Robinhood Chain ecosystem in 3D
Robinhood Chain, the trading app’s own blockchain for tokenized stocks, as a space station: the four biggest apps of each type are satellites docked to it, sized by the money they hold. Read our full Arbitrum review for the background.
- DeFi TVL
- $1.09B
- ETH
- $2,255.54
- Stablecoins
- $1.02B
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DeFi deposits over time
Peak: $1.15B in Oct 2026. Today: $1.09B.
Main protocols on Robinhood Chain
The 33 apps with at least $1M on Robinhood Chain. Deposits on Robinhood Chain only; 7-day change shown for apps that run only on Robinhood Chain.
| # | Protocol | Type | TVL on Robinhood Chain | 7 days |
|---|---|---|---|---|
| 1 | Lending | $598.8M | — | |
| 2 | Risk Curators | $522.5M | — | |
| 3 | DEXs | $171.5M | — | |
| 4 | Derivatives | $112.2M | -1.7% | |
| 5 | DEXs | $85.4M | — | |
| 6 | Derivatives | $63.2M | -1.4% | |
| 7 | DEXs | $23.2M | -0.2% | |
| 8 | Yield vaults | $15.1M | — | |
| 9 | Yield | $12.8M | — | |
| 10 | DEXs | $11.7M | — | |
| 11 | DEXs | $6.6M | — | |
| 12 | Liquidity Manager | $6.0M | — | |
| 13 | DEXs | $5.4M | — | |
| 14 | DEXs | $4.5M | — | |
| 15 | DEXs | $4.1M | -6.7% | |
| 16 | Lending | $3.9M | — | |
| 17 | Token Locker | $3.7M | — | |
| 18 | Launchpad | $3.3M | — | |
| 19 | Lending | $3.2M | -3.8% | |
| 20 | Liquidity Manager | $3.1M | — | |
| 21 | DEXs | $2.8M | — | |
| 22 | Derivatives | $2.4M | -6.0% | |
| 23 | Yield Aggregator | $2.3M | — | |
| 24 | DEXs | $2.0M | — | |
| 25 | Yield Aggregator | $2.0M | — | |
| 26 | Yield vaults | $1.7M | — | |
| 27 | Yield Aggregator | $1.4M | — | |
| 28 | Token Locker | $1.3M | -4.0% | |
| 29 | DEXs | $1.3M | — | |
| 30 | Token Locker | $1.1M | — | |
| 31 | Prediction Market | $1.0M | -0.8% | |
| 32 | Token Locker | $1.0M | +9.9% | |
| 33 | Yield vaults | $1.0M | — |
Where the money sits
DeFi deposits by type of app, for the apps above. These can add up to more than the headline TVL because some money is counted twice — for example, a staked token that is then deposited in a lending app.
Top exchanges by volume
Trading volume on Robinhood Chain's DEXs in the last 24 hours.
How the pieces connect
A typical path money takes through Robinhood Chain DeFi. Each step uses what the previous one produced.
- 1
Fund
Move money in from the Robinhood app or Robinhood Wallet.
Robinhood Wallet - 2
Hold stocks
Buy tokenized US stocks that trade 24/7 (not available in the US, Canada or UK).
Stock Tokens - 3
Trade
Swap tokens on DEXs, or trade perpetual futures.
UniswapLighterArcus - 4
Earn
Lend stablecoins through curated vaults; Robinhood Earn pays yield on USDG.
MorphoSteakhouseGrove
Underneath it all: USDG, the Global Dollar stablecoin backed by a consortium that includes Robinhood.
Beyond DeFi
Stock Tokens
Tokenized US stocks trading 24/7 for eligible users in more than 120 countries.
Robinhood Wallet
Robinhood’s self-custody crypto wallet.
Robinhood Earn
Estimated ~7% a year on USDG at launch, through Morpho vaults.
Lighter
Perpetual futures on Robinhood Chain, run through Lighter.
Arbitrum
Built on Arbitrum’s technology; 10% of net revenue goes back to the Arbitrum ecosystem.
Chainlink
A launch partner providing price data.
USDG
The Global Dollar, a regulated stablecoin used for Robinhood Earn.
Agent trading
Planned tools for AI agents to trade on the chain.
Best stablecoin yields
Pools with more than $1M deposited. Rewards are paid in tokens and can change daily.
| Protocol | Pool | APY | Deposits |
|---|---|---|---|
| Mellow Core | RUSDG | 10.0% | $1.0M |
| Accountable | USDE | 7.9% | $1.6M |
| Morpho Blue | STEAKUSDG | 7.6% | $517.6M |
| Midas RWA | USDC | 7.5% | $51.5M |
| Morpho Blue | USDE | 5.0% | $360.9M |
| Spark Savings | USDG | 3.8% | $12.8M |
| LayerBank | USDG | 2.9% | $1.7M |
Not financial advice. Higher yields usually mean higher risk.
No Robinhood Chain token
Robinhood Chain has no token of its own. Fees are paid in ETH, and Robinhood runs the network.
- Gas token
- ETH
- Operator
- Robinhood
- Built on
- Arbitrum, settles on Ethereum
- Revenue share
- 10% to the Arbitrum ecosystem
Robinhood’s own shares (HOOD) trade on Nasdaq; they are not a token of this network.
Key moments
- Jun 2025Robinhood announces its own chain on Arbitrum and launches stock tokens in the EU.
- Feb 2026Public test network opens.
- Jul 2026Mainnet goes live on 1 July with 24/7 stock tokens, Lighter perps and Robinhood Earn.
- Jul 2026About $3.1B of DEX volume in the first week, much of it meme coins.
Robinhood Chain vs. Base vs. Arbitrum
| DeFi TVL | Stablecoins | DEX volume 24 h | Market cap | Price | |
|---|---|---|---|---|---|
| Robinhood Chain | $1.09B | $1.02B | $767.0M | — | — |
| Base | $5.86B | $5.07B | $1.27B | — | — |
| Arbitrum | $1.44B | $3.62B | $316.9M | $1.14B | $0.165 |
This dashboard is for information only and is not financial advice. Figures from third-party sources may be delayed or revised.