Written by Martin Youngstaff writerReviewed by Felix Ngstaff editor

Written by Martin Youngstaff writer

Reviewed by Felix Ngstaff editor

Robinhood Chain sees over $70M in ETH bridged during first week

Latest NewsPublishedJul 10, 2026

Over $70 Million in ETH Bridged to Robinhood Chain in First Week

The recent launch of Robinhood Chain has seen a significant amount of Ether bridged to the platform, exceeding $70 million in just the first week. This development further solidifies Ethereum’s position as a leading settlement layer and liquidity foundation for tokenized assets. As a result, Ethereum could become a meaningful new source of demand for ETH, driving growth and adoption.

Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 network, uses ETH as its native gas token and has been described as “AI-native and purpose-built for real-world assets.” The chain has already seen notable traction, with daily active users reaching 194,000 and daily revenue growing to $39,000. This rapid growth could lead to increased demand for ETH, benefiting the entire ecosystem.

Tokenized Assets and Ethereum

Ethereum and its layer-2 scaling networks have become a popular choice for tokenized real-world assets, with over 50% market share. Robinhood’s move to offer tokenized stocks to customers in over 120 countries has responded to surging demand for tokenized US equities. As the adoption of Robinhood Chain continues, it could cement Ethereum’s position as a leading platform for tokenized assets, driving growth and increasing demand for ETH.

Turning liquidity into economic activity

The growth of Robinhood Chain has also been reflected in its total value locked, which has reached 46,748 ETH, worth around $83 million at current market prices. Uniswap founder Hayden Adams noted that most activity on the Robinhood Chain is ETH-denominated, with ETH being used as the base pair for trading, the highest volume asset, and the gas token to pay for blockspace.

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“It’s the base pair for trading, the highest volume asset, and the gas token to pay for blockspace. It also burns ETH on L1 to pay data storage fees,” he added. 

ETH bridged to Robinhood Chain tops $70 million. Source: Token Terminal 

Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph that it was “strongly bullish” and early volume “validates the L2 flywheel,” as a “meaningful new demand sink.”

“By using ETH as the native gas token on this high-velocity Arbitrum L2, every transaction I track creates direct, recurring demand while locking capital and onboarding Robinhood’s massive user base.” 

Related: L1s face decentralization ‘tug-of-war’ as adoption grows: Injective CEO

Tim Sun, HashKey Group senior researcher, said it was “a clear, structural positive for ETH.”

“For Ethereum, the most direct benefit is that Robinhood Chain uses ETH for gas,” he said. “As bridged assets, wallet addresses, and on-chain transactions grow, new demand for ETH is generated.”

“However, the deeper significance lies not just in how much gas is consumed, but in Robinhood’s choice to build its own on-chain financial ecosystem within the Ethereum network. This further solidifies the Ethereum mainnet’s position as the ultimate settlement layer and liquidity foundation for tokenized assets.”

Bulls argue Ethereum’s long-term growth thesis comes from RWA tokenization, agentic AI payments, institutional adoption and network upgrades, such as Glamsterdam, expected before the end of 2026, which is expected to increase layer 1 capacity. 

ETH prices ticked up on Friday to reach $1,775 but remain at multi-year bear market lows, down 64% from their August 2025 peak. 

Features: The biggest blockchain upgrades still to come in 2026

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Robinhood
• Layer2
• Arbitrum
• Ether Price
• Ethereum

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