Robinhood’s blockchain experiment just had a very loud first week. The company’s new Layer-2 network, Robinhood Chain, crossed $500 million in 24-hour decentralized exchange volume on July 8, barely seven days after its public mainnet went live.
What’s driving the volume
The bulk of that $500 million in DEX activity came from two sources: Uniswap’s WETH trading pairs and a surge in memecoin speculation.
Robinhood Chain launched on July 1, 2026, as a permissionless Ethereum L2 built on the Arbitrum stack, with day-one integrations that included Uniswap for liquidity pools, Chainlink for oracle infrastructure, Morpho for lending solutions, and dYdX Labs.
Total value locked on Robinhood Chain surpassed $100 million within that first week. Roughly $90 million of that TVL sits in Morpho’s lending protocol.
