Robinhood Chain Tops $70M Bridged ETH in First Week

Robinhood Chain draws over $70 million in bridged Ether

Robinhood Chain has pulled in more than $70 million worth of bridged Ether within its first week of operation, reinforcing Ethereum's role as the primary settlement and gas layer for the new tokenized finance network. Launched on July 1 as an EVM-compatible, AI-native layer-2, the network uses ETH as its native gas token and arrived alongside Robinhood's rollout of tokenized US stocks to users in more than 120 countries.

Rapid adoption and early liquidity indicators

On-chain analytics from Token Terminal and DeFiLlama show rapid ecosystem growth in the days after launch. Daily Uniswap trading volume on Robinhood Chain hit roughly $500 million, and total value locked (TVL) climbed beyond $106 million. These metrics place the network just behind Ethereum mainnet for trading volume over the same period and signal substantial initial demand for bridged Ether and Wrapped Ether (WETH) as the primary trading pairs.

On-chain usage and revenue

Active users and protocol revenue

Token Terminal reported daily active users reaching about 194,000, with daily protocol revenue near $39,000. If sustained, that revenue level implies an annualized run rate of roughly $14 million. The data indicate liquidity is converting into real on-chain activity rather than sitting idle, supporting a healthier DeFi environment that combines trading, lending, and tokenized asset demand.

Bridged ETH holdings and inflows

DeFiLlama data showed Robinhood Chain holding 46,748 ETH — approximately $83 million at the time of the snapshot — before TVL later expanded past $100 million. The platform recorded inflows of 31,855 ETH in a single Thursday, about $55 million, highlighting sizable and concentrated liquidity movement onto the network in a short window.

Institutional participation and DeFi primitives

Morpho and institutional deposits

Institutional flows have been a major driver of early TVL. Nearly $90 million of the chain's locked value was reported on Morpho, where Robinhood Earn is offering around 7% annual percentage yield on USDG deposits. A single large institutional contribution from Ethena accounted for a $50 million deposit into a Steakhouse Financial-managed USDG vault, underscoring the role of major players in jump-starting liquidity.

Trading activity: WETH, memecoins, and tokenized equities

Trading on the chain has centered on WETH pairs, memecoins, and tokenized equities such as NVDA, AAPL, and GOOG. Robinhood Chain launched with broad Uniswap support, including v2, v3, v4, and UniswapX infrastructure, enabling high-throughput swapping and concentrated liquidity strategies that institutional market makers favor.

Implications for Ethereum demand and RWA integration

Token Terminal suggested that continued adoption of Robinhood Chain could become a meaningful incremental source of demand for ETH. Uniswap founder Hayden Adams noted that most transactions on the network are denominated in ETH, reinforcing ETH's dual role as the base trading pair and the gas token for blockspace. The chain also implements mechanisms that burn ETH on the Ethereum mainnet to cover data storage costs, adding another layer to ETH demand dynamics.

Real-world asset tokenization appears central to Robinhood Chain's strategy. RWA.xyz data indicates Ethereum and its layer-2 ecosystems already account for more than half of the tokenized real-world asset market, giving Robinhood Chain immediate access to an ecosystem that dominates RWA infrastructure and liquidity.

What to watch next

Key metrics to monitor include sustained Uniswap volumes, TVL trajectories, bridged ETH balances, and institutional inflows into lending and Earn products. Continued growth could not only bolster Robinhood's tokenized finance ambitions but also increase on-chain demand for ETH across settlement and data-availability layers, influencing broader DeFi liquidity and Ethereum market dynamics.