Blockworks Research data shows Robinhood Chain generated $3.6M in July, more than Polygon PoS and Base combined. HOOD stock trades at $93.60 after late July dip.
Alpha Score of 48 reflects weak overall profile with weak momentum, poor value, strong quality, strong sentiment.
Robinhood Chain generated $3.6 million in revenue during July, according to data from Blockworks Research. That figure placed the Ethereum Layer 2 network ahead of every other L2 for the month.
Polygon PoS followed with about $2.7 million. Base earned $2.1 million. Arbitrum One brought in $533,000. Starknet generated $137,000. Celo took in $119,000. OP Mainnet lagged at $39,000.
Robinhood Chain's July total topped the combined revenue of Base and Arbitrum One.
Robinhood also added 50 crypto assets for customers in the UK last month.
Jon Ma, CEO of Artemis, said he expects Robinhood to reach a $300 billion market cap by 2030. His model assumes the company grows to 100 million funded accounts, each generating about $200 in annual revenue. Under that scenario, Robinhood would produce nearly $20 billion in revenue and $10 billion in net income. Ma also cited a possible acquisition of TradingView as a growth driver.
Robinhood (HOOD) shares traded at $93.60. The stock hit a low near $84 in late July and has since moved in a tighter range, staying below its recent high above $100.
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