Robinhood Chain's First-Week Metrics Put Tokenized Stocks Into a Real On-Chain Business Test

Decrypt's July 11 explainer framed Robinhood Chain as an Ethereum layer-2 built with Arbitrum technology for tokenized stocks, ETFs, DeFi apps, and on-chain financial products. Robinhood's own July 1 launch statement says the chain is built for financial services and tokenized real-world assets, with stock tokens available in more than 120 countries and DeFi integrations including Uniswap, Chainlink, BitGo, Alchemy, Morpho, and Paxos/USDG support. Decrypt reported first-week metrics of more than 17 million transactions, nearly 350,000 addresses, more than $1 billion in DEX volume, company-estimated TVL of $250 million, DefiLlama core protocol TVL around $94 million, and stablecoin balances above $260 million.