TL;DR:
- Robinhood Chain recorded $3.1 billion in DEX volume during its first week, ranking among the top five chains by activity.
- Since the mainnet launch on July 1, over 65,000 users have accumulated $300 million in stablecoins and $13 million in tokenized stocks on the network.
- Bernstein rates Robinhood with an Outperform recommendation and a price target of $130.
Robinhood Chain accumulated approximately $3.1 billion in decentralized exchange volume during its first seven days of operation, placing it among the five chains with the highest DEX activity globally, according to a research note from Bernstein. The public mainnet launched on July 1, and since then more than 65,000 users have registered balances on the network.
The chain operates as an Ethereum Layer 2 based on Arbitrum, designed for financial services and tokenized real-world assets. Its ecosystem integrates protocols such as Uniswap, Morpho, Lighter, Chainlink, and BitGo, in a permissionless environment open to external developers.
Robinhood Chain: Speculative Volume and Big Ambitions
The first week was dominated by speculative flows, with memecoins leading volume before liquidity from traders more closely tied to cryptocurrencies arrived, according to Bernstein. In terms of DEX volume over the past 24 hours, the network reached $809 million, ranking third among all chains behind Solana and BNB Chain. The total DeFi value locked on Robinhood Chain surpassed $100 million within the first 15 days of its launch.
In the medium term, the company seeks to orient the chain toward trading real-world assets in equities, commodities, and perpetual futures, using Bitstamp liquidity as support. Robinhood’s stock tokens are already available in more than 120 countries — excluding the United States — and operate 24 hours a day on decentralized exchanges. Users can utilize them as collateral for trading or deposit them in lending pools to generate yield.
Tokenized Assets Hold Up Against the Market Downturn
Tokenized assets showed strong performance against a crypto market that has accumulated a decline of around 25% so far this year. The market capitalization of tokenized real-world assets grew from $35 billion at the end of 2025 to more than $51 billion, a jump of 50%.
Private credit accounts for 48% of the market, followed by U.S. Treasury bonds at 29%. The total number of RWA holders surpassed one million, an increase of 75% for the year. Ethereum and Provenance concentrate approximately 70% of onchain activity in this category.
