Robinhood Chain bridges $70M ETH, $500M volume in week one

Robinhood's new blockchain network has rapidly emerged as a major force in the crypto sector, attracting significant user activity and sparking a speculative frenzy around a meme coin within its first two weeks of operation. The Robinhood Chain, a permissionless Layer 2 network built on Arbitrum that launched on July 1, is designed to integrate tokenized stocks, decentralized finance (DeFi) services, and AI-powered trading tools within the company's existing retail ecosystem.

Data from the network's initial days shows explosive growth. According to analytics platforms, the chain's daily transaction count nearly matched that of the established Base network within just 1.5 weeks. Daily active users reached approximately 194,000 in the first week, with daily revenue hitting $39,000. The total value locked (TVL) on the chain surged, with one report noting over $200 million in the first week, while another data source showed a TVL of roughly 46,748 ETH, valued around $83 million. A single day of inflows last week saw over 31,855 ETH, worth about $55 million, bridged to the network.

Much of the initial attention, however, was driven not by the platform's core tokenized stock offerings...