Key facts
- Robinhood Chain, an Ethereum layer-2 blockchain built on Arbitrum, launched its public mainnet on July 1.
- In its first week, the chain processed $3.1 billion in decentralized exchange (DEX) trading volume.
- This volume places Robinhood Chain among the top five networks for DEX activity.
- More than 65,000 users are active on the network, holding approximately $13 million in tokenized stocks and $300 million in stablecoins.
- Bernstein highlighted the strong early adoption as evidence of the convergence between tokenized real-world assets and the DeFi ecosystem.
Robinhood's new blockchain, Robinhood Chain, has rapidly established itself as a significant player in decentralized finance (DeFi), according to a research report from Wall Street broker Bernstein. Since its mainnet launch on July 1, the Ethereum layer-2 network, built on Arbitrum technology, has processed $3.1 billion in decentralized exchange (DEX) trading volume over the past seven days. This performance places Robinhood Chain among the top five networks globally for DEX activity.
The network currently supports over 65,000 users who collectively hold approximately $13 million in tokenized stocks and $300 million in stablecoins. Bernstein analysts, led by Gautam Chhugani, noted that this strong early adoption underscores the increasing convergence of tokenized real-world assets with the broader DeFi ecosystem.
Robinhood Chain is designed to facilitate the trading of tokenized real-world assets, including stocks and commodities, alongside perpetual futures. It enables 24/7 trading, self-custody, and on-chain use cases such as lending and collateral, with integrations for decentralized applications and liquidity providers. The broker anticipates Robinhood will increasingly focus on tokenized real-world assets, moving beyond the initial trading driven by memecoins.
The report also highlighted the importance of Robinhood's partnerships with entities like Uniswap, Morpho, Lighter, Chainlink, and BitGo in building liquidity and expanding the utility of tokenized assets. This development occurs amid a broader growth trend in tokenized real-world assets, which have seen a 50% increase year-to-date, with tokenized equities alone growing by approximately 170% to $1.9 billion.