Hyperliquid surpasses Robinhood Crypto in 24-hour app revenue

Robinhood: Robinhood is a retail brokerage platform that offers commission-free trading in stocks, options, and cryptocurrencies, and has expanded into its own blockchain for app-based services and prediction markets. It recently entered partnerships to route event contracts through additional derivatives venues while navigating regulatory considerations around new product offerings. In the context of this news, Robinhood Crypto's chain was surpassed in 24-hour app revenue by Hyperliquid, underscoring competitive dynamics in onchain metrics. Hyperliquid: Hyperliquid is a decentralized perpetual futures exchange that operates on its dedicated L1 blockchain, focusing on onchain derivatives trading and related infrastructure. It has been actively engaging with regulators through its policy center to explore U.S. market access and compliance pathways amid broader industry discussions. In the context of this news, Hyperliquid's chain achieved higher 24-hour app revenue than Robinhood Crypto's chain according to DefiLlama metrics, highlighting its growing position in onchain revenue generation. Product Expansion: Robinhood has pursued new partnerships to diversify its prediction markets offerings across multiple derivatives platforms. Regulatory Developments: Hyperliquid's policy efforts include public discussions with U.S. officials and support for CFTC positions on perpetual futures to facilitate potential onshore expansion.