Robinhood Chain Sees Explosive Growth in First Week

The Robinhood Chain layer-2 blockchain has seen significant activity since its launch on July 1, with over $70 million in ETH bridged during its first week.

This figure comes from Token Terminal, which notes that if adoption continues, the chain could become a meaningful new source of demand for Ethereum. The company describes the Robinhood Chain as 'AI-native and purpose-built for real-world assets.'

The Robinhood Chain uses ETH as its native gas token and is based on the Arbitrum layer-2 network. This has led to significant growth in daily active users, with 194,000 users engaging with the platform within the first week.

The total value locked on the chain has reached 46,748 ETH, worth around $83 million at current market prices. Thursday's inflows alone totaled 31,855 ETH, or around $55 million.