Robinhood Chain hits 100M transactions, but are the numbers telling the whole story?

Robinhood Chain crossed 100 million cumulative transactions roughly three weeks after its public mainnet launched on July 1, 2026. By the 85-day mark, that figure had climbed to 147 million. What Robinhood Chain actually is Robinhood Chain is an Ethereum Layer-2 network built on Arbitrum infrastructure. It targets the space between traditional brokerage accounts and decentralized finance, essentially asking: what if your Robinhood app could talk to DeFi protocols directly? The chain runs with 100-millisecond block times. ETH serves as the gas token, so there is no native Robinhood token powering the network. Day-one partners include Uniswap, Chainlink, Morpho, Alchemy, BitGo, and Pleiades. One of the flagship products is Stock Tokens, which give users on-chain exposure to equities. The TVL picture, and why 90% in one protocol matters Total value locked hit $100 million within the first seven days of the mainnet going live. Roughly 90% of that TVL sat in Morpho lending pools, meaning nearly all the locked capital was in one protocol, not spread across a thriving ecosystem of independent applications. The public testnet launched on February 10, 2026, after private testing sessions, g...