Robinhood Chain, the brokerage's new layer-2 network, has reached $480 million in total value locked (TVL) and 1.6 million active users just weeks after its mainnet went live. The numbers put the network in direct competition with more established layer-2 platforms in daily transaction volume.
Rapid user adoption
The 1.6 million active users represent a fast-growing base, likely drawn from Robinhood's existing retail customer pool. The company has not disclosed how many of those users migrated from its main app or came from other chains. The TVL figure — $480 million — suggests significant capital inflows in a short window.
Competing with the incumbents
Robinhood Chain is now rivaling older layer-2 networks in daily transactions, though it remains far behind leaders like Arbitrum and Optimism in total value locked. The chain's architecture is designed to handle high throughput, which may appeal to traders who want low fees and fast settlement.
The network's growth will be tested as it moves beyond the initial launch phase. Sustaining user activity and attracting developers to build on the chain will determine whether it can hold its position. Robinhood has not announced a timeline for adding new features or expanding the chain's ecosystem.
