Robinhood's Q3 report still looks solid despite misses against tough year-ago peak crypto and equity comps. Revenue missed slightly; the EPS miss looks tied to $67M of unrealized mark-to-market losses primarily related to its RVI fund, explaining the drawdown. Its new banking feature looks frictionless: send cash by text without recipients needing Robinhood accounts, a nice Zelle alternative versus its partner bank. Robinhood is cyclical, unlike compounding SoFi, though both are great. x.com  … Show more

Base's second wave was exponentially bigger than its first, suggesting a similar surge could lie ahead for Robinhood Chain's large-cap coins. TOSHI went from $50M to over $1B and VIRTUALS from $30M to over $3B; expect AI, PONS and CASHCAT to do something similar. x.com 

Robinhood's growing non-crypto businesses make its trading-app valuation look too low. Gold subscribers rose 34% to 5.2 million, platform assets reached $396 billion, and 14 business lines now each generate over $100 million annually. Overweight with a $115 target, despite a weak report: deposits fell to $15.7 billion from $22 billion and net interest income dropped 9% as rates declined. x.com  x.com 

Robinhood Chain could plausibly earn more in fees than Ethereum or Solana did at their peaks, around $2-3 billion each. For the market to start assigning those numbers, it needs to sustain $2-4 million a day in fees for a few days, plus real projects launching, grabbing mindshare and making headlines. x.com 

Robinhood's record revenue and growing prediction-markets business support a near-term recovery in its stock after earnings. Q3 revenue reached $1.42B, crypto revenue of $120M beat the $114.1M estimate, and prediction-markets revenue rose sixfold year over year, though GAAP EPS missed at $0.51 versus $0.55. CEO Vlad Tenev said Robinhood plans to ramp support for Chain builders, bolstering the case for more ecosystem growth. x.com  x.com 

Robinhood's position as the first true institution to come on-chain may give it staying power beyond a hype cycle. Hype cycles come and go, but it is too early to count Robinhood out; its presence is unlikely to disappear over the long term. x.com 

Robinhood is oozing free cash flow despite the less favorable market. At 27x forward free cash flow, it is an undeniable bargain, and the stock is unlikely to get much cheaper. The near-term outlook is not particularly exciting, but risk appetite will return and investors will trade aggressively again; a crypto recovery would light a spark under the business. The $185 target by end-2027 remains. x.com 

Robinhood's onchain business is growing fast, and insuring its onchain yield makes DeFi safer for new users. Per Robinhood Earn's Hillary Skeffington, Robinhood backstopped onchain yield with a Lloyd's of London policy, one of the largest active onchain insurance products in the industry, which shields users from risks like smart-contract hacks. Robinhood Chain is posting insane growth, and per Robinhood's Nicola White, it is introducing what it calls the first true US perps offering. x.com  … Show more

US regulated perps could be one of the most profitable narratives in the next six months as a mostly offshore market opens to US retail. Robinhood has a large retail base; Coinbase has Deribit liquidity and seeks stock perps. Hyperliquid could gain from sector validation despite competition. Lighter has Robinhood Wallet integration; Robinhood Chain uses Arbitrum's stack under a deal designed to send part of protocol revenue to its ecosystem. Regulation and token value capture remain uncertain. … Show more

Robinhood's on-chain activity gives it an actual revenue line that TradFi will have to react to, and quickly. It resembles buying Coinbase when Base was announced, because TradFi wouldn't get it then either. @AltcoinSherpa bought after seeing the activity, hoping to front-run the bankers, and says the chart looks awesome. x.com