TL;DR
Robinhood launched its own layer 2 blockchain on July 1, 2026, and in just seven days surpassed $70 million in bridged ETH, according to data from Token Terminal. The network is EVM-compatible, built on Arbitrum, and uses ETH as its native gas token. The company described it as “AI-native” and specifically designed for real-world assets.
The first-week numbers demonstrate the success and rapid adoption of Robinhood Chain. Daily active users reached 194,000 and daily revenue hit $39,000, equivalent to an annualized revenue rate of $14 million, according to Token Terminal. DefiLlama recorded a total value locked of 46,748 ETH, equivalent to roughly $83 million at current prices, with Thursday’s inflows reaching 31,855 ETH, nearly $55 million in a single day.
ETH bridged from @ethereum (L1) to Robinhood Chain (L2) is up by ~70x in the past week, surpassing $70M@RobinhoodApp Chain uses ETH as its native gas token
If adoption continues, the chain could become a meaningful new source of demand for ethereum:native pic.twitter.com/ihvgnut9Hz
— Token Terminal
(@tokenterminal) July 9, 2026
The founder of Uniswap, Hayden Adams, noted that most of the activity on the chain is denominated in ETH: it functions as the base trading pair, highest-volume asset, and gas token, while also burning ETH on layer 1 to pay data storage fees.
Tim Sun, senior researcher at HashKey Group, described the project as “a clear structural positive for ETH” and emphasized that the deeper significance lies in Robinhood’s decision to build its on-chain financial ecosystem within the Ethereum network, which positions Ethereum as the final settlement layer for tokenized assets.
Andri Fauzan Adziima, research director at Bitrue Research Institute, described it as “strongly bullish” and stated that the early volume “validates the L2 flywheel” as a new demand sink.
On the other hand, Robinhood also launched a tokenized stocks market for clients in more than 120 countries. Ethereum and its L2 scaling networks already account for more than 50% of the tokenized real-world asset market, according to RWA.xyz.
