Robinhood Launches Blockchain With $450M in TVL Within Three Weeks
Just three weeks after launching on July 1, 2026, Robinhood's new blockchain—Robinhood Chain—attracted over $450 million in total value locked (TVL) and processed more than 95 million transactions. The rapid adoption surprised even the company’s executives, who noted that the launch occurred during a relatively quiet period for crypto markets. Unlike many other Layer 2 blockchains, Robinhood Chain benefits from an existing user base of over 26 million funded accounts on its platform. This allows it to integrate blockchain-based financial products directly into its app and drive adoption among retail investors without needing to build awareness from scratch. One such product is a lending feature that has already attracted $100 million in deposits, offering users up to a 7% annual yield. Robinhood also leverages memecoins as part of an early growth strategy, which Kerbrat said helps attract liquidity and market makers at the chain’s critical initial stage. The company plans to expand beyond speculative assets into products like perpetual futures, tokenized equities, and eventually real estate or private equity through its blockchain infrastructure.
Tickers: $HOOD
Topics: blockchain on-chain finance retail investors Robinhood Chain total value locked