Robinhood Chain daily revenue of $1.92 million, Morgan Stanley sets HOOD price target at $150

According to PolyBeats monitoring, in the Polymarket prediction market, the probability of the event "Robinhood Markets, Inc. (HOOD) reaching $120 in September 2026" is 43%.

CoinDesk reported on the 1st that Robinhood Chain generated approximately $1.92 million in on-chain revenue in the past 24 hours, ranking first on the DeFiLlama daily on-chain revenue list. The chain has accumulated nearly $6 million in revenue over the past 30 days, with a weekly decentralized exchange volume of around $6.92 billion.

On July 1st, Robinhood officially launched the Robinhood Chain mainnet, offering stock tokens to eligible users in over 120 countries and regions. The supported assets are available for trading around the clock, can enter lending pools, or act as trading collateral. GMGN, Pons, and Uniswap have recently contributed most of the on-chain application revenue. Robinhood has not disclosed how on-chain revenue is recognized in the company's financial reports.

Robinhood Chain utilizes the Arbitrum technology stack. The official Arbitrum rules state that the network needs to allocate 10% of chain profits to the Arbitrum ecosystem, with 8% going to the DAO treasury and 2% to the protocol developers' guild. Within the 24-hour period of peak revenue, the Arbitrum ecosystem received approximately $175,612. ARB has surged over 30% in the past 24 hours.

MarketWatch reported on the 1st that Morgan Stanley has upgraded Robinhood's rating to "Overweight" with a target price set at $150. Robinhood's total net revenue for the second quarter reached $1.31 billion, a 32% year-over-year growth; event contract revenue exceeded $156 million, more than a tenfold increase year-over-year; platform assets totaled $369 billion, with a net inflow of $21.7 billion for the quarter.
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