Robinhood Chain Hits $791 M TVL in Two Months, Surpassing Solana on Revenue

Robinhood Chain, the Layer 2 network launched by the brokerage on July 1, 2026, has quickly become a major player in crypto infrastructure. In just two months the chain grew its total value locked (TVL) from $4 M at genesis to $791 M, flipped Base in daily active users, and posted daily revenue that dwarfs Solana’s.

Rapid Growth in TVL and Revenue

By early September the chain’s TVL stood at $791 M, up from $4 M at launch. Daily revenue hit $4.01 M on Sept 2, compared with roughly $78 K recorded by Solana on the same day.

High Transaction Volume and User Reach

Within three weeks the network surpassed Base in daily active users. By the end of August it had processed 576 million transactions across 12.3 million addresses. Cumulative DEX volume crossed $47 billion, with Uniswap serving as the primary trading venue.

Retail‑Focused Products Drive Activity

The native Pons launchpad generated $500 M per day in memecoin volume after Aug 29, overtaking Pump.fun on Solana. Tokenized stocks on the chain recorded $4.3 billion in 30‑day volume, with an $85 M daily peak on Aug 25.

Distribution Advantage

Robinhood leverages its 24 million brokerage users, a built‑in wallet, and zero‑friction bridging to bring retail participants onto the chain without additional onboarding steps. This integration contrasts with the multi‑step process required for new users on Solana.

Challenges Ahead

The chain launched with a 90‑day gas subsidy that ends on Sept 29, raising questions about sustained activity once transaction fees resume. Additionally, Robinhood Chain has not yet faced major network stress events that older chains have survived.

Context with Solana

Solana continues to host $5.9 B in TVL, over $16 B in stablecoins, and more than 1,000 live applications. In August it processed 5.2 billion transactions, roughly nine times Robinhood Chain’s total since launch. The competition now centers on distribution and user experience rather than pure technical capability.