Weekly active users on Robinhood Chain surpass 100K as Layer-2 gains rapid traction

Robinhood’s blockchain experiment is no longer an experiment. Weekly active users on Robinhood Chain have crossed the 100,000 mark, a milestone reached within the network’s first week of public mainnet operations.

The network, which went live on July 1, recorded roughly 50,000 daily active users and processed around 1.7 million daily transactions shortly after launch. They appear to be driven by actual product usage, including 24/7 tokenized stock trading and DeFi integrations that eliminate gas fees entirely.

What Robinhood actually built

Robinhood Chain is a permissionless, Ethereum-compatible Layer-2 blockchain built on Arbitrum’s technology stack. It features 100-millisecond block times. Transactions confirm almost instantly.

Robinhood launched Stock Tokens alongside the chain, allowing users to trade on-chain versions of major equities like NVDA, AAPL, and GOOG around the clock. Traditional stock markets close at 4 PM Eastern and take weekends off. Robinhood Chain doesn’t.

Robinhood partnered with Uniswap, Chainlink, Pleiades, BitGo, and Alchemy to build out the chain’s infrastructure. Uniswap brings decentralized exchange liquidity. Chainlink provides oracle services for pricing data. BitGo handles institutional-grade custody.

The Robinhood funnel advantage

Robinhood already has nearly 28 million users spread across more than 38 countries. The company has made Robinhood Chain services accessible to eligible users in over 120 countries.

Traditional Wall Street noticed. Robinhood’s stock price surged by over 8% following the chain’s launch.

What this means for investors

The ability to use tokenized real-world assets as collateral for DeFi lending and borrowing could unlock significant new liquidity. If you hold tokenized AAPL shares on Robinhood Chain, using those as collateral to borrow stablecoins without selling your equity position is a powerful proposition.

Risks remain real, though. Regulatory scrutiny around tokenized securities is still evolving, and offering on-chain stock trading in 120 countries invites attention from a lot of different regulators. The zero-gas-fee model also raises questions about revenue sustainability.