Robinhood’s New Blockchain Breaks Into Top Five for DEX Trading Volume

Robinhood’s newly launched blockchain network has already climbed into the top five chains by decentralized exchange trading volume, according to a research report from Wall Street broker Bernstein. Since its mainnet went live on July 1, Robinhood Chain has processed $3.1 billion in DEX trading activity within just seven days, a rapid start that analysts say reflects strong early interest in the company’s tokenized asset platform.

More than 65,000 users have already joined the network, holding roughly $13 million worth of tokenized stocks along with $300 million in stablecoins. Bernstein analysts, led by Gautam Chhugani, said the early activity points to growing overlap between tokenized real world assets and decentralized finance, as companies test different approaches to regulated asset tokenization.

Built on Ethereum Layer-2 Technology

Robinhood Chain runs on Arbitrum, an Ethereum layer-2 network designed to support tokenized real-world assets alongside decentralized finance tools. The platform allows continuous trading, self-custody of assets, and onchain functions like lending and using tokens as collateral. It also connects with decentralized applications and outside liquidity providers, including partnerships with Uniswap, Morpho, Lighter, Chainlink and BitGo.

Memecoins Lead Early Activity, Real-World Assets Expected to Grow

Much of the trading so far has centered on memecoins, though analysts expect Robinhood to shift focus toward tokenized stocks, commodities and perpetual futures over time. This launch arrives as tokenized real-world assets continue expanding faster than the broader crypto market, with the sector now valued above $51 billion, up about 50% since the start of the year. Tokenized equities specifically have grown close to 170% in 2026, reaching $1.9 billion in value.

Bernstein maintains an outperform rating on Robinhood with a price target of $130. Shares of the company were trading slightly lower on Monday morning, down 0.6% at $111.35.