Robinhood Chain Fuels Ethereum Demand After Strong First-Week Launch

Highlights:

• Robinhood Chain attracted more than $70 million in bridged Ether within one week.
• Daily active users reached 194,000 as annualized revenue approached $14 million.
• Institutional deposits pushed total locked value above $100 million across major DeFi platforms.

Robinhood Chain attracted more than $70 million in bridged Ether during its first week after launching on July 1, according to data from analytics platform Token Terminal. The Arbitrum-based layer-two network uses ETH for gas and supports tokenized real-world assets.

The network reached about 194,000 daily active users during the opening week. Meanwhile, daily revenue rose to nearly $39,000, implying an annualized run rate of around $14 million.

The network also drew more than 350,000 addresses and approached $1 billion in cumulative decentralized exchange volume. In addition, total value locked moved near $100 million during the same period. These figures showed strong liquidity growth across lending, trading, and tokenized asset markets.

ETH bridged from @ethereum (L1) to Robinhood Chain (L2) is up by ~70x in the past week, surpassing $70M@RobinhoodApp Chain uses ETH as its native gas token

If adoption continues, the chain could become a meaningful new source of demand for ethereum:native pic.twitter.com/ihvgnut9Hz

— Token Terminal 📊 (@tokenterminal) July 9, 2026

Ethereum Demand Rises With Robinhood Chain Activity

Ether remains central to most transactions across the network. Traders use ETH as a gas token, trading pair, and settlement asset. Moreover, the chain pays Ethereum mainnet fees for data storage, which adds another source of ETH usage.

Uniswap founder Hayden Adams highlighted that link in a recent post. He said ETH serves as the leading trading pair and highest-volume asset. It also covers blockspace and mainnet data costs. That structure links the chain’s growth with Ethereum’s wider economic system. Furthermore, every data transaction creates demand for mainnet storage.

DeFiLlama recorded 46,748 ETH on the network, worth about $83 million at reported prices. However, later deposits pushed the locked value above $100 million. Thursday inflows alone reached 31,855 ETH, equal to nearly $55 million. Those transfers lifted liquidity across lending pools, decentralized exchanges, and tokenized asset markets.

Moreover, institutional deposits have helped drive that increase. Morpho held almost $90 million of the network’s locked value through Robinhood Earn. Robinhood Earn offered around 7% annual yield on USDG deposits through the protocol. Moreover, Ethena placed $50 million into a USDG vault managed by Steakhouse Financial.

Trading Growth Supports Robinhood’s Tokenized Finance Strategy

Robinhood launched the network alongside tokenized United States stocks for customers across more than 120 countries. The offering includes shares linked to Nvidia, Apple, and Alphabet. Meanwhile, trading activity also centered on Wrapped Ether and several memecoins.

Robinhood covered gas fees for eligible Wallet users through September 29. Therefore, the promotion lowered initial transaction costs and encouraged users to test the network. Chief Executive Vlad Tenev also recently promoted the chain’s support for both real-world assets and meme trading.

Meanwhile, the network has overtaken Hyperliquid in daily decentralized exchange volume. According to data from DeFiLlama, Robinhood processed more than $560 million in DEX volume over the past 24 hours, setting a new all-time high. Moreover, seven-day exchange volume has approached $900 million, placing the network fifth among tracked chains. 

🚨ROBINHOOD CHAIN JUST FLIPPED HYPERLIQUID IN DEX VOLUME

Robinhood Chain processed more than $560 MILLION in DEX volume over the past 24 hours, setting a new all-time high and overtaking Hyperliquid.

Daily active addresses surged toward 200,000, with over 140,000 first-time… pic.twitter.com/4Ms60sEofQ

— Coin Bureau (@coinbureau) July 10, 2026

Ethereum already controls more than half of the tokenized real-world asset market with its layer-two networks. As a result, Robinhood gained access to established liquidity, developer tools, and settlement infrastructure. The chain’s growth also gave Ethereum another route into tokenized equities and brokerage-linked products.

At the time of this writing, Ethereum was trading around $1,785, up by 1.70% over the last 24 hours. Its market cap and trading volume stand at $215 billion and $8.35 billion, respectively.