Robinhood Chain surpasses $70M in bridged Ether after launch
The post Robinhood Chain surpasses $70M in bridged Ether after launch appeared on BitcoinEthereumNews.com. Robinhood Chain has attracted more than $70 million worth of bridged Ether within its first week, strengthening Ethereum’s role as the settlement layer behind the brokerage’s new tokenized finance network. Summary Robinhood Chain has attracted more than $70 million in bridged Ether within its first week after launch. Daily Uniswap trading volume has reached $500 million while total value locked has climbed above $106 million, supported by institutional liquidity. Token Terminal said continued adoption of Robinhood Chain could create a meaningful new source of demand for Ether. Data from Token Terminal showed the Arbitrum-based layer-2 network crossed the milestone after launching on July 1, with the analytics platform saying continued adoption could make the chain “a meaningful new source of demand for ETH.” ETH bridged from @ethereum (L1) to Robinhood Chain (L2) is up by ~70x in