Robinhood Chain sees over $70M in ETH bridged during first week
Robinhood’s new Arbitrum-based layer-2, Robinhood Chain, bridged more than $70 million worth of ETH in its first week after launching July 1. The network is EVM-compatible, uses ETH as its native gas token, and is positioned for real-world assets and tokenized finance. Token Terminal said adoption could create meaningful new ETH demand, noting 194,000 daily active users and $39,000 in daily revenue, a $14 million annualized run rate. DefiLlama data showed about 46,748 ETH in total value locked, or roughly $83 million, with Thursday inflows of 31,855 ETH. Analysts said the chain strengthens ETH demand because ETH is used for trading, gas, and L1 data fees. The move also supports Ethereum’s dominance in tokenized assets, where it and its L2s already hold a major share.
