Robinhood Chain Draws $70M in Bridged Ether in First Week

Robinhood Chain, an Ethereum-based layer-2 network that went live on July 1, has seen significant growth in its first week. The platform attracted over $70 million worth of bridged Ether, with daily trading volume on Uniswap reaching $500 million.

Total value locked (TVL) on the network surpassed $106 million, driven by institutional deposits. This rapid expansion suggests Robinhood Chain could become a major new source of demand for Ethereum, enhancing its role as a settlement layer in blockchain finance.