Robinhood’s own chain—launched less than two months ago—the total value locked has already exceeded $1 billion. L2Beat estimates total TVL at about $1.08 billion, of which roughly $775 million is in DeFi protocols that are actually running.
The numbers sound pretty intimidating, but once you break them down, you get clearer: propping things up isn’t some new narrative—it’s stablecoins deposited into lending protocols, plus a round of meme-driven speculation. Real shares tokens and RWA still make up only a small portion.
What’s interesting is the other side: a traditional brokerage moved $1 billion worth of its own users onto the chain within two months. This isn’t “shilling”—it’s a distribution channel. Traditional finance on-chain isn’t just a slogan anymore; it’s something that’s already happening. Truly impressive.
#Robinhood chain
The numbers sound pretty intimidating, but once you break them down, you get clearer: propping things up isn’t some new narrative—it’s stablecoins deposited into lending protocols, plus a round of meme-driven speculation. Real shares tokens and RWA still make up only a small portion.
What’s interesting is the other side: a traditional brokerage moved $1 billion worth of its own users onto the chain within two months. This isn’t “shilling”—it’s a distribution channel. Traditional finance on-chain isn’t just a slogan anymore; it’s something that’s already happening. Truly impressive.
#Robinhood chain
