Robinhood’s new blockchain is already moving serious volume. The Robinhood Chain, which launched its public mainnet on July 1, is processing roughly 1.7 million transactions per day, powered by between 49,200 and 50,000 daily active users.
What Robinhood actually built
Robinhood Chain is a permissionless Ethereum Layer-2 built on the Arbitrum Dedicated Blockchains framework. Block times clock in at approximately 100 milliseconds. Data blob security is handled through Ethereum, and the chain uses a first-come-first-served transaction sequencing model. ETH serves as the sole native gas token. There is no dedicated chain token.
The testnet, which went live on February 10, processed 4 million transactions in its first week. The mainnet is processing 1.7 million daily transactions shortly after launch.
Tokenized stocks meet DeFi
