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ROBINHOOD BLOCKCHAIN
Robinhood’s new blockchain platform processed $3.1 billion worth of decentralized transactions in its first seven days, enabling it to enter the top five most active networks by DEX activity.
The network launched its public mainnet on July 1. By the time the report was published, more than 65,000 users had already transferred assets to the network.
Stablecoin balances totaled $300 million. Tokenized stocks were $13 million across more than 90 networks.
Robinhood Chain is a second layer of Ethereum built on Arbitrum, designed for tokenized real-world assets and DeFi. It is integrated with Uniswap, Morpho, Lighter, Chainlink, and BitGo. Through Morpho, users from the US can ИТ receive up to 7% annual interest directly through the Robinhood app.
Lighter processes forward contracts and allocated $11 million in LIT tokens to incentivize trading.
Ondo Financе launched a competing model for tokenized securities during the same period, as the broader RWA sector grew from $35 billion to $51 billion.
#Robinhood