Robinhood Chain launches on Arbitrum with tokenized stocks (90+ including NVIDIA, Apple, Google) and achieves $250M TVL and $1B DEX volume in first week.
DeFi & Yields ·
Robinhood has launched a blockchain built on Arbitrum centered on tokenized real-world assets, marking a significant expansion beyond a conventional layer-2 network. The chain integrates Uniswap for liquidity provisioning, Chainlink for oracle and cross-chain services, and support from infrastructure partners including Alchemy, BitGo, Morpho, Lighter, and 1inch. Over 90 stocks and exchange-traded funds—among them NVIDIA, Apple, Google, and QQQ—are accessible to eligible users via Robinhood Wallet and can be traded around the clock, deposited into lending protocols, or pledged as collateral.
The network processed 17 million transactions and attracted nearly 350,000 addresses in its opening week, accumulating $250 million in total value locked and exceeding $1 billion in decentralized exchange volume. Memecoin activity and a 90-day subsidy on transaction fees account for a significant portion of this early engagement, making it premature to assess sustained user retention or whether tokenized equities will achieve durable liquidity depth.
Robinhood's competitive edge rests on its distribution footprint: with approximately 28 million existing customers, the chain presents a rare pathway to onboard traditional finance participants into decentralized protocols at scale. Whether it achieves this objective and retains users after incentive programs conclude remains the critical unknown.