Robinhood Chain bridges $70M+ ETH in week, boosting L2 demand
Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 using ETH as its native gas token, has bridged over $70 million worth of Ether in its first week (launched July 1).
Token Terminal says the scale of ETH bridged “could become a meaningful new source of demand for ETH” if usage continues. The chain’s positioning is also tied to Robinhood’s push into tokenized real-world assets (RWA), including tokenized stocks sold to customers in 120+ countries.
On-chain usage indicators reported in the article: daily active users of 194,000 and daily revenue of $39,000 (about $14M annualized) within week one. DeFiLlama data cited totals 46,748 ETH TVL (around $83M at current prices), and inflows on Thursday alone reached 31,855 ETH (about $55M).
Uniswap founder Hayden Adams commented that most activity on Robinhood Chain is ETH-denominated, with ETH serving as the base trading pair, the highest-volume asset, and the gas token used to pay for blockspace and related L1 data fees.
Bitrue Research’s Andri Fauzan Adziima called it “strongly bullish,” framing ETH bridging as an “L2 flywheel” that creates recurring demand while locking capital and leveraging Robinhood’s large user base. HashKey Group’s Tim Sun similarly described it as a structural positive for Ethereum, stressing that Robinhood Chain’s choice to consume ETH for gas and build an on-chain financial ecosystem can strengthen Ethereum’s role as a settlement layer for tokenized assets.
ETH price was noted at about $1,775 on Friday, still near multi-year bear-market lows.
Bullish
The article highlights real, measurable ETH demand mechanics: Robinhood Chain (Arbitrum-based) uses ETH as the native gas token, and it has already bridged $70M+ of ETH in week one. That directly increases recurring on-chain ETH usage (gas, trading base pair, L1 data-fee impacts), which is the kind of “demand sink” traders typically price into ETH over time.
In the short term, the large initial inflows (31,855 ETH on Thursday) and strong TVL growth can attract momentum and liquidity rotations into ETH and L2-related flows. In the longer term, if Robinhood expands tokenized equities/RWA and sustains user growth, ETH’s role as settlement/liquidity infrastructure for tokenized assets could strengthen.
This resembles prior market patterns where new L2 adoption or tokenization rails drive usage-based demand narratives for ETH (similar to how major L2 launches or stablecoin/RWA on-chain activity can lift ETH sentiment). Risks remain: adoption may slow after the launch phase, and broader ETH price action is still constrained by macro and the article notes ETH is near multi-year bear-market lows.