Pond Street Ledger

Robinhood Chain

A broker built a blockchain, and the market immediately used it for something else. This page tracks what the chain is actually doing, updated hourly, alongside every story the desk has filed on it.

$603.2m
+11.2% over 7 days
$495.1m
+63.2% over 7 days
$2.1m
$76.9m over 30 days
$714.3m

Source: DefiLlama · refreshed hourly · peak TVL $603.2m on 2026-08-24

Where the volume is

Uniswap V3$239.6m48.4%
Uniswap V4$218.2m44.1%
Uniswap V2$46.0m9.3%
GMGN$16.8m3.4%
Metric V1$10.6m2.1%
Deepstate$7.7m1.6%
up v3$6.8m1.4%
Arcus Spot$4.0m0.8%
Ramses CL V2$3.3m0.7%
Pons V2$2.9m0.6%

What it is

An Ethereum layer 2 built on the Arbitrum stack, operated by Robinhood
4663
1 July 2026, after a public testnet opened 10 February 2026
ETH. There is no native chain token.
Permissionless. Anyone can deploy a contract without Robinhood's approval.
Tokenized real-world assets, stock tokens and 24/7 onchain trading
ERC-4337 supported, including sponsored gas and session keys

What to know before you use it

Robinhood runs the only sequencer, so transaction ordering, uptime and inclusion sit with a single company.
An authorised filterer can register a transaction hash in a precompile, after which the state transition forcibly fails it. Force inclusion is therefore not a reliable escape hatch.
Core system contracts can be upgraded without a delay, so users are not guaranteed time to withdraw before a change takes effect.
Robinhood has not announced a chain token or an airdrop. Anything offering one is a scam until Robinhood says otherwise.

Chain design and risk properties as documented by Robinhood and by independent layer 2 researchers. This is a description of how the network works, not a view on whether to use it, and nothing on this page is investment advice.

Questions readers ask

What is Robinhood Chain?

Robinhood Chain is an Ethereum layer 2 built on the Arbitrum stack and operated by Robinhood. It uses ETH for gas, opened its public mainnet on 1 July 2026, and is designed for tokenized real-world assets and 24/7 onchain trading.

Does Robinhood Chain have a token?

No. ETH is the gas token and Robinhood has not announced a native token or an airdrop. Any offer of a Robinhood Chain token, airdrop allocation or claim link should be treated as a scam.

Can anyone deploy on Robinhood Chain?

Yes. Deployment is permissionless and the chain is EVM compatible, so Solidity and Vyper contracts and standard tooling work without modification.

What is the main risk of using Robinhood Chain?

Centralisation. Robinhood runs the only sequencer, an authorised filterer can force a registered transaction to fail, and core contracts can be upgraded without an exit window for users.

Our coverage

The Pond Street Ledger is an independent publication and is not affiliated with, endorsed by or connected to Robinhood Markets, Inc. Names are used to identify what we report on.