Robinhood Chain 'Snaps Up' $70 Million in Ethereum (ETH) Within a Week of Launch

▲ Robinhood (HOOD)/AI Generated Image

With over $70 million in Ethereum (ETH) flowing into the Robinhood Chain within just one week of its launch, the competition for tokenized assets on Wall Street has emerged as a new driving force to boost Ethereum demand. Daily active users grew to 194,000, and daily revenue reached $39,000, rapidly expanding initial network metrics.

According to crypto media outlet Cointelegraph on July 10 (local time), over $70 million in Ethereum flowed into the Robinhood Chain, launched by Robinhood Markets (HOOD) on July 1, via bridges during its first week. The Robinhood Chain is an Arbitrum-based Layer 2 network that uses Ethereum as its gas token. Token Terminal stated, “If adoption continues, the Robinhood Chain could become a significant new source of demand for Ethereum.”

Network activity also grew rapidly. Token Terminal assessed, “The Robinhood Chain is quickly converting liquidity into economic activity.” In its first week, daily active users reached 194,000, and daily revenue hit $39,000, reaching an annualized revenue level of $14 million. DefiLlama reported the total value locked (TVL) on the Robinhood Chain as 46,748 ETH, approximately $83 million. On Thursday alone, inflows amounted to 31,855 ETH, roughly $55 million.

Hayden Adams, founder of Uniswap (UNI), explained that most of the activity on the Robinhood Chain is based on Ethereum. Adams stated, “Ethereum is the base asset for transactions, the asset with the highest trading volume, and the gas token used to pay for block space costs,” adding, “ETH on Ethereum Layer 1 is also burned in the process of paying data storage fees.”

Andri Fauzan Adziima, Head of Research at Bitrue Research Institute, evaluated the initial transaction volume as a strong bullish signal. Adziima said, “Using Ethereum as a gas token on a high-speed Arbitrum Layer 2 creates direct and recurring demand for every transaction, locks up capital, and simultaneously attracts Robinhood's large user base on-chain.” Tim Sun, Senior Researcher at HashKey Group, also commented, “It's more important that Robinhood chose to build its own on-chain financial ecosystem within the Ethereum network,” adding, “This further strengthens Ethereum mainnet's status as the final settlement layer and liquidity base for tokenized assets.”

Robinhood offers tokenized stocks to users in over 120 countries, and Ethereum and Layer 2 networks account for over 50% of the tokenized real-world asset market. Cointelegraph cited real-world asset tokenization, AI agent payments, institutional adoption, and the Glamsterdam upgrade, expected before the end of 2026, as key reasons for Ethereum's long-term growth thesis.

[Article Summary]

-Over $70 million in Ethereum flowed into the Robinhood Chain via bridges during its first week of launch.

-Daily active users increased to 194,000, daily revenue to $39,000, and total value locked was tallied at 46,748 ETH.

-Experts evaluated Robinhood's adoption of Ethereum as the gas and transaction base asset as a structural factor for new Ethereum demand and the expansion of the tokenization market.

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