Robinhood Chain Surpasses 38.72 Million Transactions 10 Days After Launch

Robinhood Chain, Robinhood’s proprietary blockchain, is showing rapid early growth. The network has processed more than 38 million transactions just 10 days after launch.

Digital-asset analyst Ai Yi wrote on X on July 11 that Robinhood Chain’s cumulative transaction count had surpassed 38.72 million, including 12.11 million transactions in the past 24 hours alone. That level of on-chain activity within 10 days of launch is rare for a new chain, especially during a bear market, the analyst wrote.

Growth has been particularly strong in meme coins. CASHCAT, a meme coin on Robinhood Chain, has exceeded a market capitalization of $200 million, according to the post.

Ai Yi said Robinhood, which has the largest retail investor base in the U.S., is showing strength in attracting user interest. The analyst added that Robinhood Chain is also succeeding in expanding its early ecosystem.