Research note · Robinhood Chain

Robinhood's ecosystem roundup vs. what pays today

Robinhood featured 24 builders in its ecosystem roundup. Together they made $7.1M on the chain in October, 32% of all revenue. The projects it left out made $13.5M, or 61%.

Featured (24)$7.1M32% of Oct revenue
Not featured$13.5M61% of Oct revenue
Lighter + Arcus$4.0M+74% vs Sep
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Research snapshot · Oct 2026

Map of the 24 builders in Robinhood's ecosystem roundup by category, with tracked October revenue on Robinhood Chain
Map of all 24 featured builders by category, with October revenue on Robinhood Chain · Select the image to view it at full size

What Robinhood featured

24 builders, mapped by category. The focus is trading infrastructure, Stock Tokens, AI agents and easier access to the chain for new users and capital. Morpho holds about $590M, more than half the chain's TVL. 14 of the 24 have a token, only 5 of them native to the chain: $UP, $STONKBROKER, $BUN, $PRIORS and $NET.

What pays today

The featured projects made $7.1M on the chain in October, 32% of all revenue. The projects left out made $13.5M, or 61%, led by Standard ($4.2M, an onchain reserve funded by a tax on its own token), Pons ($2.5M, the chain's biggest launchpad), fomo ($1.7M) and GMGN ($1.6M). The chain's sequencer makes up the remaining 7%.

Perps carry the featured side

Lighter and Arcus made $4.0M of the featured $7.1M, up 74% vs September. So the builders Robinhood highlights are not yet the ones that pay. Perps are growing, while most revenue still comes from token trading, launchpads, token taxes and games of chance.

October revenue on Robinhood Chain: featured projects vs. projects not featured in the roundup
Featured vs. not featured: October revenue on Robinhood Chain (DefiLlama, Robinhood Chain revenue only) · Select the image to view it at full size

Sources & related reading

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