TLDR
- Robinhood hit 7.6 million daily transactions just 11 days after launching its mainnet on July 1, approaching Coinbase’s base of 9.2 million.
- The 90-day gas subsidy drives growth by eliminating transaction costs until the end of September 2026.
- Robinhood Chain ranked second on Uniswap with a trading volume of over $500 million per day, behind only the Ethereum mainnet.
- HOOD stock closed at $111.97 on July 10, down 2.73% on the day.
- Q2 2026 earnings in early August will be the first report to include live mainnet data.
The Robinhood chain is moving fast. Just 11 days after the mainnet launch on July 1, Arbitrum-based Ethereum Layer 2 recorded 7.6 million transactions in a single day. Coinbase recorded 9.2 million on the same day – a gap that is closing faster than expected.
The Robinhood chain is crushing it.
> Now $270 million of TVL is primarily driven by Morpho
> Yesterday, live trading volume rose to $580 million per day
> 200k+ daily users
> 7.6 million+ daily transactions.It’s only been one week. https://t.co/uYm2e09Fq6 pic.twitter.com/Rr1iR0UfkF
– John Ma (@Jonbma) July 10, 2026
HOOD stock closed at $111.97 on July 10, 2026, down 2.73% on the day. The stock had previously jumped nearly 10% after the initial Tier 2 announcement, and another 7% when Robinhood rolled out its proxy trading feature.
The driver behind these transaction numbers is straightforward: Robinhood covers all users’ gas fees for the first 90 days on the mainnet. This removes a cost barrier for retail traders, DeFi users, and memecoin activity – increasing volume that would otherwise go to competing chains.
On-chain data from MSBIntel, verified by Token Terminal, confirms the daily transaction figure of 7.6 million. Despite the support, the chain still generates around $4,000 in daily protocol fees.
Beyond raw transactions, Robinhood The chain surpassed $500 million in single-day Uniswap volume, ranking second among all Uniswap deployments. Only the Ethereum mainnet lies above it.
How Robinhood Series Stacks Up Against the Base
Al Qaeda had a head start. I set off with Coinbase Enterprise exchange system and early integrations with applications like Uniswap and Chainlink. Robinhood is playing a different hand.
Robinhood is on board with nearly 23 million users of the brokerage and tokenized stock platform available in more than 120 countries. Chainlink powers oracle pricing for 95 tokenized stocks — including Nvidia, Apple, and Alphabet. Uniswap handles liquidity. Morpho supports lending.
This combination of a large existing user base and access to real-world assets is something Base did not have at launch. Whether it will translate into permanent on-chain activity is still an open question.
What happens when you run out of free gas
The 90-day support ends at the end of September 2026. Then the real test begins.
FalconX estimated in April 2026 that Robinhood Chain could generate about $1.1 million in fees over six months — but noted that the support would reduce revenue in the early period.
Once users start paying transaction fees, volume will either rise or fall. The sustainability of the current numbers depends on whether token asset flows and DeFi activity can withstand the spike in memecoin trading in the launch week.
Analysts point to early August and Robinhood’s Q2 2026 earnings report as the next key moment. This will be the first financial report to include live mainnet data, giving investors their first real look at whether blockchain infrastructure is contributing to revenue.
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