Bernstein said in a research note published Monday, as cited by CoinDesk, that Robinhood Chain has posted a strong start since its mainnet launch on July 1. The report said the network generated $3.1 billion in decentralized exchange volume over the past week, placing it among the top five chains by DEX activity.
According to the note, more than 65,000 users now hold roughly $13 million in tokenized stocks and $300 million in stablecoins on the chain. Bernstein said the early uptake points to faster convergence between tokenized real-world assets and the broader decentralized finance ecosystem.
Robinhood Chain is built on Arbitrum, an Ethereum Layer 2 network, and supports Robinhood’s tokenized stock offering. The chain provides 24/7 trading, self-custody, and on-chain functions such as lending and collateralization. It has also integrated with Uniswap, Morpho, Lighter, Chainlink, and BitGo. The report added that while early trading volume has been driven mainly by meme coins, Robinhood is expected to focus more on tokenized stocks, commodities, other RWA products, and perpetuals over time.
Robinhood Chain has had a strong launch and has already become one of the most active networks for decentralized trading, Bernstein said in a research note published Monday, according to CoinDesk.
The report said that since the mainnet went live on July 1, Robinhood Chain has recorded $3.1 billion in DEX volume over the past week, putting it among the top five chains by decentralized exchange activity. More than 65,000 users currently hold about $13 million in tokenized stocks and $300 million in stablecoins on the network.
Built on Arbitrum with tokenized stock support
Bernstein said the chain’s early adoption shows faster integration between tokenized real-world assets and the broader DeFi ecosystem. Robinhood Chain is built on Arbitrum, an Ethereum Layer 2, and supports Robinhood’s tokenized stock product. The network offers 24/7 trading, self-custody, and on-chain uses including lending and collateralization. It has also integrated with Uniswap, Morpho, Lighter, Chainlink, and BitGo.
Early activity was led by meme coins
The note also said that current early trading volumes have been driven mainly by meme coins, though Robinhood is expected to place more emphasis in the future on tokenized stocks, commodities, other RWA assets, and perpetual contracts.
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