Robinhood Chain, Robinhood’s blockchain infrastructure project, has overtaken Polygon in decentralized-finance total value locked (TVL), Crypto Briefing reported, citing DefiLlama data and a post from @RobinhoodCrypto referencing @0xPolygon. Robinhood Chain’s TVL is reported at $791 million to $802 million, compared with Polygon’s $788 million to $790 million. The permissionless Ethereum Layer 2 launched July 1, 2026, using the Arbitrum Orbit stack, ETH for gas and no native token. Its TVL grew from below $5 million before launch to more than $100 million within a week, $431 million after three weeks and above $700 million by late summer. Morpho and Uniswap deployments account for most locked value. Stablecoin market capitalization is roughly $868 million to $872 million, while bridged TVL is higher still. Early activity was dominated by memecoins, which at times represented more than 80% of decentralized-exchange volume, but trading later shifted toward utility and infrastructure tokens. Daily decentralized-exchange volume sometimes exceeded $1 billion, daily active users regularly reached the hundreds of thousands and the chain processed millions of transactions daily. The milestone is notable because Polygon has been expanding its ecosystem since 2020, although its declining TVL, the much larger scale of Ethereum and Solana and Robinhood Chain’s concentration in a few protocols temper the comparison.