Robinhood Markets’ new Layer-2 blockchain, Robinhood Chain, launched on July 1 using Arbitrum technology.
Real-world assets on the platform surged fivefold to approximately $70 million in less than two weeks. Total value locked on the network has reached nearly $312 million.
Trading of tokenized stocks including Nvidia, GameStop, and SpaceX drives the expansion. Daily trading volumes for these assets now reach into the millions.
The rapid growth marks a significant milestone in Robinhood’s strategy to expand its presence in the blockchain space.