FINTECH | Robinhood Chain Sees Over $170 Million in Stablecoin Issuance, ~200K Users in First Week of Launch

Robinhood’s newly launched Ethereum layer-2 network has attracted more than $70 million worth of Ether bridged from Ethereum within its first week of operation, according to on-chain data, signaling strong early demand for the brokerage’s blockchain infrastructure.

The network, which uses ETH as its native gas token, has also seen the supply of USDG stablecoins grow rapidly as users move liquidity onto the chain. Data shows over $178 million worth of USDG has been issued on Robinhood Chain alongside the inflow of ETH.

Activity on the network has accelerated since launch, with on-chain analytics indicating a sharp increase in new wallets and decentralized exchange volumes as developers and users begin deploying applications.

Daily active users as of this writing has already reached 194,000 with a $14 million annualized revenue run rate, within just that first week.

According to Token Terminal:

“ETH bridged from Ethereum (L1) to Robinhood Chain (L2) is up by ~70x in the past week, surpassing $70 million.

If adoption continues, the chain could become a meaningful new source of demand for ETH.”

Robinhood unveiled the layer-2 network last month as part of a broader strategy to expand beyond retail crypto trading into on-chain financial infrastructure, including tokenized real-world assets and decentralized applications. The company has positioned the chain as a platform for tokenized equities and programmable financial services.

The early inflows suggest users are willing to move capital onto the network despite growing competition among Ethereum layer-2 ecosystems led by Arbitrum, Base, and Optimism. Analysts say sustained adoption will depend on whether Robinhood can attract developers, applications, and tokenized assets beyond the initial launch period.

“Robinhood Chain is rapidly turning liquidity into economic activity,” said Token Terminal.

Robinhood Markets is a publicly traded fintech company founded in 2013. The company has more than 25 million funded customer accounts as of 2026 with hundreds of billions of dollars in customer assets under custody.

Its impact comes less from its size and more from how it changed retail investing.

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