Overview
- Robinhood Chain, which launched on July 1, is an Arbitrum‑based Ethereum Layer 2 that uses ETH for gas, targets about 100 millisecond block times, and is addressable under chain ID 4663.
- Total value locked on the chain climbed past $50 million within days of launch, a rapid liquidity signal for a network live less than a week.
- ETH bridged from Ethereum into Robinhood Chain surged roughly tenfold in the days after launch, showing users are moving capital into the new network to trade and provide liquidity.
- The chain added tokenized equity tokens including a COIN token that give economic exposure but not shareholder rights and are issued as debt securities by Robinhood Assets (Jersey) Limited, with access available in more than 120 countries.
- Major DeFi infrastructure went live at or soon after launch—Uniswap AMMs, Chainlink oracles and CCIP, BitGo custody, and Morpho and Spark lending—while Robinhood pledged developer incentives and faces questions over counterparty risk, long‑term liquidity and multijurisdictional regulation.