Robinhood's New Crypto Network Hits $800M in Just One Month

Robinhood, the popular investing app, has launched its own blockchain network — and it's growing fast.

The network is called Robinhood Chain, and it's what's known as an "Ethereum layer-2" (a network built on top of Ethereum, a major blockchain, to make transactions faster and cheaper while borrowing Ethereum's security). Robinhood chose this route so it could focus its energy on building products instead of security from scratch.

In just over a month, the results have been strong:

• Nearly $800 million in "total value locked" (the total amount of money users have deposited into the network)
• Over 200 million transactions processed

The company's crypto boss, Johann Kerbrat, explained the strategy using CEO Vlad Tenev's "two wolves" idea — meaning the network serves two very different groups at once: serious investors ("the suits") and playful crypto fans ("the degens").

What can you actually do on Robinhood Chain?

• Buy and sell around 200 tokenized stocks (regular company shares turned into digital tokens you can trade on a blockchain)
• Lend stablecoins (cryptocurrencies designed to hold a steady value, usually tied to the US dollar)
• Trade perpetual futures (bets on whether a price will go up or down, with no expiry date)

A big selling point is 24/7 trading. Normal stock markets close on nights and weekends, but news doesn't stop. Kerbrat says this lets everyday investors react — and protect their money — even after traditional markets shut.

Meme coins matter too. These are joke or community-driven cryptocurrencies (like Dogecoin) that often go viral. Robinhood is embracing them because they bring in attention, trading activity, and hard-to-reach crypto users.

The bigger goal: Robinhood isn't trying to steal users from rival blockchains. Instead, it wants to attract people who have never used crypto before and show them how the technology works.

"If we see tens of millions of customers trying to use a chain, I think that will be a good win for us," Kerbrat said.

This is an AI-generated summary. Read the original article at: https://decrypt.co/375158/robinhood-crypto-two-wolves-robinhood-chain-rwa-meme-coins