While Ethereum’s price still languishes at multi-year lows, a newborn blockchain is quietly soaking up massive inflows of Ether. Robinhood Chain - the layer-2 network of brokerage giant Robinhood - attracted more than $70 million (around Rp1.1 trillion) in bridged Ether (bridged) in its first week alone. For ETH supporters, this figure is more than just a statistic.
A New Ether-Devouring Engine
Launched on July 1, Robinhood Chain is an Arbitrum-based, EVM-compatible network that uses ETH as its native gas token. Robinhood describes it as an “AI-native” blockchain specifically designed for real-world assets (real-world assets). According to Token Terminal, if adoption continues to climb, the chain “could become a meaningful new source of demand for ETH.”
On-chain data reinforces that optimism. DefiLlama records that the network’s total value locked (TVL) has surpassed the equivalent of roughly 46,748 ETH - about $83 million - with inflows on Thursday alone reaching 31,855 ETH, or around $55 million. Daily active users reached 194,000, while daily revenue grew to $39,000, representing an annualized run-rate of roughly $14 million (Rp227 billion).
Uniswap founder Hayden Adams emphasized that the majority of activity on the network is ETH-denominated. “It’s the base trading pair, the highest volume asset, and the gas token to pay for blockspace. It even burns mainnet ETH for data storage costs,” he noted.
Why ‘Institutions Entering’ Is the Key
This surge in liquidity has been accelerated by institutional capital. Nearly $90 million of the network’s locked value is held in the Morpho lending protocol, where Robinhood Earn offers an annual yield of around 7% on USDG deposits. The largest contribution came from Ethena, which deposited $50 million into a single vault in just one transaction.
Tim Sun, a senior researcher at HashKey Group, called this a “clear structural positive for ETH.” Ethereum and its layer-2 networks now command more than half of the real-world asset tokenization market, giving Robinhood Chain direct access to an ecosystem that already dominates the sector.
An Intriguing Signal Amid a Sluggish Market
Ironically, all of this is unfolding while ETH is still trading around $1,775 - down 64% from its peak in August 2025. Yet this is precisely what makes the story compelling: rather than waiting for prices to rise first, genuine demand for ETH is growing from the concrete utility of a new network. Whether Robinhood Chain’s liquidity ‘flywheel’ will be powerful enough to sustain Ethereum in the long run is what its supporters are now betting on.
As reported by Cointelegraph.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
