Robinhood Chain generated about $3.1 billion in decentralized exchange (DEX) trading volume during its first week after launch. According to analysts at Bernstein, that was enough to place the new blockchain among the top five networks by user trading activity.
According to The Block, since the mainnet launched on July 1, roughly 65,000 users have joined Robinhood Chain. They have deposited around $300 million in stablecoins and approximately $13 million in tokenized stocks.
Cumulative DEX trading volume on Robinhood Chain. Source: DefiLlama.
The Arbitrum-based layer-2 network is designed for financial services and real-world asset (RWA) tokenization. Its ecosystem partners include Uniswap, Morpho, Chainlink, Lighter, and BitGo.
Memecoins drive early trading activity
According to Bernstein, memecoins accounted for most of the network's trading activity during its initial launch phase. As adoption expanded, cryptocurrency traders and liquidity providers also began joining the ecosystem.Robinhood Chain currently supports tokenized stocks, decentralized lending, and perpetual futures.
Analysts said daily DEX volume reached as much as $809 million, making Robinhood Chain the third-largest blockchain by decentralized trading activity, behind only Solana and BNB Chain.
Less than two weeks after launch, the network's total value locked (TVL) also surpassed $100 million.
Robinhood focuses on tokenized assets
Bernstein expects Robinhood to gradually shift its focus away from memecoin trading toward tokenized assets, including stocks, commodities, and perpetual futures.Robinhood's tokenized stocks are currently available to users in more than 120 countries, excluding the United States. Holders can use them as collateral for trading or deposit them into lending protocols to earn yield.
Bernstein also noted that real-world asset tokenization remains one of the crypto market's strongest-performing sectors. According to The Block, the market's capitalization has grown from $35 billion at the end of 2025 to more than $51 billion, while the number of holders has surpassed one million.
Furthermore, Robinhood Chain attracted more than $70 million in Ethereum during its first week after launch. Analysts attributed the strong inflows to growing interest in asset tokenization and said using ETH as the network's native gas token could become an additional source of demand for the second-largest cryptocurrency.
Earlier, Robinhood expanded its lineup of perpetual futures for European users and announced plans to launch cryptocurrency services in the United Kingdom. The company continues to expand its international business as it seeks to reduce its dependence on trading-related revenue.
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