Robinhood reported its best quarter ever with net revenue of $1.31 billion, up 32% year over year, and net income of $573 million, up 48%. Event contracts generated $156 million, up more than tenfold year over year, surpassing crypto revenue of $100 million for the first time. The platform now has 13 business lines each generating over $100 million in annualized revenue. Crypto revenue fell 38% to $160 million while options surged 29% to $342 million and equities jumped 95%. Robinhood Chain processed over $12 billion in DEX volume, becoming the fastest network to reach 100 million transactions, with TVL around $325 million.
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