Robinhood Chain Launches, Attracts $141 Million in Bridged ETH in First 24 Hours

ETH-1.21%

According to Cointelegraph, Robinhood Chain, a layer-2 network launched by the trading platform, has attracted approximately $141 million in bridged Ethereum since launch. The network uses ETH as its native gas token and has accumulated over 500,000 wallet addresses holding ETH.

In the past 24 hours, Robinhood Chain's decentralized exchanges processed $877.56 million in trading volume, exceeding both Ethereum's layer-1 and competitor Base.

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