Robinhood Chain: $70M ETH Bridged, 194K Daily Users, $14M Annualized Revenue Run-Rate
Week-one flows into Robinhood's Arbitrum-based L2 show ETH as gas-token demand sink, per Token Terminal and DefiLlama data.
Robinhood Chain, the Arbitrum-built Ethereum layer-2 network the brokerage launched on July 1, has pulled in more than $70 million in bridged ETH in its first week, according to Token Terminal. DefiLlama’s tracking puts total value locked on the chain at 46,748 ETH, worth roughly $83 million at current prices, with a single day of inflows on Thursday accounting for 31,855 ETH — about $55 million — of that total.
The chain is EVM-compatible, uses ETH as its native gas token, and is described by Robinhood as “AI-native and purpose-built for real-world assets.” Token Terminal reported daily active addresses at 194,000 and daily revenue at $39,000, which annualizes to roughly $14 million if sustained — figures the data platform said show the network “rapidly turning liquidity into economic activity.”
ETH as the settlement rail
Because Robinhood Chain runs on Arbitrum technology and settles gas in ETH, every transaction on the network consumes the asset directly, a mechanic several analysts flagged as a fresh demand channel for Ethereum at a moment when ETH trades near $1,775–$1,788, down roughly 64% from its August 2025 peak.
Uniswap founder Hayden Adams said most Robinhood Chain activity is ETH-denominated. “It’s the base pair for trading, the highest volume asset, and the gas token to pay for blockspace. It also burns ETH on L1 to pay data storage fees,” he said.
Tim Sun, senior researcher at HashKey Group, called Robinhood’s decision to build on Ethereum “a clear, structural positive for ETH,” adding: “As bridged assets, wallet addresses, and on-chain transactions grow, new demand for ETH is generated.” He argued the deeper signal is that Robinhood chose to anchor its own financial ecosystem inside Ethereum, reinforcing the network’s position as the “ultimate settlement layer and liquidity foundation for tokenized assets.”
RWA market share at stake
Ethereum and its layer-2 networks already hold more than 50% of the tokenized real-world asset market by RWA.xyz’s tally, and Robinhood Chain’s early traction could extend that lead as the brokerage rolls out tokenized US equities and ETFs to customers in over 120 countries.
Andri Fauzan Adziima, research lead at Bitrue Research Institute, described the week-one numbers as “strongly bullish,” saying the early volume “validates the L2 flywheel” and represents “a meaningful new demand sink” — with every transaction on the “high-velocity Arbitrum L2” creating recurring ETH demand while locking capital and onboarding Robinhood’s existing user base.
Robinhood SVP and general manager of crypto and international, Johann Kerbrat, framed the launch as a bridge between legacy finance and DeFi. “Decentralized finance unlocks possibilities beyond what traditional finance can offer, but historically, it has required technical expertise to navigate,” he said. “We’re bringing the best of traditional finance and DeFi together.”
Bulls point to Ethereum’s roadmap — including the Glamsterdam upgrade expected before year-end 2026, aimed at expanding layer-1 capacity — as a tailwind for RWA tokenization, agentic AI payments and institutional adoption converging on the network Robinhood just built into.
Read more: Robinhood L2 Clocks 17M Txns, 350K Wallets in Week One as Agent-Trading Expands to Crypto