Robinhood’s blockchain bet is paying off faster than most people expected. According to data from Arbdata, the total market cap of assets on Robinhood Chain has climbed to roughly $1.87 billion, with Dune dashboard estimates pushing that figure closer to $1.94 billion.
For a network that only launched its public mainnet on July 1, that’s a remarkable pace. The figure reportedly grew around 33% in a single week, driven by a mix of stablecoins, tokenized equities, and crypto-native activity.
What’s actually sitting on the chain
The bulk of Robinhood Chain’s market cap comes from stablecoins, which account for somewhere between $928 million and $965 million depending on the data source.
RWAs on the chain are valued at roughly $143 million to $149 million, encompassing 194 tokenized stocks and ETFs available through Robinhood’s infrastructure. By late July, the value of tokenized equities alone had grown approximately fivefold to around $70 million.
