And the ten horns out of this kingdom are ten kings that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.
And the ten horns - answering to the ten "toes" (Daniel 2:41). And the ten horns - answering to the ten "toes" (Daniel 2:41).
Out of this kingdom - it is out of the fourth kingdom that the ten others arise, whatever exterior territory any of them possess (Revelation 13:1; Revelation 17:12).
And another shall rise after them - yet contemporaneous with them; the ten are contemporaries. Antichrist rises after their rise, at first "little" (Daniel 7:8); but after destroying three of the ten he becomes greater than them all (Daniel 7:20-21). The three being gone, he is the eighth (cf. Revelation 17:11); a distinct head, and yet "of the seven." As the previous world-kingdoms had their representative heads-Babylon, Nebuchadnezzar; Persia, Cyrus; Greece, Alexander-so the fourth kingdom and its Antichrists shall have their evil concentrated in the one final Antichrist. Since Antiochus Epiphanes, the Antichrist of the third kingdom in Daniel 8:1-27, was the personal enemy of God; so the final Antichrist of the fourth kingdom, his antitype, shall be. The Church has endured a pagan and a papal persecution; there remains for her an infidel persecution, general, purifying, and cementing (Cecil). He will not merely, as Popery, substitute himself for Christ in Christ's name, but "deny the Father and the Son" (1 John 2:22). The persecution is to continue up to Christ's second coming (Daniel 7:21-22); the horn of blasphemy cannot therefore be past, for now there is almost a general cessation of persecution.