Robinhood (HOOD) stock: Layer 2 chain transactions reached 7.6 million per day, setting a record for

Key Points

Contents

Key Points

Only 11 days after Robinhood's blockchain network was launched on the main network, the average daily transaction volume reached 7.6 million, close to Coinbase Base's 9.2 million.

Trading activity has been accelerated by a 90-day fee reduction program that covers all Gas fees through the end of September 2026.

The network ranks second on Uniswap with more than US$500 million in 24-hour transaction volume, behind the Ethereum main network.

HOOD shares closed at US$111.97 on July 10, down 2.73% on the day.

The second quarter 2026 financial report to be released in early August will be the first time that earnings disclosure includes active main-network indicators.

The Robinhood chain performed strongly, and the blockchain infrastructure closely following Base

Robinhood showed astonishing development momentum. Just 11 days after the main network was launched on July 1, the Arbitrum based Ethereum Layer 2 network processed 7.6 million transactions in 24 hours. At the same time, Coinbase's Base platform processed 9.2 million transactions in the same time period-the gap between the two is rapidly narrowing.

Robinhood chain performed strongly.

The current TVL reaches US$270 million, mainly driven by Morpho.
The daily trading volume of DEX soared to US$580 million yesterday.
The daily active users exceeded 200,000
The daily transaction volume exceeded 7.6 million

and this was just one week.

HOOD shares closed at US$111.97 on July 10, 2026, down 2.73% on the day. The stock had previously soared about 10% after the second-tier network announcement, and then rose another 7% when Robinhood launched its autonomous trading feature.

The catalyst driving these trading volumes is obvious: Robinhood pays all network fees for all participants during the 90-day mainnetwork launch period. This strategy eliminates financial friction among retail investors, DeFi participants and speculative token traders, thereby attracting activity that might otherwise flow to other competing networks.

Blockchain analysis data from MSBIntel and verified by Token Terminal confirms the indicator of 7.6 million transactions per day. Even with the fee subsidy in effect, the network still accumulated approximately $4,000 in contract revenue per day.

In addition to transaction volume, Robinhood Network's 24-hour trading activity on Uniswap also exceeded US$500 million, ranking second among all Uniswap implementations. Only the Ethereum main network ranks higher.

Compare the performance of Robinhood chain and Base

Base entered the market earlier. The network was launched taking advantage of Coinbase's mature exchange infrastructure and initial partnerships with platforms such as Uniswap and Chainlink. Robinhood adopted a different strategy.

Robinhood launched with approximately 23 million brokerage clients and a tokenized securities infrastructure operating in more than 120 countries. Chainlink provides oracle price feedback for 95 tokenized stocks-including companies such as Nvidia, Apple and Alphabet. Uniswap promotes liquidity operations. Morpho provides loan services.

This kind of convergence that connects a large existing customer base with real-world assets was something Base did not have when it was initially deployed. Whether this advantage translates into continued blockchain participation remains a key uncertainty.

Post-subsidy performance: Decisive moment

The 90-day fee waiver program will end at the end of September 2026. This time point is the real performance evaluation moment.

FalconX predicted in April 2026 that Robinhood's blockchain could generate approximately $1.1 million in fees over six months-while acknowledging that subsidies would reduce revenue during the start-up phase.

When participants begin to bear transaction costs, activity levels either maintain their current trajectory or contract. The sustainability of current indicators depends on whether tokenized asset trading and DeFi participation can continue beyond the initial Memecoin trading boom.

Market observers are viewing early August and Robinhood's second-quarter 2026 earnings results as the next critical juncture. The report will be the first financial statement to include statistical data from the main operating network, providing stakeholders with the first comprehensive assessment to determine whether the blockchain business is generating significant revenue contributions.