Robinhood Chain threatens Base as daily transactions surge to 7.6 million

Robinhood Chain has processed 7.6 million daily transactions just 11 days after its mainnet launch, narrowing the gap with Coinbase’s Base and accelerating competition among Ethereum Layer 2 networks.

According to on-chain data shared by MSBIntel and verified by Token Terminal, Robinhood Chain recorded 7.6 million transactions in a single day on July 11, while Base processed 9.2 million over the same period. The figures place Robinhood’s Arbitrum-powered Layer 2 much closer to the leading Ethereum scaling network than many expected so soon after its July 1 launch.

Launched alongside Robinhood’s tokenized equities platform, the network has quickly become one of the busiest Layer 2 ecosystems by activity. The rapid increase has drawn attention from blockchain analysts and investors tracking Robinhood Markets’ stock, as the company expands beyond its brokerage business into blockchain infrastructure.

Free gas incentives have accelerated early network activity

One factor behind the increase is Robinhood’s decision to pay users’ gas fees during the first 90 days of mainnet operations. By removing transaction costs through the end of September 2026, the company has lowered the barrier for retail traders, decentralized finance users, and memecoin participants to move assets on the network.

Data cited by MSBIntel and Token Terminal also showed Robinhood Chain generated roughly $4,000 in daily protocol fees despite the temporary subsidy. While Base remains ahead in transaction count, the difference between the two networks has narrowed considerably since Robinhood’s launch.

Network usage has extended beyond simple transfers. Robinhood Chain surpassed $500 million in single-day volume on Uniswap deployments, taking the second position behind Ethereum mainnet, according to the report. The milestone followed Robinhood overtaking Base as the second-largest Uniswap deployment by spot activity, indicating liquidity growth alongside transaction volume.

Unlike Base, which launched with Coinbase’s exchange ecosystem and early integrations with decentralized applications such as Uniswap and Chainlink, Robinhood entered the market with access to roughly 23 million brokerage users. The company also introduced tokenized equities that are available in more than 120 countries, giving the network an additional source of potential activity.

Investors are watching whether activity survives after subsidies end

Robinhood’s blockchain expansion has also influenced sentiment around its publicly traded shares. The company’s initial Layer 2 announcement lifted HOOD stock by about 10%, while its later rollout of AI-powered agentic trading coincided with another gain of roughly 7%, according to the data from Yahoo Finance.

Robinhood has connected its tokenized stock offering with infrastructure from several blockchain projects. Chainlink provides oracle pricing for 95 tokenized equities, including Nvidia, Apple, and Alphabet, while Uniswap supplies trading liquidity and Morpho supports lending functionality. Earlier this week, Robinhood also confirmed that the Layer 2 network is built using Arbitrum technology.

Despite the early momentum, analysts continue to watch whether activity remains strong after the promotional period ends. The current gas subsidy expires at the end of September 2026, removing the cost advantage that has encouraged heavy network usage during launch.

FalconX estimated in an April 2026 report that Robinhood Chain could generate about $1.1 million in fees over six months, although the temporary fee subsidy is expected to reduce revenue during its initial rollout. Once users begin paying transaction fees, on-chain activity will provide a clearer picture of whether tokenized assets and decentralized finance usage can sustain current volumes beyond launch-driven trading.

Attention is now turning 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 watch for evidence that blockchain infrastructure is beginning to contribute to Robinhood’s long-term revenue strategy.