Robinhood Chain’s TVL Hits $480 Million as 1.8 Million Users Join in Three Weeks

Robinhood’s new Ethereum Layer-2 network has rapidly built momentum since launching its public mainnet on July 1, posting numbers that rival established blockchain networks.

Rapid Growth in Value and Users

Robinhood Chain’s total value locked reached about $480 million, marking a roughly 50% jump in just one week. Monthly active users climbed to 1.8 million, up nearly 60% week over week, while daily transactions are approaching 10 million.

Cumulative decentralized exchange trading volume has reached $8 to $9 billion in three weeks, largely driven by memecoin activity.

Built on Arbitrum With a Massive User Base

The chain runs on the Arbitrum stack, offering 100-millisecond block times and using ETH as its gas token. Robinhood brings roughly 28 million existing customers to the table, a structural advantage similar to what helped Coinbase’s Base network grow quickly after its own launch.

Stablecoins and Lending Drive Activity

Most of the locked value sits in stablecoin deposits flowing into lending protocol Morpho, with Ethereum and smaller real world asset contributions making up the rest. Analysts note the current user penetration rate stands at about 5.7% of Robinhood’s total customer base.