, the company seems focused on building a more diversified, global platform.
Robinhood Layer-2 unveiled
Built on Arbitrum, Robinhood Chain was introduced by Johann Kerbrat, SVP and General Manager of Robinhood Crypto, at Consensus Hong Kong. This is the first public rollout after being announced at the company’s Cannes keynote last year.
The testnet will give developers access to entry points, documentation, and full compatibility with standard Ethereum [ETH] tools. Infrastructure partners such as Alchemy and LayerZero [ZRO] are already building on the network.
Revenue climbs 27%, but crypto slows
Robinhood delivered record Q4 net revenue of $1.28 billion, up 27% YOY. However, the figure fell short of Wall Street’s $1.34 billion expectations. Crypto revenue was a weak spot, dropping by 38% from a year earlier to $221 million.
Quarterly net income declined 34% to $605 million, though earnings per share came in at 66 cents. That was slightly above the 63 cent forecast.
For the full year, Robinhood posted record net revenue of $4.5 billion in 2025 – A 52% increase from 2024. Annual net income rose 35% to $1.9 billion. Crypto volumes rose 3% quarter-on-quarter to $82.4 billion, while equity volumes jumped 10% to $710 billion. Options contracts went up 8% to 659 million as well.
Meanwhile, revenue from prediction markets and futures was up 375% year-on-year to $147 million. They surpassed equity-trading revenue for the first time.
With revenues lower than forecasted, HOOD slipped on the price charts in response.
