In the seven days following the launch of its public mainnet, the Robinhood Chain L2 solution processed a total of $3.1 billion in DEX volume, placing it among the top five networks in the segment.
As of July 13, the protocol ranks third in daily turnover on decentralized exchanges with $808 million, trailing only Solana and BNB Chain.
According to analysts at Bernstein, about 65,000 users already hold $300 million in stablecoins and $13 million in tokenized stocks on the network.
The total value locked in DeFi protocols on Robinhood Chain has exceeded $100 million.
Robinhood Chain is an Ethereum Layer 2 solution based on Arbitrum, focused on financial services and real-world assets. Major platforms like Uniswap, Morpho, Lighter, Chainlink, and BitGo have already integrated into its ecosystem.
Bernstein noted that trading activity in the first week was speculative, initially driven by meme coins, with liquidity later coming from traditional crypto traders.
Analysts maintain a positive rating on Robinhood (HOOD) shares with a target price of $130. At the time of writing, the company’s stock is trading at $110.
In June, Robinhood’s management restructured and reduced its workforce by 10%.
