Robinhood Chain processed $14.05 billion in tokenized stock trading during its first quarter, with monthly volume rising from $526 million in July to $11.31 billion in September. The network collected $51.11 million in fees, of which Robinhood retained about $45.93 million before operating expenses, while Ethereum received only $69,170 in settlement fees. Revenue was heavily concentrated, as 74% of quarterly fees were generated between August 30 and September 10, when average transaction costs rose from two cents to 14.3 cents. The next quarter will test whether higher trading volumes, including potential growth in tokenized stock lending, can offset declining transaction fees.
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