Robinhood Chain surpassed $88 million in total tokenized value while generating roughly $4.6 million in daily revenue during a late-August spike, according to data tracked by Entropy Advisors, Arbdata and cited revenue comparisons. The network is an Ethereum Layer-2 built on Arbitrum Orbit/Nitro that settles transactions to Ethereum. Although Robinhood positioned it around tokenized equities and real-world assets, much of the early activity and revenue came from memecoins, speculative token trading, launchpads and DeFi flows. Tokenized equities rose roughly fivefold to approximately $70 million by late July 2026, while applications generated about $2.66 million and chain-level gas fees added approximately $1.07 million over 24 hours around Aug. 30-31. After Ethereum settlement costs and the Arbitrum Expansion Program’s share, Robinhood retained roughly $963,000 in net fee revenue. The network supports 24/7 trading and self-custody, but its tokenized-equity instruments remain exposed to custody, counterparty and regulatory risks.