Robinhood Chain Nears Base With 7.6M Daily Transactions Just 11 Days After Launch

July 11, 2026 — Robinhood Chain has processed 7.6 million daily transactions just 11 days after its mainnet launch, narrowing the gap with Coinbase’s Base and accelerating competition among Ethereum Layer 2 networks. The Arbitrum-powered network recorded the figure on July 11 while Base processed 9.2 million transactions over the same period, according to on-chain data from MSBIntel verified by Token Terminal.

Immediate Details & Direct Quotes

The rapid activity surge comes as Robinhood covers gas fees for users through a 90-day subsidy ending in September 2026. Data cited by MSBIntel and Token Terminal showed Robinhood Chain generated roughly $4,000 in daily protocol fees despite the temporary cost waiver. “Robinhood Chain processed 7.6 million transactions yesterday, nearing Base’s 9.2 million, eleven days after mainnet,” MSBIntel reported via social media. “Base users pay for every transaction; Robinhood covers gas on its chain through a 90-day subsidy.”

The network launched alongside Robinhood’s tokenized equities platform, giving it access to approximately 23 million brokerage users. Tokenized stocks are available in more than 120 countries, providing an additional source of potential activity. The network also surpassed $500 million in single-day volume on Uniswap deployments, taking the second position behind Ethereum mainnet, according to the report.

Market Context & Reaction

The activity difference between Robinhood Chain and Base has narrowed considerably since Robinhood’s July 1 launch. Robinhood overtook Base as the second-largest Uniswap deployment by spot activity, indicating liquidity growth alongside transaction volume. Unlike Base, which launched with Coinbase’s exchange ecosystem and early integrations with decentralized applications such as Uniswap and Chainlink, Robinhood entered the market with its brokerage user base.

Robinhood’s blockchain expansion has influenced sentiment around its publicly traded shares. The company’s initial Layer 2 announcement lifted HOOD stock by about 10%, while its later rollout of AI-powered agentic trading coincided with another gain of roughly 7%, according to Yahoo Finance data. Robinhood has connected its tokenized stock offering with infrastructure from several blockchain projects. Chainlink provides oracle pricing for 95 tokenized equities, including Nvidia, Apple, and Alphabet, while Uniswap supplies trading liquidity and Morpho supports lending functionality.

Background & Historical Context

Robinhood Chain is built using Arbitrum technology, the company confirmed earlier this week. The network launched alongside a tokenized equities platform, expanding Robinhood Markets beyond its brokerage business into blockchain infrastructure. The rapid increase in transactions has drawn attention from blockchain analysts and investors tracking Robinhood Markets’ stock.

The current gas subsidy expires at the end of September 2026, removing the cost advantage that has encouraged heavy network usage during launch. FalconX estimated in an April 2026 report that Robinhood Chain could generate about $1.1 million in fees over six months, although the temporary fee subsidy is expected to reduce revenue during its initial rollout.

What This Means

Investors are watching whether network activity remains strong after the promotional period ends. Once users begin paying transaction fees, on-chain activity will provide a clearer picture of whether tokenized assets and decentralized finance usage can sustain current volumes beyond launch-driven trading.

Attention is now turning to Robinhood’s early August earnings release for the second quarter of 2026. This will be the company’s first financial report to include data from the live mainnet. Investors are expected to watch for evidence that blockchain infrastructure is beginning to contribute to Robinhood’s long-term revenue strategy. The question remains whether free gas incentives and tokenized equities can maintain user engagement without subsidies.

—