Robinhood Chain Reaches 7.6 Million Daily Transactions After Launch

Covering all gas fees for 90 days has produced the surge, leaving Robinhood to prove whether volume converts to lasting fee revenue when the subsidy ends.

Overview

On-chain trackers reported 7.6 million transactions in a single day, a level reached 11 days after the July 1 mainnet launch and verified by multiple analytics firms.
Robinhood is paying all user gas costs through the first 90 days, a policy that removed transaction fees and helped push Uniswap volume above $500 million in one day.
Early liquidity and TVL—reported in the low hundreds of millions and concentrated in Morpho lending integrations—reflect fast growth that analysts say is partly driven by memecoin trading and the fee subsidy.
Investors will watch Robinhood’s Q2 2026 earnings in early August for the first financial read on live mainnet activity and the end of the subsidy at the close of September as the key test of sustainable revenue.
The chain ties to Robinhood’s tokenized-stock business and uses a Jersey vehicle for those securities, a structure that raises cross-border regulatory questions as activity and reporting ramp up.