Robinhood’s new Layer 2 blockchain has seen a 70-fold jump in Ethereum (ETH) bridging just days after its public mainnet launch, according to Token Terminal. Over $70 million in ETH has already moved from Ethereum to Robinhood Chain. Daily active wallets and trading volumes have also surged, showing strong early user interest.
The blockchain, built on Arbitrum Orbit, launched its public mainnet around July 1 after months of testing. Since ETH is used for transaction fees, the big increase in bridged Ethereum points to more user activity and growing on-chain participation.
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
Token Terminal reported that the network added over 141,000 new active wallets on July 8, bringing the total daily active addresses to almost 193,000.
Trading activity has picked up quickly. Decentralized exchange (DEX) volume reached about $563 million in 24 hours, which is nearly one-third of Solana’s spot DEX trading volume for the same time frame.
Much of the early momentum has come from a surprising source. A meme coin called $CASHCAT, inspired by Robinhood’s former mascot, quickly hit a market cap of over $100 million and drew many retail traders to the new ecosystem.
Robinhood designed the blockchain to support tokenized real-world assets like stocks. However, trading in speculative meme coins has become a major driver of early network growth.
With the mainnet launch, Robinhood also rolled out new features like perpetual futures trading, Stock Tokens, and support for Apple Pay and Google Pay in the Robinhood Wallet. At its “The World is Flat” event in London, the company said it will cover gas fees for swaps, bridge transfers, and perpetual futures trades on Robinhood Chain for the first 90 days, following the terms that apply.
The ecosystem is already attracting major decentralized finance projects. Uniswap and Pleiades have launched on the network, while Chainlink supplies price feeds for tokenized stock trading.
Users can trade blockchain-based versions of shares in companies like NVIDIA, Apple, and Google. They can also use these assets as collateral in decentralized lending and borrowing protocols.
The sharp rise in bridged ETH, active wallets, and trading volume shows that Robinhood Chain has had a strong start. While its long-term goal is to focus on tokenized financial assets, the first wave of growth highlights how retail crypto traders are still a major force in adopting new blockchain ecosystems.
Can’t wait for the Robinhood to solana rotation.
— Tristan Thompson (@TThompson) July 9, 2026
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