Overview
- Robinhood Chain, which launched on July 1, has grown to roughly 2 million monthly active users after a roughly 50% rise in about a week, with daily transactions near 10 million.
- The network reports about $480 million in total value locked and roughly $8–$9 billion in three‑week DEX volume, most of which comes from speculative memecoin trading rather than tokenized stocks or broad DeFi use.
- Robinhood is running a 90‑day gas subsidy that covers users’ fees and the chain has no native token, factors that likely inflate short‑term activity and leave questions about user and liquidity retention when subsidies end.
- Tokenized Stock Tokens are issued by Robinhood Assets (Jersey) Limited and were not offered to U.S. users at launch, creating cross‑border legal uncertainty and potential regulatory scrutiny of the products and the platform.
- The chain runs on Arbitrum’s Orbit stack with early integrations such as Uniswap, Chainlink, BitGo and Morpho and routes 10% of net protocol revenue to the Arbitrum ecosystem, a fee flow that shifts economic benefit away from Ethereum and could affect broader L2 economics.