Robinhood’s new blockchain hit 1 million active wallets within roughly two weeks of going live.
The Robinhood Chain, an Ethereum Layer 2 built on Arbitrum’s Orbit stack, launched its public mainnet on July 1, 2026. It was supposed to be the bridge between traditional finance and crypto, offering tokenized versions of stocks and ETFs for round-the-clock trading. But here’s the thing: users showed up mostly to trade memecoins.
The numbers are hard to ignore
During its first week alone, Robinhood Chain processed $3.1 billion in decentralized exchange volume. That figure pushed it into the top five chains by activity.
Daily transaction volume peaks surpassed $800 million, with millions of individual transactions flowing through the network each day. The chain also held around $135 million in value shortly after launch.
