Robinhood Chain, the Ethereum Layer 2 built by the trading platform using Arbitrum technology, has shown strong recent throughput. Over the most recent full week of available data, the network processed an average of approximately 11.6 million transactions each day.
This level set a new high for the chain and represented a roughly 30 percent increase from the prior week’s daily average.
Total value locked on the network also advanced, reaching about $473 million.
That marked a 32 percent week-over-week rise, reflecting continued capital movement onto the chain.
User metrics moved more modestly. Average daily active accounts increased only 3.3 percent from the previous week and remained roughly 11 percent below the high point recorded on July 16.
A short-lived rise in activity occurred after the Cashcat memecoin appeared for spot trading inside the Robinhood application, yet this did not meaningfully lift the weekly average for active accounts.
The pattern points to greater intensity of use among an established group of participants rather than a broad influx of new ones.
Existing accounts appear to be generating more transactions per user, which has lifted overall volume even as the size of the active base has stayed relatively stable.
A notable contributor to the TVL expansion has been the growing presence of Ethena’s USDe.
Holdings of the synthetic dollar on Robinhood Chain have climbed to around $253 million, equivalent to roughly 43 percent of the network’s overall stablecoin supply.
One month earlier the figure stood near $17 million, when Robinhood’s own USDG held the larger share.
The shift toward a yield-oriented synthetic stablecoin tends to encourage capital to settle into deposits and related positions instead of circulating primarily through high-frequency trading.
This helps explain why locked value has continued to climb alongside a flatter trajectory for unique active accounts.
Since its public mainnet launch in early July, Robinhood Chain has drawn attention for rapid early growth in both activity and deposits.
While speculative trading has played a visible role, the latest weekly figures highlight how changes in stablecoin composition can shape network metrics.
Transaction counts have reached new peaks through higher usage frequency among current participants, and the expansion of USDe has provided clear support for total value locked.
These developments leave open questions about the breadth of future participation.
Sustained growth in unique active users would indicate broader adoption beyond the current cohort, while continued reliance on yield-seeking deposits could keep TVL elevated even if trading intensity varies. For now, the combination of record-level average daily transactions and USDe-driven capital inflows stands as the clearest recent signal of activity on the network.Primary data and analysis source:
