Robinhood Chain sees over $70M in ETH bridged during first weekRobinhood’s choice to use Ethereum further solidifies its position as the “ultimate settlement layer and liquidity foundation for tokenized assets,” said HashKey Group’s Tim Sun.

Robinhood Chain, a new layer-2 blockchain built on Arbitrum and fully compatible with Ethereum Virtual Machine (EVM), has seen over $70 million worth of Ether (ETH) bridged into it during its first week of operation. Launched on July 1, the chain uses ETH as its native gas token and targets real-world assets, with Robinhood describing it as “AI-native and purpose-built” for such applications. The chain has attracted significant user engagement, reaching nearly 194,000 daily active users and generating approximately $39,000 in daily revenue, which annualizes to around $14 million, according to Token Terminal. DefiLlama data also reports a total value locked (TVL) of about 46,748 ETH, or roughly $83 million at current prices, including 31,855 ETH inflows on a single recent day.

Industry analysts highlighted the importance of this rapid adoption. Token Terminal suggested that continued growth could make Robinhood Chain a meaningful new source of demand for ETH. Bitrue Research Institute’s Andri Fauzan Adziima called the early volume “strongly bullish,” emphasizing the recurring demand created by using ETH as the gas token on this Arbitrum-based layer-2 network and Robinhood’s extensive user base. Tim Sun from HashKey Group underscored the structural benefits to Ethereum itself, stating that Robinhood’s decision to build an on-chain financial ecosystem on Ethereum further reinforces the mainnet’s role as the fundamental settlement and liquidity foundation for tokenized assets.

The move by Robinhood connects with broader trends in crypto, where Ethereum and its layer-2 scaling solutions hold over half the market share for tokenized real-world assets. Experts see this development as potentially cementing Ethereum’s dominance in this sector, especially as Robinhood offers tokenized US stocks to users across more than 120 countries. Uniswap founder Hayden Adams noted that ETH plays multiple key roles on Robinhood Chain: as the base pair for trading, the highest volume asset, the gas token for blockspace, and an asset that is burned on Ethereum’s layer 1 to pay for data storage fees.

Despite ETH’s recent price being about $1,775 and still down 64% from its peak in August 2021, bulls point to long-term growth drivers including real-world asset tokenization, artificial intelligence–driven payments, institutional involvement, and upcoming network upgrades like Glamsterdam expected before 2026. The launch and initial success of Robinhood Chain illustrate an important step in Ethereum’s ongoing ecosystem expansion and its function as a settlement layer for innovative financial applications.