ETH transferred to Robinhood Chain L2 tops $700 million, up 150%

  • ETH transfers from Ethereum to Robinhood Chain exceeded $700 million in September.
  • The amount of ETH bridged increased about 150% over the past month.
  • Robinhood Chain recorded increased decentralized exchange trading volume and other onchain metrics.

More than $700 million worth of ETH has moved from Ethereum's mainnet to Robinhood Chain, according to Token Terminal data, after the amount bridged rose by about 150% over the previous month. The inflows coincided with gains in the network's onchain activity, including decentralized exchange trading volume, adding liquidity to the layer-2 network and indicating expanding cross-chain transfers.

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