In brief
- Robinhood Chain reached almost $800 million in total value locked after one month.
- The network has processed more than 200 million transactions.
- Robinhood wants to reach people who have never used crypto rather than compete for existing users.
Robinhood Chain wants to be a financial hub for the suits just as much as for the degens.
That’s essentially the meaning behind Robinhood CEO Vlad Tenev’s “two wolves” post on X, which the company’s head of crypto, Johann Kerbrat, says sums up what Robinhood is going for with the launch of its own Ethereum layer-2 network: a balance between serious products—tokenized equities and derivatives contracts—and the memes that bring in attention, fun, and users.
“We want to show…
