Robinhood's cryptocurrency trading revenue fell by 39.4% quarter-over-quarter to $134 million in Q1, according to Blockworks Research analyst Shaunda Devens. Meanwhile, Hyperliquid's revenue decreased by 31% to $179.7 million but remained higher than Robinhood's crypto segment. This performance was driven by a 454.8% quarter-over-quarter increase in Hyperliquid's RWA revenue. Additionally, Robinhood's recharging user base grew by only 1.5% during the same period.
Robinhood Crypto Revenue Drops 39.4% in Q1, Hyperliquid Outperforms
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