Robinhood Chain threatens Base as daily transactions rise to 7.6 million
Robinhood Chain processed 7.6 million daily transactions 11 days after the launch of the mainnet, narrowing the gap with Coinbase’s Base and speeding up competition between Ethereum Layer 2 networks.
Summary
- Robinhood Chain processed 7.6 million daily transactions 11 days after the mainnet launch.
- Free gas funding and tokenized shares helped bridge the labor gap with Coinbase’s Base.
- Investors are looking to see if network usage remains strong after the subsidy ends in September.
According to on-chain data shared by MSBIntel and verified by Token Terminal, Robinhood Chain recorded a transaction of 7.6 million in one day on July 11, while Base processed 9.2 million during the same period. The figures put Robinhood’s Arbitrum-powered Layer 2 closer to Ethereum’s flagship scaling network than many expected shortly after its launch on July 1.
Launched alongside the Robinhood token platform, the network has become one of the busiest Layer 2 hubs for activity. The rapid rise has drawn attention from blockchain analysts and investors who track Robinhood Markets stock, as the company expands beyond its retail business into blockchain infrastructure.
Free gas incentives accelerated early network activity
Another reason for the increase is Robinhood’s decision to pay users’ gas fees during the first 90 days of mainnet operation. By removing transaction fees until the end of September 2026, the company has lowered the barrier for traders, decentralized finance users, and memecoin participants to move goods on the network.
Data cited by MSBIntel and Token Terminal also showed that Robinhood Chain generated around $4,000 in daily protocol fees despite the temporary funding. While Base remains the leader in the number of transactions, the difference between the two networks has narrowed significantly since the launch of Robinhood.
The use of the network extended beyond simple transmission. Robinhood Chain exceeded $500 million in one-day volume in Uniswap usage, taking second place behind Ethereum mainnet, according to the report. The milestone followed Robinhood surpassing Base as the second-largest Uniswap destination for spot activity, indicating growth in liquidity alongside transaction volume.
Unlike Base, which launched with the Coinbase ecosystem of exchanges and early integration with established applications such as Uniswap and Chainlink, Robinhood entered the market with access to approximately 23 million brokerage users. The company also launched token allocations available in more than 120 countries, giving the network an additional source of potential jobs.
Investors are looking to see if the project survives after the subsidies end
Robinhood’s blockchain expansion also had an impact on sentiment surrounding its publicly traded shares. The company’s initial announcement of Layer 2 sent HOOD stock up nearly 10%, while its later release of AI-powered trading coincided with another roughly 7% gain, according to data from Yahoo Finance.
Robinhood has linked its tokenized stock offering to infrastructure from multiple blockchain projects. Chainlink offers stock oracle pricing for 95 tokens, including Nvidia, Apple, and Alphabet, while Uniswap provides trading capital and Morpho supports lending operations. Earlier this week, Robinhood also confirmed that the Layer 2 network was built using Arbitrum technology.
Despite the early momentum, analysts continue to watch whether activity remains strong after the promotional period ends. The current gas allowance expires at the end of September 2026, removing the cost benefit that encouraged greater use of the network during the launch.
FalconX estimated in an April 2026 report that Robinhood Chain could generate approximately $1.1 million in fees within six months, although short-term funding is expected to reduce revenue during its initial rollout. Once users start paying for purchases, the on-chain activity will provide a clear picture of how tokenized assets and decentralized currencies can maintain current values over implementation-driven trading.
Attention now turns to Robinhood’s early August earnings release for the second quarter of 2026. Because it will be the company’s first financial report to include data from the live mainnet, investors are expected to look for evidence that the blockchain infrastructure is starting to contribute to Robinhood’s long-term revenue strategy.
