Robinhood Chain pulled roughly $3.1 billion in cumulative decentralized exchange volume over its first seven days, ranking among the top five chains by DEX activity, according to a Bernstein research note shared with The Block on Monday.
Robinhood (HOOD) launched its public mainnet on July 1, and about 65,000 users now hold $13 million in tokenized stocks and $300 million in stablecoin balances on the chain, Bernstein analysts led by Gautam Chhugani said.
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An Arbitrum Layer 2 built for tokenized assets
Robinhood Chain is an Arbitrum-based Ethereum Layer 2 designed for financial services and tokenized real-world assets, with a permissionless environment for outside builders. Its ecosystem draws integrations from Uniswap, Morpho, Lighter, Chainlink, and BitGo, among others.
