- Robinhood Chain saw strong development and increased network activity, surpassing Base in daily active users.
- The DeFi ecosystem on the network kept growing as total value locked and stablecoin liquidity increased.
- Although Robinhood Chain is expanding swiftly, its long-term viability will rely on maintaining user engagement and drawing in other developers and initiatives.
In terms of daily active users, Robinhood Chain has surpassed Base, and its total value locked (TVL) in decentralized finance (DeFi) has surpassed marking a significant milestone. The achievement demonstrates how rapidly the Ethereum-compatible Layer-2 network is growing, but it’s too soon to tell if this pace can be sustained over time.
On July 21, 2026, Robinhood Chain had over 324,000 daily active users, compared to Base’s approximately 274,500 daily active users, according to on-chain data from Artemis. For the first time, Robinhood Chain has surpassed Base in this important measure of network activity.
The data, which spans August 2025 to July 2026, reveals Base holding a commanding advantage for most of the year. Base recorded between 500,000 and over a million daily active users across a number of periods. However, Robinhood Chain surpassed Base in the most recent data due to a significant spike in activity following its launch.
Robinhood Chain’s DeFi Ecosystem Expands
In addition to user engagement, Robinhood Chain has seen notable expansion throughout its DeFi ecosystem. The network’s TVL as of now is $313 million. Considering that the network held around $100 million in TVL in its first two weeks, the growth follows a consistent upward trend.
Robinhood Chain still gaining momentum.
> TVL: $308.38M (+12.49% in 24H) DEX
> volume: $564.53M
> Perps volume: $13.53M
> App fees: $3.19M
> App revenue: $377k
Still early. Robinhood chain is getting harder to ignore. pic.twitter.com/yDhhfgt7Eq
— RobinHub (@RobinHubHB) July 22, 2026
Alongside the rise in TVL, stablecoin liquidity has increased. The stablecoin market capitalization of Robinhood Chain has increased to $439 million, up almost 30% in the last week, according to data from DeFiLlama. Approximately 64% of the network’s stablecoin supply is currently USDG. The network’s total value locked is over $950 million when bridging assets are added to native and canonical tokens.
Robinhood Chain Faces The Next Test After Explosive Growth
The network activity has continued to be robust. Weekly active addresses have exceeded one million, and daily active addresses have continuously reached hundreds of thousands, with a recent high between 245,000 and 300,000. These numbers imply that users and liquidity providers are engaging with the network more frequently.
Industry analysts are nonetheless wary of Robinhood Chain’s long-term prospects despite the company’s remarkable development. Blockchain networks that are just getting started frequently gain from early incentives that draw users and liquidity, but once promotional campaigns stop, it might be harder to sustain that activity.
In a similar vein, increasing stablecoin inflows and bridge assets might be more indicative of yield farming or short-term trading opportunities than of long-term user adoption. Established Layer-2 networks like Base, which already have a bigger developer environment and a longer operating history, will also compete with Robinhood Chain.
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