Following the launch of Robinhood’s new Layer 2 blockchain, Robinhood Chain, on July 1, the network has already seen more than $70 million worth of Ether transferred onto the platform in its first week. Data from Token Terminal highlights the rapid influx of liquidity to the chain during its debut, signaling strong early adoption.
First week metrics draw attention
Built on Arbitrum and fully compatible with the Ethereum Virtual Machine, Robinhood Chain uses ETH as its native transaction fee token. The company has positioned the network as both artificial intelligence-friendly and focused on real-world asset tokenization. As a US-based fintech, Robinhood is known for enabling stock and crypto transactions.
Token Terminal analysts suggest that if this rate of user adoption continues, Robinhood Chain could emerge as a significant new source of demand for ETH. They note that the network has swiftly converted liquidity into on-chain economic activity, creating a meaningful new channel for ETH utilization.
Token Terminal emphasizes that Robinhood Chain is rapidly transforming liquidity into economic activity, establishing an effective path for increased ETH demand.
During the network’s opening week, daily active users climbed to 194,000. Daily revenue reached $39,000, which annualizes to approximately $14 million, indicating the chain’s strong growth trajectory since launch.
Liquidity and total value locked soar
DefiLlama data paints a similar picture. According to the platform, total value locked (TVL) on Robinhood Chain hit 46,748 ETH, or about $83 million at market prices. On Thursday alone, deposits totaled 31,855 ETH, equal to roughly $55 million based on current valuations.
| Indicator | Level |
|---|---|
| ETH moved in first week | Over $70 million |
| Total value locked | 46,748 ETH |
| Daily active users | 194,000 |
| Daily revenue | $39,000 |
Uniswap founder Hayden Adams remarked that most of the activity on Robinhood Chain is denominated in ETH. He explained that ETH serves as the primary asset in trading pairs, holds the highest trading volume, and is also the settlement currency for block space fees.
Hayden Adams reported that a significant portion of Robinhood Chain activity is ETH-based, and that ETH is also burned on the mainnet as part of the network’s data storage fees.
Tokenized stocks drive ETH demand
Robinhood is also offering tokenized stocks to clients in over 120 countries. Growing interest in representing US stocks on the blockchain is bolstering Ethereum’s and Layer 2 networks’ standing in the real-world asset space. Data from RWA.xyz indicates that over half of the market share for real-world asset tokenization lies within the Ethereum ecosystem.
Andri Fauzan Adziima, head of research at Bitrue Research Institute, stated that early trading volumes confirm a growth cycle for Layer 2 solutions, generating strong new demand for ETH. Tim Sun, senior researcher at HashKey Group, highlighted that Robinhood Chain’s use of ETH for gas fees is structurally positive for the Ethereum network.
On Friday, the price of ETH climbed as high as $1,775. Nevertheless, the token remains 64% below its August 2025 record high.
