Robinhood Chain Records Strong First Week With Over $70M ETH Bridged

Rapid Liquidity Inflows Mark Early Momentum

Robinhood Chain saw over $70 million worth of Ether bridged onto the network in its first week, according to data from on-chain analytics platforms. The Arbitrum-based layer-2 uses ETH as its native gas token and launched with a focus on real-world assets and tokenized equities.

Total value locked climbed quickly, reaching figures above $100 million and later approaching $234 million. A substantial portion of this TVL came through deposits into the Morpho lending protocol, with notable institutional flows including a $50 million deposit from Ethena.

Trading Activity Surges on Memecoin Interest

Decentralized exchange volume on the chain reached notable levels, with one day exceeding $560 million and briefly surpassing Hyperliquid. Cumulative volume crossed $1 billion in the first week. Much of this activity centered on newly launched memecoins, particularly CASHCAT, which saw significant trading alongside other tokens like Dog In Hood and TENDIES. WETH and USDC served as primary base assets.

Uniswap played a central role, with daily volumes on the platform hitting around $500 million at peaks, placing the chain among top performers for automated market maker activity shortly after launch.

ETH as Core Asset and Settlement Layer

Activity on the chain relies heavily on ETH. Uniswap founder Hayden Adams noted that most trading occurs in ETH-denominated pairs, with ETH functioning as the base pair, highest volume asset, and gas token. Transactions also contribute to ETH burns on Ethereum mainnet for data availability fees.

Tim Sun from HashKey Group described the development as a structural positive for Ethereum, pointing to growing demand for ETH through gas fees and its role in tokenized assets. Robinhood has extended tokenized stock offerings to users in over 120 countries, aligning with broader trends in real-world asset tokenization where Ethereum ecosystems hold a leading share.

User Adoption and Network Performance

The chain attracted around 350,000 wallet addresses and processed millions of transactions in the opening week. Daily active users peaked near 194,000, with many first-time participants. Average transaction fees stayed low, around $0.005, supporting accessibility.

Daily revenue reached approximately $39,000 during the period, pointing to an annualized run rate near $14 million. Over 13,900 smart contracts were deployed early on.

Infrastructure and Ecosystem Features

Built on Arbitrum technology, the network offers fast block times and permissionless deployment while maintaining settlement on Ethereum. Integrations at launch included Uniswap for trading, Chainlink for oracles, and Morpho for lending. Support for tokenized equities enables 24/7 trading of assets like major stocks.

Additional developments include Pumpfun adding support for tokens on the chain, allowing access for users from other ecosystems without bridging in some cases.

Early data shows a mix of speculative trading and lending activity shaping the initial phase, with ETH inflows providing foundational liquidity.