Robinhood Chain has attracted over $70 million in Ethereum bridged to its network within its first week of operation. According to Token Terminal, the chain's daily active users have reached 194,000, with daily revenue climbing to $39,000, leading to an annualized revenue run rate of approximately $14 million. DefiLlama reports that the total value locked on the chain is 46,748 ETH, valued at around $83 million, with a significant single-day inflow of 31,855 ETH on July 9.
Uniswap founder Hayden Adams highlighted that Ethereum is the primary asset on Robinhood Chain, serving as the base trading pair, the highest-volume asset, and the gas token. This setup also involves consuming ETH at Layer 1 for data storage fees. Analysts suggest that using ETH as the gas token could foster ongoing demand for Ethereum on the chain.
Robinhood Chain Sees Over $70M in ETH Bridged in First Week
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