Robinhood Chain has processed 7.6 million daily transactions just 11 days after launching its mainnet, narrowing the gap with Coinbase and accelerating competition between Ethereum Layer 2 networks.
summary
- Robinhood Chain has processed 7.6 million daily transactions just 11 days after launching its mainnet.
- Support for free gas and token shares has helped narrow the activity gap with Coinbase.
- Investors are watching whether network usage will remain strong after toll subsidies end in September.
According to on-chain data shared by MSBIntel and verified by Token Terminal, Robinhood Chain recorded 7.6 million transactions in a single day on July 11, while Base processed 9.2 million transactions during the same period. These numbers put Robinhood’s Arbitrum-powered second layer much closer to the leading Ethereum scaling network than many expected shortly after its launch on July 1.
Launched alongside Robinhood’s premium stock platform, the network quickly became one of the busiest tier 2 ecosystems in terms of activity. The rapid increase has caught the attention of blockchain analysts and investors tracking Robinhood Markets shares, as the company expands beyond its blockchain infrastructure brokerage business.
Free gas incentives have accelerated early network activity
One factor behind this increase is Robinhood’s decision to pay users gas fees for the first 90 days of mainnet operations. By eliminating transaction costs until the end of September 2026, the company has lowered the barrier for retail traders, DeFi users and memecoin participants to transfer assets on the network.
Data cited by MSBIntel and Token Terminal also showed that Robinhood Chain generated nearly $4,000 in daily protocol fees despite the temporary support. While Base is still ahead in the number of transactions, the gap between the two networks has narrowed significantly since Robinhood launched.
The use of the network has extended beyond simple transfers. Robin Hood series Exceeded $500 million in volume of single-day Uniswap deployments, ranking second behind the Ethereum mainnet, according to the report. The milestone came after Robinhood surpassed Base as the second-largest Uniswap deployment in terms of spot activity, indicating liquidity growth alongside transaction volume.
Unlike Base, which launched with the Coinbase exchange ecosystem and early integration with decentralized apps like Uniswap and Chainlink, Robinhood entered the market with access to the brokerage’s roughly 23 million users. The company has also made token shares available in over 120 countries, giving the network an additional source of potential activity.
Investors are watching whether activity will continue after the support ends
Robinhood’s blockchain expansion has also weighed on sentiment around its publicly traded stocks. The company’s first Announcement of the second class HOOD stock rose about 10%, while it was later Launch of AI-powered proxy trading This coincided with another gain of about 7%, according to data from Yahoo Finance.
Robinhood has tied its token stock offerings to infrastructure from several blockchain projects. Chainlink provides oracle pricing for 95 tokenized stocks, including Nvidia, Apple, and Alphabet, while Uniswap provides trading liquidity and Morpho supports lending functions. Earlier this week, Robinhood also confirmed that the layer 2 network is built using Arbitrum technology.
Despite the early momentum, analysts continue to monitor whether activity will remain strong after the promotional period ends. The current gas subsidy expires at the end of September 2026, removing the cost advantage that encouraged heavy use of the network during the launch.
FalconX estimated in an April 2026 report that Robinhood Chain could generate about $1.1 million in fees over six months, though temporary fee support is expected to reduce revenue during its IPO. Once users start paying transaction fees, cross-chain activity will provide a clearer picture of whether token assets and DeFi use can sustain current volumes beyond ever-present trading.
Attention now turns to Robinhood’s early August earnings release for the second quarter of 2026. Because it will be the company’s first financial report to include data from the live mainnet, investors are expected to watch for evidence that blockchain infrastructure is starting to contribute to Robinhood’s long-term revenue strategy.
