Overview
- Robinhood rolled out the Robinhood Chain mainnet on July 1 as an Arbitrum Orbit Layer‑2 designed to host tokenized Stock Tokens and broader DeFi services.
- MetaMask confirmed a full integration on July 15, letting users swap, bridge, and manage Robinhood Chain tokens directly from the wallet.
- Early on‑chain metrics showed explosive activity driven mainly by memecoin trading with reports of millions of transactions, high DEX volume, and roughly 1 million active wallets within two weeks.
- Stock Tokens remain a small share of holdings and usage, total value locked figures vary across reports, and Robinhood’s 90‑day gas subsidy may be inflating short‑term metrics.
- Key near‑term questions include how fee and revenue models perform after subsidies end, the legal treatment of Jersey‑issued Stock Tokens, and regulatory scrutiny in the U.S. and EU.