Robinhood Chain has bridged over $70 million in Ether during its first week, according to Token Terminal. This milestone underscores Robinhood’s integration of Ethereum as its native gas token for its new layer-2 blockchain.
Launched on July 1, Robinhood Chain is an EVM-compatible network based on Arbitrum technology. The platform is described as “AI-native and purpose-built for real-world assets.” Token Terminal noted that if adoption continues, it could generate significant demand for ETH.
In addition to bridging ETH, Robinhood has expanded its offerings to include tokenized stocks for customers in more than 120 countries. This move aligns with the growing demand for tokenized US equities, with Ethereum and its layer-2 solutions capturing over 50% of the market share for tokenized real-world assets, according to RWA.xyz.
Token Terminal reported that Robinhood Chain’s daily active users reached 194,000, generating $39,000 in daily revenue, which translates to an annualized revenue run rate of approximately $14 million. DefiLlama indicated a total value locked (TVL) of 46,748 ETH on the chain, valued at around $83 million. On Thursday alone, inflows totaled 31,855 ETH, or about $55 million.
Hayden Adams, founder of Uniswap, commented that the majority of trading activity on Robinhood Chain is ETH-denominated, emphasizing its role as the primary asset for transactions and gas fees.
Andri Fauzan Adziima, research lead at Bitrue Research Institute, described the early volume on Robinhood Chain as “strongly bullish,” observing that it demonstrates the “L2 flywheel” effect, indicating a growing demand sink for ETH.
Tim Sun, a senior researcher at HashKey Group, stated that Robinhood’s decision to use ETH for gas fees is a structural positive for the Ethereum ecosystem. He noted that as bridged assets, wallet addresses, and on-chain transactions increase, new demand for ETH will be generated.
Sun added, “The deeper significance lies not just in how much gas is consumed, but in Robinhood’s choice to build its own on-chain financial ecosystem within the Ethereum network.” This move further cements Ethereum’s position as a foundation for tokenized assets.
Ethereum prices rose to $1,775 on Friday, although they remain significantly lower, down 64% from their peak in August 2025.
