Robinhood Chain Trails Base in TVL, But Early User Numbers Show Promise

R Robinhood Chain's early growth has left it in second place behind Coinbase's Base network in terms of Total Value Locked (TVL), with a gap of nearly 10x.

However, user numbers tell a different story: on July 21, Robinhood Chain briefly surpassed Base in daily active users, logging around 324,000 wallets compared to Base's 275,000.

The network was built with a specific vision: tokenized real-world assets and fractional stock trading on-chain. However, early trading volumes on Robinhood Chain have been dominated by memecoins, with real-world assets accounting for only about 4% of total volume.