Robinhood Chain Reaches $800M TVL with Meme Coins as Strategic Focus

Robinhood Chain has reached nearly $800 million in total value locked (TVL) and processed over 200 million transactions since its launch just over a month ago, according to Johann Kerbrat, Robinhood's head of crypto.

The network is built on Ethereum's layer-2 and supports tokenized stocks, other real-world assets, stablecoin lending, and perpetual futures trading. This approach aims to balance serious financial products with the more speculative side of crypto.

Kerbrat emphasized that meme coins are an important part of the strategy, bringing liquidity and interest from customers, especially in the DeFi-type segment.

Robinhood Chain's focus is on developer activity, which signals whether the network is becoming a platform for other builders to use. The company aims to bring more customers onto the chain and demonstrate the benefits of the technology.