Robinhood Layer-2 goes live as its crypto revenue drops 38%

ambcryptoОпубліковано о 2026-02-11Востаннє оновлено о 2026-02-11

Анотація

Robinhood has launched a public testnet for its Ethereum-based Layer-2 blockchain, Robinhood Chain, built on Arbitrum. The announcement was made at Consensus Hong Kong, marking the first public rollout since its initial reveal last year. The testnet offers developers access to documentation and compatibility with standard Ethereum tools, with infrastructure partners like Alchemy and LayerZero already building on it. Despite reporting record Q4 net revenue of $1.28 billion—a 27% year-over-year increase—the figure fell short of Wall Street expectations. Crypto revenue declined by 38% to $221 million, though crypto trading still saw a 3% quarterly volume increase to $82.4 billion. Net income dropped 34% to $605 million, though earnings per share slightly exceeded forecasts. For the full year 2025, Robinhood posted record net revenue of $4.5 billion, up 52% from 2024, with annual net income rising 35% to $1.9 billion. Revenue from prediction markets and futures surged 375% year-on-year to $147 million, surpassing equity-trading revenue for the first time. Following the earnings report, HOOD’s stock price declined.

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.

The bigger picture

Пов'язані питання

QWhat is the name of Robinhood's new Ethereum-based Layer-2 network and what technology is it built on?

AThe new network is called Robinhood Chain and it is built on Arbitrum.

QWhat was the key financial figure that fell short of Wall Street's expectations in Robinhood's Q4 earnings?

ARobinhood's Q4 net revenue of $1.28 billion fell short of Wall Street's expectations of $1.34 billion.

QBy what percentage did Robinhood's crypto revenue decline year-over-year in its latest earnings report?

ARobinhood's crypto revenue declined by 38% year-over-year.

QWhich two infrastructure partners were mentioned as already building on the new Robinhood Chain testnet?

AAlchemy and LayerZero [ZRO] are the infrastructure partners already building on the network.

QWhich revenue stream saw a massive 375% year-on-year increase and surpassed equity-trading revenue for the first time?

ARevenue from prediction markets and futures increased by 375% year-on-year to $147 million, surpassing equity-trading revenue for the first time.

Пов'язані матеріали

Jensen Huang's CMU Speech: In the AI Era, Don't Just Watch, Build

Jensen Huang, CEO of NVIDIA and a first-generation immigrant, delivered the commencement address to Carnegie Mellon University's class of 2026. He shared his personal journey from a humble background to founding NVIDIA, emphasizing resilience, learning from failure, and the responsibility that comes with leadership. Huang framed the present moment as the dawn of the AI revolution, a shift he believes is more profound than previous computing waves. He described AI as fundamentally resetting computing—moving from human-written software to machines that understand, reason, and use tools. This will create a new industry for generating intelligence and transform every sector. While acknowledging AI's potential to automate tasks and displace some jobs, Huang distinguished between the *tasks* of a job and its core *purpose*. He argued AI will augment human capability, not replace humans. The real risk, he stated, is not AI itself, but people being left behind by those who effectively use AI. He presented AI as a generational opportunity for massive infrastructure investment—in chip factories, data centers, energy grids, and advanced manufacturing—that could re-industrialize nations like the U.S. and bridge the digital divide by making computing and intelligent tools accessible to all. Huang called for a balanced approach: advancing AI safely and responsibly, establishing prudent policies, ensuring broad access, and encouraging universal participation. He urged the graduates not to fear the future but to engage with optimism and ambition, reminding them of CMU's motto, "My heart is in the work." His core message was clear: this is their moment to actively build and shape the AI-powered future, not merely observe it.

marsbit3 хв тому

Jensen Huang's CMU Speech: In the AI Era, Don't Just Watch, Build

marsbit3 хв тому

The Era Has Arrived Where Human Writers Must Prove They Are Not Machines

The article describes an era where AI-generated content is flooding the market, forcing human authors to prove they are not machines. It begins with the example of dozens of AI-written, error-ridden biographies of Henry Kissinger appearing on Amazon within hours of his death, a pattern repeated for other deceased celebrities and even living experts who find fraudulent books under their names. This spam content has exploded, with monthly new book releases on platforms like Amazon reaching 300,000 by late 2025. The issue spans genres, from suspiciously high proportions of AI-written teen romance and self-help books to dangerous, AI-generated foraging guides containing lethal advice. The platforms' automated review systems, designed to catch plagiarism and banned words, are ill-equipped to detect AI-generated text that avoids these pitfalls while being nonsensical or fraudulent. The problem has infiltrated traditional publishing. A major publisher, Hachette, had to recall a bestselling horror novel after AI detection tools suggested 78% of its content was machine-generated. An acclaimed European philosophy book was later revealed to be entirely written by AI under a fake author persona. In response, authors are fighting back. At the 2026 London Book Fair, 10,000 writers published a blank book titled "Don't Steal This Book" containing only their signatures—using emptiness as a protest weapon in an age of AI overproduction. Initiatives like the "Human Author Certification" program have emerged, ironically placing the burden on humans to prove their work is not machine-made. The article warns of a vicious cycle: AI-generated low-quality books pollute the data used to train future AI models, leading to "model collapse" and an ever-worsening flood of digital waste, eroding trust in publishing and devaluing human creativity.

marsbit28 хв тому

The Era Has Arrived Where Human Writers Must Prove They Are Not Machines

marsbit28 хв тому

Strategy CEO Highlights Scenarios Where Company Would Sell Bitcoin — Report

Strategy CEO Phong Le outlined potential scenarios for the company to sell portions of its massive Bitcoin holdings, a departure from its "Never Sell" philosophy. In a CNBC interview, Le stated sales could occur to finance dividend payments for its Perpetual Preferred Stock if doing so increases shareholder value, defined as a rise in "Bitcoin per share." He emphasized a data-driven approach, prioritizing math over ideology. Other reasons include when the company's book value is below market value or to capture tax benefits. As the largest corporate holder with 818,334 BTC (~$65 billion), Strategy has significant annual dividend obligations (~$1.5 billion). Le believes the Bitcoin market's high liquidity (~$60B daily volume) can absorb such sales without major price impact. Bitcoin currently trades around $80,840.

bitcoinist40 хв тому

Strategy CEO Highlights Scenarios Where Company Would Sell Bitcoin — Report

bitcoinist40 хв тому

Crypto Funds See Six Consecutive Weeks of Net Inflows, CLARITY Act Drives $858 Million Influx

Global cryptocurrency investment products recorded a net inflow of $857.9 million last week, marking the sixth consecutive week of positive flows and the largest single-week inflow since April 24, according to CoinShares' latest report. The primary catalyst was legislative progress on the U.S. CLARITY Act, specifically the final compromise text for stablecoin yield provisions, alongside Bitcoin's price breaking above $80,000. U.S.-listed products dominated with $776.6 million in inflows, a significant jump from the prior week's $47.5 million. European markets also saw increased participation. Bitcoin products led with $706.1 million in inflows, while short-Bitcoin products experienced their largest weekly outflow of 2026, indicating unwinding bearish positions. Major altcoins like Ethereum, Solana, and XRP all saw renewed positive flows, with Ethereum reversing its prior week's outflow to attract $77.1 million. Total assets under management (AUM) climbed to $160 billion.

marsbit42 хв тому

Crypto Funds See Six Consecutive Weeks of Net Inflows, CLARITY Act Drives $858 Million Influx

marsbit42 хв тому

Silicon Valley Wang Chuan: How Can You Not Feel Anxious When the Neighbor Lao Wang Earned 30x by Investing in Storage Stocks?

The author explores anxiety, attributing it to the amygdala's stress response, and suggests writing down worries to shift control to the rational prefrontal cortex, easing anxiety more effectively than mere reassurance. The piece then examines a source of financial anxiety in May 2026: a 150% surge in the Philadelphia Semiconductor Index, with storage stock SNDK skyrocketing 38x. The author analyzes the underlying logic behind this boom, tracing it to soaring valuations of AI startups like Anthropic (Anth). Anth's reported $400 billion ARR is scrutinized, revealing that cumulative revenue since founding is only about $108 billion, with the company still losing billions monthly and relying on continuous funding (having raised $723 billion). The author contrasts Anth's $1+ trillion valuation speculation with Berkshire Hathaway's fundamentals ($3.7 trillion revenue, $669 billion profit, $4 trillion cash, $1 trillion market cap), questioning the belief that a loss-making, funding-dependent startup could be worth more than the established giant. The narrative concludes by linking the massive valuations of Anth and OpenAI to a surge in AI industry capital expenditure (capex), which in turn fueled the storage sector's prosperity, setting the stage for a further discussion.

marsbit54 хв тому

Silicon Valley Wang Chuan: How Can You Not Feel Anxious When the Neighbor Lao Wang Earned 30x by Investing in Storage Stocks?

marsbit54 хв тому

Торгівля

Спот

Ф'ючерси

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни LAYER (LAYER).