Robinhood’s blockchain experiment is off to a fast start. The Robinhood Chain, an Arbitrum-based Ethereum Layer 2, has crossed $130.5 million in total value locked, according to DefiLlama data, marking a 17.08% jump in just 24 hours.
From zero to $130M in less than two weeks
Robinhood Chain crossed the $100 million TVL mark within its first week of operation. By July 12, it had pushed past $130 million, with the 17% daily increase suggesting momentum is still building rather than plateauing.
Uniswap has been a major catalyst. The decentralized exchange deployed a dedicated Automated Market Maker on Robinhood Chain and quickly accumulated over $30 million in TVL on the platform alone.
Morpho, the lending protocol, has been the other standout. Its active loans on Robinhood Chain reportedly reached approximately $97 million, which accounts for a significant chunk of the total TVL figure.
