Robinhood Chain has amassed about $800 million in total value locked and processed 200 million cumulative transactions a little more than a month after launch, underscoring early traction for the company’s Ethereum layer-2 network. Johann Kerbrat, head of Robinhood Crypto, said the chain is being built as a financial hub for tokenized stocks, derivatives and other brokerage-style products alongside crypto-native activity such as meme coins. He said meme coins remain an important part of the crypto market because they help attract liquidity and user interest to new chains, and can be especially effective in drawing in DeFi users who are hard to move. Robinhood has said the broader goal is to bring tens of millions of people who have never used crypto on-chain rather than take users from existing blockchains, while relying on Ethereum’s security and decentralization as it expands services including tokenized equities, real-world assets, stablecoin lending and perpetual contracts.