Robinhood Chain Mainnet Growth Surpasses $80M TVL in First Week

An L2 that routes demand back to ETH

If we look at the technical stack, Robinhood Chain leverages Arbitrum's optimistic rollup framework, inherits full EVM compatibility, and uses ETH rather than a proprietary token for transaction fees. The company has positioned the network as "AI-native and purpose-built for real-world assets," a framing that aligns with the broader narrative around tokenized equities — Robinhood already offers tokenized stocks to customers in more than 120 countries. Furthermore, the chain settles back to Ethereum L1, where it burns ETH to cover data storage costs. Uniswap founder Hayden Adams noted that ETH serves as the base trading pair, the highest-volume asset, and the gas token, making the L2 an extension of ETH's economic surface area rather than a competitor to it.

First-week signals: liquidity, users, revenue

According to DefiLlama, the chain's TVL stands at 46,748 ETH, valued at approximately $83 million at current prices. Token Terminal reports that over $70 million in ETH was bridged to the chain during the first week, with Thursday's inflows alone reaching 31,855 ETH, or roughly $55 million. Daily active users reached 194,000, while daily revenue climbed to $39,000 — an annualized run rate of approximately $14 million. These figures matter because they establish whether the L2 flywheel is functioning in its early phase: real users generating real blockspace demand, settled in ETH, without requiring a native token incentive to bootstrap activity.

Ecosystem reach and the path forward

OKX Wallet has formally integrated Robinhood Chain, adding it to a multi-chain framework that now supports tokenized stocks, meme coins, and DeFi applications under a single self-custody interface. Ethereum and its L2 networks already hold more than 50% market share in tokenized real-world assets, according to RWA.xyz, and a retail-facing L2 with explicit RWA ambitions could consolidate that position. Institutional momentum around digital finance infrastructure is also extending beyond crypto-native venues, as demonstrated by the IFC's $2.83 million initiative to expand digital finance access in Ukraine. We should monitor three variables: the ratio of active addresses to bridged ETH as a gauge of organic usage, the chain's fee revenue trajectory once launch incentives taper, and the rollout of Ethereum's Glamsterdam upgrade, expected before year-end 2026, which targets increased L1 capacity. Separately, BNB Chain has announced plans for a new Layer-1 network aimed at autonomous AI agents and high-frequency trading at a claimed capacity exceeding 100,000 transactions per second — a competing architectural bet worth tracking as the L2-versus-application-chain debate matures.