Robinhood Chain crosses $1B in total value locked

Robinhood Chain has crossed $1 billion in total value secured, a milestone that arrives less than two months after the chain opened its public mainnet on July 1, 2026.

The numbers behind the milestone

L2Beat tracked Robinhood Chain’s total value secured at $1.08 billion, while bridged value on the network reached approximately $1.578 billion by August. DeFi protocol TVL alone climbed to nearly $775 million by early August, up from essentially nothing at launch.

On the transaction side, the chain logged a record 11.6 million daily transactions on August 11, briefly outpacing Base in user activity.

Revenue tells a similarly aggressive story. Robinhood Chain generated $3.6 million in revenue during July 2026, the highest monthly figure among L2 solutions for that period.

The chain runs on the Arbitrum Orbit stack, which means it shares 10% of its net revenue with the broader Arbitrum ecosystem. There is no native token.

What is actually driving the growth

Robinhood built its reputation by democratizing access to stocks. Its chain launched alongside tokenized “Stock Tokens” and Morpho-based USDG lending, products clearly designed to pull traditional finance users into crypto rails.

Early adoption, though, has been driven primarily by memecoins and stablecoin deposits into lending protocols, specifically Morpho and Ethena. Tokenized real-world assets currently carry an active market cap of around $130 million on the chain, a small fraction of the overall TVL. The top protocols by usage are Morpho for lending, Uniswap for decentralized exchange, Ethena, and Lighter.

The Robinhood Wallet integration with Stock Tokens and USDG lending creates a bridge between traditional brokerage users and DeFi products.

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