Robinhood Chain’s total value locked is nearing $1 billion after its July 1, 2026, launch, while decentralized-exchange volume reached $1.88 billion on Sunday and the network captured as much as 74.5% of daily trading across Zerion applications. StoneX analyst Mark Palmer attributed the early activity to Robinhood’s consumer brand, permissionless token creation, gas-fee subsidies and links between memecoins and tokenized stocks. Robinhood Chain ranked first on Zerion for 55 of its first 62 days and every day from July 8 onward, with Uniswap accounting for most activity and one hook handling nearly three-quarters of trades by early September. Stablecoin capitalization exceeded $1 billion, while CoinDesk Research estimated Robinhood app users generated only 1% to 2% of chain transactions.