Robinhood Chain hit nearly $800M TVL and 200M transactions in its first month.
Robinhood's crypto chief, Johann Kerbrat, says they chose an Ethereum L2 for its security, focusing on tokenized stocks and perpetual futures. The goal: onboard new users, not just poach existing ones.
Our read: Robinhood isn't chasing degens. They're building a regulated on-chain brokerage. The "two wolves" narrative is a smokescreen for a serious play at institutional and mainstream finance, using crypto rails. The transaction count points to real activity, not just speculation.
Would you trade tokenized stocks on an L2? $BTC
Robinhood's crypto chief, Johann Kerbrat, says they chose an Ethereum L2 for its security, focusing on tokenized stocks and perpetual futures. The goal: onboard new users, not just poach existing ones.
Our read: Robinhood isn't chasing degens. They're building a regulated on-chain brokerage. The "two wolves" narrative is a smokescreen for a serious play at institutional and mainstream finance, using crypto rails. The transaction count points to real activity, not just speculation.
Would you trade tokenized stocks on an L2? $BTC