Robinhood Chain has received more than $700 million worth of Ethereum through its canonical bridge, according to DeFiLlama data cited as of September 8, with early trading on the network heavily concentrated in meme coins.

DeFiLlama’s dashboard showed around $700 million of assets deposited into Robinhood Chain’s canonical bridge as of September 8. The report said inflows have risen by about 150% over the past month, pointing to a sharp increase in capital moving onto the network.

Robinhood Chain is described as an Ethereum-compatible Layer 2 built on Arbitrum and uses ETH for network fees. Its canonical bridge is the main route for moving assets onto and off the chain. The reported transfer mechanics include an approximately 10-minute deposit waiting period and a 7-day withdrawal waiting period.

Early usage has skewed strongly toward speculative trading. Meme coins accounted for 93.5% of initial trades, while tokenized stocks made up 6.5%, according to the cited data. That split leaves a clear gap between current activity and the chain’s broader positioning around financial infrastructure.

The available information does not show whether the bridged assets are tied to sustained user growth, longer-term liquidity, or a wider mix of applications. It also remains unclear how quickly non-meme activity can expand if new capital continues entering the network.

Why It Matters

The update offers an early read on how users are actually engaging with a new crypto network tied to a mainstream brokerage brand. Large bridge inflows can signal attention and available liquidity, but the current trading mix suggests speculative demand is arriving faster than more structured use cases such as tokenized equities.

That makes Robinhood Chain a useful test case for whether consumer-facing crypto infrastructure can steer activity toward regulated-style financial products, or whether early adoption on new networks continues to be driven mainly by high-volatility tokens.