project
Permissionless, EVM-compatible layer-2 built on Arbitrum's stack, settling to Ethereum with gas in ether and no native token.
No evidence-backed relationships are recorded.
Monthly volume in tokenized equities went from $1B in January to $9B, with most of the move in June and July. The product did not change. The front ends did.
Reality
Crypto trading revenue fell 30% quarter over quarter in Q1 2026. Robinhood Chain and 190-odd tokenized US stocks are the replacement engine, not a side project.
Reality
Hayden Adams says automated market makers should intermediate tokenized assets. The numbers behind the claim: $34.55B issued, $3.98B deployed onchain, $33M of equity volume.
Reality
A month after launch, only five tokens on Robinhood Chain hold a market cap above $10 million, and the ones that got it there were memecoins. Distribution did not create demand for equity tokens.
Reality
More than 99% of Robinhood Chain's volume is memecoin trading, while tokenized equities on it sat at $10.68 million in July. That gap is the number to watch.
Reality