Robinhood Chain Bridges Over $70 Million in Its First Week

In its first week since launch, Robinhood Chain has bridged over $70 million in Ethereum to the chain. According to data from Token Terminal, Robinhood Chain has reached 194,000 daily active users, with daily revenue growing to $39,000, resulting in an annualized revenue run rate of approximately $14 million. Data from DefiLlama indicates that its total locked value is 46,748 ETH (about $83 million), with a single-day inflow of 31,855 ETH (approximately $5.5 million) on July 9 alone. Hayden Adams, the founder of Uniswap, stated that most transactions on Robinhood Chain are denominated in ETH, which serves as the primary trading pair, the asset with the highest trading volume, and the Gas token for the chain. Additionally, ETH is consumed through Layer 1 to pay for data storage fees. Analysts believe that ETH, as the Gas token for the chain, will create sustained cyclical demand.