Ethereum bridged to Robinhood Chain hit $141 million two weeks after the Layer 2 network's July 1 launch, according to data tracked by blockchain analytics platforms. The figure represents week-over-week growth of roughly 100 percent, climbing from approximately $70 million in the prior seven days.
Robinhood Chain is a Layer 2 blockchain built on Ethereum and operated by Robinhood, the retail brokerage and crypto platform. The network allows users to move Ethereum from the mainnet to the L2 via a bridge contract, reducing transaction costs and settlement time.
DefiLlama and Bitget data sources tracking cross-chain activity confirmed the $141 million figure as of mid-July. The climb follows Robinhood's July 1 mainnet release, which came after months of testnet development. The brokerage has positioned Robinhood Chain as infrastructure for its existing user base, integrating crypto trading functionality into its mobile and web platforms.
Robinhood Chain joins competitors including Arbitrum, Optimism, and Base. Arbitrum and Optimism have held the largest share of total value locked in Layer 2 protocols for over a year, with Arbitrum at over $3 billion and Optimism at over $2 billion as of mid-2024. Base, launched by Coinbase in July 2023, accumulated $500 million in total value locked within its first year.
Ether bridge inflows to Robinhood Chain in its opening weeks will partly determine whether the network sustains inflows or experiences a decline common in early-stage L2 launches.
