Sunday, November 8, 2026
cryptonews100
No Result
View All Result
CryptoNews100
No Result
View All Result
Home Ethereum

Ether Bridged To Robinhood Chain Tops $70M in First Week

cryptonews100_tggfrn by cryptonews100_tggfrn
July 10, 2026
in Ethereum
0
Ether Bridged To Robinhood Chain Tops $70M in First Week
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
Sign up an get up to $1000 USDT!


The quantity of Ether bridged to Robinhood’s new layer-2 blockchain exceeded $70 million in simply the primary week, in keeping with Token Terminal. 

Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 community that makes use of ETH as its native gasoline token, launched on July 1 with the corporate describing it as “AI-native and purpose-built for real-world belongings.” 

“If adoption continues, the chain may develop into a significant new supply of demand for ETH,” said Token Terminal on Thursday. 

Robinhood has additionally supplied tokenized shares to prospects in greater than 120 nations, responding to a surging demand for tokenized US equities. Ethereum and its layer-2 scaling networks have been a preferred alternative for tokenized real-world belongings (RWA) with greater than 50% market share, in keeping with RWA.xyz, and this transfer may cement that place even additional. 

Turning liquidity into financial exercise

“Robinhood Chain is quickly turning liquidity into financial exercise,” said Token Terminal in a separate publish on X. 

Robinhood Chain’s each day lively customers reached 194,000 whereas each day income has grown to $39,000, equal to a $14 million annualized income run charge, throughout the chain’s first week, it stated. 

DefiLlama, a decentralized finance knowledge platform, exhibits comparable figures, showing Robinhood Chain has a complete worth locked of 46,748 ETH, value round $83 million at present market costs. Thursday’s inflows alone totaled 31,855 ETH, or round $55 million.  

Uniswap founder Hayden Adams said Friday that almost all of what’s taking place on the Robinhood Chain is ETH-denominated. 

“It is the bottom pair for buying and selling, the best quantity asset, and the gasoline token to pay for blockspace. It additionally burns ETH on L1 to pay knowledge storage charges,” he added. 

ETH bridged to Robinhood Chain tops $70 million. Supply: Token Terminal 

Andri Fauzan Adziima, analysis lead at Bitrue Analysis Institute, informed Cointelegraph that it was “strongly bullish” and early quantity “validates the L2 flywheel,” as a “significant new demand sink.”

“Through the use of ETH because the native gasoline token on this high-velocity Arbitrum L2, each transaction I monitor creates direct, recurring demand whereas locking capital and onboarding Robinhood’s huge consumer base.” 

Associated: L1s face decentralization ‘tug-of-war’ as adoption grows: Injective CEO

Tim Solar, HashKey Group senior researcher, stated it was “a transparent, structural constructive for ETH.”

“For Ethereum, probably the most direct profit is that Robinhood Chain makes use of ETH for gasoline,” he stated. “As bridged belongings, pockets addresses, and on-chain transactions develop, new demand for ETH is generated.”

“Nevertheless, the deeper significance lies not simply in how a lot gasoline is consumed, however in Robinhood’s option to construct its personal on-chain monetary ecosystem throughout the Ethereum community. This additional solidifies the Ethereum mainnet’s place as the final word settlement layer and liquidity basis for tokenized belongings.”

Bulls argue Ethereum’s long-term progress thesis comes from RWA tokenization, agentic AI funds, institutional adoption and community upgrades, resembling Glamsterdam, anticipated earlier than the top of 2026, which is predicted to extend layer 1 capability. 

ETH costs ticked up on Friday to succeed in $1,775 however stay at multi-year bear market lows, down 64% from their August 2025 peak. 

Options: The biggest blockchain upgrades still to come in 2026



Source link

Related articles

Ethereum — Can whales’ latest buying spree offset bearish market trend?

Ethereum — Can whales’ latest buying spree offset bearish market trend?

November 8, 2026
EIP-8037 state-gas rules force Ethereum dApps to rewrite billing

EIP-8037 state-gas rules force Ethereum dApps to rewrite billing

November 8, 2026
Tags: 70MbridgedChainEtherRobinhoodTopsWeek
Share76Tweet47
Drive and walk to earn crypto!

Related Posts

Ethereum — Can whales’ latest buying spree offset bearish market trend?

Ethereum — Can whales’ latest buying spree offset bearish market trend?

by cryptonews100_tggfrn
November 8, 2026
0

One other acquired round 13.08K $ETH, valued at $30 million, over the identical interval from Binance. Equally, a dormant pockets...

EIP-8037 state-gas rules force Ethereum dApps to rewrite billing

EIP-8037 state-gas rules force Ethereum dApps to rewrite billing

by cryptonews100_tggfrn
November 8, 2026
0

The Nov. 6 attraction says the delay continues pending decision, whereas the notices depart mainnet activation unset. The results lengthen...

Ethereum Price Prediction: Glamsterdam Halted Before Hoodi

Ethereum Price Prediction: Glamsterdam Halted Before Hoodi

by cryptonews100_tggfrn
November 7, 2026
0

Ethereum's subsequent main improve stays on the check bench for now. On November 6, the Ethereum Basis introduced in a...

What Could $1,000 in Ethereum Be Worth by 2030?

What Could $1,000 in Ethereum Be Worth by 2030?

by cryptonews100_tggfrn
November 7, 2026
0

Merchants maintain chasing a five-figure Ethereum value whereas ETF cash drains out and a delayed improve clouds the highway forward....

Bitcoin, Ethereum, XRP May Look at a Final Decline Before Year-End, Experts Say — TradingView News

by cryptonews100_tggfrn
November 7, 2026
0

Bitcoin BTCUSD faces a potential last decline towards $73,400 to $74,500 earlier than reversing, as consultants and analysts spotlight indicators...

Load More

Crypto Fear & Greed Index

Latest Crypto Fear & Greed Index

Recent News

BEDC restores power to Edo communities

BEDC restores power to Edo communities

November 8, 2026
Galaxy Flags New Risks for Crypto as Democrats Take Both Chambers

Galaxy Flags New Risks for Crypto as Democrats Take Both Chambers

November 8, 2026
Binance CFO steps down after record crypto theft

Binance CFO steps down after record crypto theft

November 8, 2026

Categories

  • Alt Coins
  • Bitcoin
  • Cardano
  • Chainlink
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Exchanges
  • HYPE
  • Ondo
  • Real World Assets
  • Shiba Inu
  • Solana
  • sui
  • Uncategorized
  • World Liberty Financial
  • XRP

Download the official CryptoNews100 Android App! Click the button below:

Tags

ADA (235) billion (242) Binance (217) Bitcoin (1571) BTC (295) Buy (190) Cardano (419) ChainLink (304) crypto (1511) Cryptocurrency (449) Dogecoin (562) EDT (219) ETF (251) ETH (247) Ethereum (855) finance (243) hits (186) Hype (268) Hyperliquid (541) Inu (270) key (178) launches (217) market (746) million (306) News (580) Ondo (520) prediction (651) price (1292) rally (203) Ripple (181) Robinhood (279) RWA (345) SHIB (216) Shiba (281) Solana (548) STOCK (185) Sui (430) support (201) Tokenized (331) top (290) trading (257) TradingView (320) Trump (222) world (197) XRP (854)

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Alt Coins
    • Cardano
    • Dogecoin
    • HYPE
    • Shiba Inu
    • Solana
    • XRP
  • Crypto Related DEALS

© 2023 Crypto News100 All Rights Reserved.
By visiting this website, you understand that the content provided within is for educational and entertainment purposes only. Nothing on this site may be constituted as financial advice and this site is not directing you to make any investments in cryptocurrency or in anything else. Thank you for visiting and please proceed responsibly.
As an Amazon Associate I earn from qualifying purchases.