Robinhood Chain Surpasses $800M TVL Within a Month of Launch, Processes Over 200M Transactions

Odaily News – Robinhood Chain has surpassed $800 million in total value locked and processed over 200 million transactions within a little over a month since its launch. Johann Kerbrat, head of crypto at financial services firm Robinhood, stated that the team chose an Ethereum Layer 2 network to leverage existing security and decentralization capabilities while focusing resources on product development.



Robinhood Chain is part of Robinhood's push to bring brokerage services on-chain, allowing users to trade approximately 200 tokenized stocks, buy and sell real-world assets, lend and borrow stablecoins, and trade perpetual contracts on the network. Kerbrat noted that developer activity is also a key metric for assessing network adoption.



Kerbrat said Robinhood Chain caters to financial products such as tokenized stocks and derivatives, while also supporting Meme coins to meet user demand and provide liquidity. Robinhood aims to attract users who have never used cryptocurrency before, rather than competing with other blockchains for existing users.