Four weeks after its launch on July 1, Robinhood Chain, an Ethereum layer 2 built on Arbitrum Orbit, saw its TVL exceed 300 to 400 million dollars. According to a report by investment bank Bernstein, the network processed 3.1 billion dollars in DEX volume in just seven days, briefly placing it in the top 5 blockchains for that metric. The memecoin CASHCAT reached a market cap twelve times larger than all tokenized stocks on the network, indicating that most activity is driven by memecoins rather than real-world assets. The Stock Tokens issued by Robinhood Assets are debt instruments backed 1:1 to real stocks: they provide economic exposure without conferring voting rights or direct ownership, a structure already flagged by the SEC in its January guidance. The chain counts over 2.6 million wallets created, approximately 65,000 users holding 300 million dollars in stablecoins and 13 million dollars in tokenized stocks across more than 90 assets.
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