Robinhood (HOOD) CEO Tenev Pledges Bigger Developer Push After $80 Billion Chain Quarter

Tenev Puts Tokenized Assets First

What changes for holders: anyone holding Robinhood (HOOD) shares or assets on the company's blockchain now has a stated roadmap for where the firm's crypto bet lands. Chief Executive Vlad Tenev used Robinhood's Q3 2026 earnings call, held on Tuesday, to frame Robinhood Chain as the best place to hold and trade tokenized assets, starting from stock tokens and perpetual futures and expanding from there. The commitment came alongside the Q3 2026 earnings release filed with the U.S. Securities and Exchange Commission (SEC).

The chain's mainnet went live on July 1, and its first full quarter already placed it among the top five networks by volume and revenue, with cumulative DEX volume above $80 billion and chain fees above $50 million. Tenev's stated goal is to recreate as many US-tradable assets as possible in on-chain form for international users. Stock tokens are meant to work as programmable building blocks that developers assemble, and the metric management says it watches is stock token TVL rather than a push to maximize gas fees. Derivatives demand is already visible: DeFi perpetuals volume on the chain recently topped $1 billion in a single day. CFO Shiv Verma added that the revenue split with Arbitrum runs about even, roughly $50 million gross per quarter, $25 million net, or about $100 million annualized, with user experience and developer market share ranked ahead of fee income. Ondo has integrated with the chain, and Tenev said third-party tokenized products are welcome in the ecosystem.

The sharpest message concerned builders. Tenev acknowledged that many developers have told the company its community support could go further, and said Robinhood is forming a dedicated team for the task. Investors, he said, should expect the company to “really ramp the investment,” arguing that traction of this kind is uncommon among the many chains launched in recent months.

A Record Quarter That Still Missed

The quarter behind the strategy was a record with a miss. Robinhood reported revenue of $1.42 billion, just under the $1.43 billion analysts expected, and earnings per share of $0.51 against a $0.55 forecast. Crypto revenue climbed to $120 million from $100 million in Q2, a 20% sequential gain that still leaves it 55% below the $268 million of a year earlier. Total trading volume reached $50 billion, $29 billion of it through Bitstamp. Event contracts, the company's prediction-market line, produced $173 million in revenue, up from $156 million, on a record 16.4 billion contracts traded, more than seven times the year-earlier count. Between prediction markets and crypto, more than a fifth of Robinhood's revenue now comes from products that barely existed two years ago.

Tenev conceded on the call that Robinhood Chain has outrun internal forecasts: by late August, its rolling 30-day fees already exceeded those of Ethereum or Base. Ecosystem markets reacted fast. Chain-linked tokens rallied 20% to 50% after the call: Pons gained 18% to a $195 million market cap, AI (Long) rose 32% to $69 million, and Orbio added roughly 57%. Robinhood Crypto's official account publicly backed two of these teams, Long and Priors, the same day. The use cases are live: Long.xyz pairs memecoins against tokenized NVDA and TSLA shares, while Orbio funds AI inference credits with fees paid in tokenized Nvidia. Tenev also asked what becomes possible once a stock token is fully programmable, floating tokenized crypto options as one direction. Separately, Robinhood went live with Ripple's RLUSD on Robinhood Chain and Bitstamp, and will run its global cash operations on Ripple Treasury.

HOOD Levels After the Call

The market's first read was negative: COINOTAG data shows HOOD changing hands at $88.41, down 6.8% over the past 24 hours, after the US equity session closed at 20:00 UTC on October 27. The daily chart reads oversold, with the 14-day RSI at 29.9 and the trend still down. Two levels frame the near-term map: resistance at $89.82 sits just above the last price, scored 90/100 on COINOTAG's composite, while support at $86.00 carries a 67/100 score, with a stronger floor at $82.80 below. Leverage is light, as perpetual open interest stands near $19.6 million and funding runs at 0.0211% per interval. The nearest level, $89.82 resistance, holds a 90/100 score; HOOD last traded at $88.41.