
Robinhood Chain crossed $100 million in total value locked within a week of its July 1 launch, with Uniswap and Lighter driving trading activity as Arbitrum shares in partner-chain net protocol revenue.
Robinhood Chain, an Ethereum layer-2 built with Arbitrum Orbit technology, surpassed $100 million in total value locked within its first week after its July 1 launch, with some reports placing TVL between about $106 million and $107.8 million. Offchain Labs co-founder Steven Goldfeder said 10% of net protocol revenue from Robinhood Chain and other Arbitrum-based partner chains flows back to the Arbitrum ecosystem, with 8% going to the Arbitrum DAO treasury and 2% to the Arbitrum Developer Guild. Early activity included more than $70 million in bridged ETH, stablecoin supply above $270 million led by Paxos-issued USDG, Uniswap TVL above $30 million and $500 million in 24-hour trading volume, plus Lighter topping $10 million in TVL as Robinhood Wallet expanded on-chain trading access. Morpho also gained traction, including a reported $50 million Ethena deposit into a vault, while analysts said sustained adoption could support recurring demand for Ethereum, though much of the initial surge has been tied to tokenized-stock trading, memecoins and speculative activity.