Robinhood Chain sees ETH surge 5x as stablecoins climb to $260M

Robinhood Chain, the company’s freshly minted Ethereum Layer-2 network, is already showing signs of explosive early adoption. ETH holdings on the chain have surged roughly fivefold since launch, while stablecoins circulating on the network have ballooned to approximately $260 million. Bitcoin, for what it’s worth, hasn’t budged on the platform.

The numbers behind the early momentum

Robinhood Chain went live on July 1, 2026, during a London event, built on Arbitrum Orbit technology as a permissionless, AI-native chain. Within a week, things got interesting fast.

By July 8, Uniswap trading volume on the chain crossed $500 million in a single 24-hour period.

The stablecoin supply tells an equally compelling story. Shortly after launch, stablecoins on the chain hit roughly $247 million, with the Paxos-issued USDG accounting for about $212 million of that total. The figure has since climbed to the $260 million range.

Bitcoin remained flat on the platform, suggesting that early users are focused on DeFi activity, tokenized assets, and memecoins rather than simply parking BTC.

What Robinhood actually built

Robinhood Chain is specifically designed around the tokenization of real-world assets, or RWAs. The network supports stock tokens for companies like Nvidia, Google, and Apple, traded on-chain alongside native crypto assets.

Chainlink integration was baked in from day one, providing oracle data feeds and cross-chain interoperability through its CCIP protocol. Partners like Uniswap and Pleiades are already contributing liquidity to the ecosystem.

Before any of this went public, the testnet had processed over 200 million transactions.

Why this matters for investors

The dominance of USDG, a Paxos-issued stablecoin, is notable. Paxos has a track record of regulatory compliance and institutional credibility, which could make Robinhood Chain more palatable to traditional finance players.

Coinbase has Base. Now Robinhood has its own chain. Major US brokerages and exchanges are no longer content to just list tokens — they want to own the infrastructure layer.

The $500 million Uniswap volume day was driven largely by memecoins and tokenized assets, and memecoin volume is notoriously spiky. If Robinhood Chain can retain liquidity and build consistent daily volumes in tokenized RWAs, it could carve out a genuinely differentiated niche.

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