Robinhood Chain draws $70M+ in ETH in first week

Robinhood Chain is an EVM-compatible, Arbitrum-based layer‑2 network that launched on July 1 and uses Ether as its native gas token. Token Terminal reported more than $70 million in ETH was bridged to the chain in its first week.

Token Terminal reported the network reached about 194,000 daily active users and generated roughly $39,000 in daily revenue during that week, an annualized run rate near $14 million.

On-chain data from DefiLlama show total value locked at 46,748 ETH, about $83 million, and a single-day inflow of 31,855 ETH, roughly $55 million.

Uniswap founder Hayden Adams wrote on X that ETH is the base trading pair on the chain, the gas token used to pay for blockspace, and that transactions on the layer‑2 lead to ETH burns on Layer 1 to cover data storage fees.

Andri Fauzan Adziima, research lead at Bitrue Research Institute, described the early activity as ‘strongly bullish,’ adding the start ‘validates the L2 flywheel’ by creating recurring demand through ETH-denominated transactions while onboarding Robinhood’s retail users.

Tim Sun, a senior researcher at HashKey Group, called the development ‘a clear, structural positive for ETH,’ noting that increases in bridged assets, wallets and transactions can generate new demand for Ether as the on‑chain ecosystem grows.

Robinhood offers tokenized U.S. equities to customers in more than 120 countries. Industry trackers report that Ethereum and its layer‑2 networks account for over half of the market share in tokenized real‑world assets.

Ether’s price rose to about $1,775 during the week while remaining below its August 2025 peak. A planned scalability upgrade named Glamsterdam is scheduled before the end of 2026.

Token Terminal wrote on social media that Robinhood Chain is rapidly converting liquidity into economic activity. The coming weeks will show whether the initial bridging and user growth produce sustained trading, custody and revenue on the chain and across Ethereum.